Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 22.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 431 shares of the business services provider's stock after selling 127 shares during the period. Advisors Asset Management Inc.'s holdings in Booking were worth $2,141,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Booking in the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking in the 4th quarter worth approximately $25,000. Valley National Advisers Inc. grew its position in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after purchasing an additional 6 shares during the last quarter. Promus Capital LLC acquired a new position in Booking during the 4th quarter valued at approximately $35,000. Finally, Roxbury Financial LLC acquired a new position in Booking during the 4th quarter valued at approximately $42,000. Institutional investors own 92.42% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BKNG. Royal Bank of Canada boosted their price objective on shares of Booking from $5,250.00 to $5,900.00 and gave the company an "outperform" rating in a report on Friday, February 21st. Oppenheimer boosted their price target on Booking from $5,500.00 to $6,000.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Cfra upgraded Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. BMO Capital Markets increased 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. Finally, Erste Group Bank cut shares of Booking from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Eleven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,370.43.

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Booking Stock Down 0.3 %

Shares of Booking stock traded down $13.75 during mid-day trading on Wednesday, reaching $4,764.16. 179,278 shares of the stock traded hands, compared to its average volume of 232,679. The stock has a market capitalization of $156.34 billion, a PE ratio of 27.53, a PEG ratio of 1.71 and a beta of 1.40. The business has a 50-day moving average of $4,788.50 and a 200 day moving average of $4,721.16. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating 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 firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. On average, equities research analysts expect 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. Stockholders of record on Friday, March 7th will be paid a $9.60 dividend. This is an increase from Booking's previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, March 7th. Booking's dividend payout ratio (DPR) is currently 22.19%.

About Booking

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.