Advisory Services Network LLC Reduces Position in Booking Holdings Inc. (NASDAQ:BKNG)

Advisory Services Network LLC reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 758 shares of the business services provider's stock after selling 204 shares during the quarter. Advisory Services Network LLC's holdings in Booking were worth $3,766,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BKNG. Coldstream Capital Management Inc. increased its holdings in Booking by 12.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 654 shares of the business services provider's stock worth $2,807,000 after buying an additional 71 shares in the last quarter. Virtue Capital Management LLC raised its holdings in shares of Booking by 11.0% during the third quarter. Virtue Capital Management LLC now owns 192 shares of the business services provider's stock valued at $809,000 after purchasing an additional 19 shares during the last quarter. Unigestion Holding SA bought a new position in Booking during the third quarter valued at approximately $670,000. Passumpsic Savings Bank grew its position in Booking by 2.6% in the 3rd quarter. Passumpsic Savings Bank now owns 699 shares of the business services provider's stock worth $2,944,000 after purchasing an additional 18 shares during the period. Finally, Virtu Financial LLC raised its stake in Booking by 268.5% during the 3rd quarter. Virtu Financial LLC now owns 2,410 shares of the business services provider's stock valued at $10,147,000 after buying an additional 1,756 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. cut their price objective on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. DA Davidson upped their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research report on Friday, February 21st. UBS Group raised their price objective on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Morgan Stanley upped their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Finally, Barclays lifted their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5,327.28.

Booking Stock Performance

Shares of NASDAQ BKNG traded up $32.60 during trading on Tuesday, reaching $4,589.44. The stock had a trading volume of 91,427 shares, compared to its average volume of 247,953. The company has a market cap of $150.60 billion, a P/E ratio of 26.52, a PEG ratio of 1.71 and a beta of 1.37. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The business's 50-day moving average price is $4,712.69 and its 200-day moving average price is $4,771.67.

Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate of $35.82 by $5.73. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. 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 was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $9.60 dividend. This is an increase from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend was Friday, March 7th. This represents a $38.40 annualized dividend and a dividend yield of 0.84%. Booking's payout ratio is 22.19%.

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.