Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,233 shares of the business services provider's stock after selling 195 shares during the period. Booking makes up about 3.4% of Washington Trust Advisors Inc.'s investment portfolio, making the stock its 9th largest holding. Washington Trust Advisors Inc.'s holdings in Booking were worth $40,903,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Booking during the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking during the 4th quarter valued at $25,000. Promus Capital LLC acquired a new stake in Booking during the 4th quarter valued at $35,000. Valley National Advisers Inc. raised its stake in Booking by 600.0% during 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, Addison Advisors LLC raised its stake in Booking by 80.0% during the 3rd quarter. Addison Advisors LLC now owns 9 shares of the business services provider's stock valued at $38,000 after purchasing an additional 4 shares during the period. Institutional investors own 92.42% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on BKNG shares. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. boosted their target price on shares of Booking from $5,575.00 to $5,750.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Barclays boosted their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Royal Bank of Canada boosted their target price on shares of Booking from $5,250.00 to $5,900.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Finally, Wedbush boosted their price target 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. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $5,370.43.

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Booking Trading Down 0.5 %

Booking stock traded down $22.59 on Friday, reaching $4,673.38. 296,899 shares of the stock were exchanged, compared to its average volume of 279,607. The stock has a market cap of $153.36 billion, a PE ratio of 27.01, a PEG ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a fifty day moving average price of $4,872.56 and a two-hundred day moving average price of $4,662.88.

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, topping analysts' consensus estimates 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 net margin of 24.78% and a negative return on equity of 159.34%. Equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $9.60 per share. This is a positive change 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 dividend on an annualized basis and a yield of 0.82%. Booking's payout ratio is currently 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.