iA Global Asset Management Inc. Sells 522 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

iA Global Asset Management Inc. decreased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,362 shares of the business services provider's stock after selling 522 shares during the period. Booking comprises about 1.0% of iA Global Asset Management Inc.'s investment portfolio, making the stock its 21st biggest holding. iA Global Asset Management Inc.'s holdings in Booking were worth $56,451,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BKNG. Proficio Capital Partners LLC lifted its holdings in Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after buying an additional 864,406 shares during the last quarter. Geode Capital Management LLC lifted its stake in Booking by 1.4% during the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider's stock worth $3,350,605,000 after purchasing an additional 11,211 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Booking by 0.5% in the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider's stock worth $2,073,508,000 after purchasing an additional 2,321 shares during the period. Fisher Asset Management LLC boosted its holdings in Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider's stock worth $1,763,797,000 after purchasing an additional 13,429 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Booking by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider's stock valued at $1,249,311,000 after purchasing an additional 11,649 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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Booking Stock Up 2.0 %

Shares of BKNG stock traded up $92.46 during trading hours on Monday, reaching $4,709.72. 232,020 shares of the stock traded hands, compared to its average volume of 232,611. The firm has a market capitalization of $154.55 billion, a PE ratio of 27.22, a PEG ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The business has a fifty day moving average price of $4,788.52 and a 200 day moving average price of $4,713.79.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $5.47 billion for the quarter, compared to analysts' expectations of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.82%. 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. Booking's dividend payout ratio is 22.19%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Robert W. Baird assumed coverage on shares of Booking in a research report on Wednesday, November 27th. They issued an "outperform" rating and a $5,850.00 price target on the stock. Cantor Fitzgerald raised their target price on shares of Booking from $4,900.00 to $5,540.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. StockNews.com lowered Booking from a "buy" rating to a "hold" rating in a report on Thursday. Royal Bank of Canada increased their price target on Booking from $5,250.00 to $5,900.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Finally, BMO Capital Markets boosted their price objective on Booking from $5,155.00 to $5,900.00 and gave the company an "outperform" rating in a research report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $5,370.43.

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.