Boston Partners Has $417.04 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Boston Partners cut its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,070 shares of the business services provider’s stock after selling 1,462 shares during the period. Boston Partners owned 0.25% of Booking worth $417,040,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking during the 4th quarter worth about $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking in the 4th quarter valued at about $25,000. Promus Capital LLC bought a new stake in Booking in the 4th quarter valued at about $35,000. Valley National Advisers Inc. boosted its holdings in Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 6 shares during the period. Finally, Roxbury Financial LLC bought a new stake in Booking in the 4th quarter valued at about $42,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Up 2.2 %

BKNG opened at $4,563.39 on Tuesday. The firm has a market cap of $149.75 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a fifty day moving average price of $4,809.82 and a 200-day moving average price of $4,687.26.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate of $35.82 by $5.73. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. On average, equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.84%. This is an increase from Booking’s previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. Booking’s payout ratio is 22.19%.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of recent research reports. Cantor Fitzgerald boosted their price objective on shares of Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Wedbush boosted their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a report on Monday, January 6th. BMO Capital Markets upped their price target on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Morgan Stanley upped their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company upped their price target on shares of Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Nine research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Company Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.