Booking Holdings Inc. (NASDAQ:BKNG) Holdings Cut by Securian Asset Management Inc.

Securian Asset Management Inc. cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,779 shares of the business services provider's stock after selling 75 shares during the period. Securian Asset Management Inc.'s holdings in Booking were worth $8,839,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Garner Asset Management Corp raised its stake in Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider's stock valued at $1,087,000 after purchasing an additional 2 shares during the period. Optimist Retirement Group LLC raised its position in shares of Booking by 2.2% during the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider's stock valued at $383,000 after buying an additional 2 shares during the last quarter. D Orazio & Associates Inc. raised its position in shares of Booking by 3.2% during the third quarter. D Orazio & Associates Inc. now owns 96 shares of the business services provider's stock valued at $405,000 after buying an additional 3 shares during the last quarter. Nicolet Advisory Services LLC raised its position in Booking by 1.3% in the third quarter. Nicolet Advisory Services LLC now owns 241 shares of the business services provider's stock worth $989,000 after purchasing an additional 3 shares in the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of Booking by 1.9% during the third quarter. Crewe Advisors LLC now owns 160 shares of the business services provider's stock worth $674,000 after buying an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Down 2.2 %

BKNG stock opened at $4,353.41 on Wednesday. The stock has a 50-day moving average price of $4,849.47 and a two-hundred day moving average price of $4,671.37. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The company has a market cap of $142.86 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.

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Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $9.60 dividend. This is a boost from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend is Friday, March 7th. This represents a $38.40 annualized dividend and a dividend yield of 0.88%. Booking's payout ratio is 22.19%.

Analyst Ratings Changes

BKNG has been the topic of several research analyst reports. Cantor Fitzgerald increased their price target on shares of Booking from $4,900.00 to $5,540.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. Barclays lifted their price objective on shares of Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Wells Fargo & Company lifted their target price 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. Tigress Financial boosted their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the company a "strong-buy" rating in a report on Monday, November 18th. Finally, Benchmark upped their price objective on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5,370.43.

Booking 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.

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