Phoenix Financial Ltd. Has $557,000 Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Phoenix Financial Ltd. decreased its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 69.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112 shares of the business services provider's stock after selling 258 shares during the period. Phoenix Financial Ltd.'s holdings in Booking were worth $557,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking in the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking during the 4th quarter worth about $25,000. Summit Securities Group LLC acquired a new position in Booking during the fourth quarter worth $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking in the fourth quarter valued at approximately $30,000. Finally, Promus Capital LLC acquired a new position in Booking during the 4th quarter worth $35,000. 92.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BKNG shares. Piper Sandler reiterated a "neutral" rating and set a $5,120.00 target price (up previously from $4,900.00) on shares of Booking in a research note on Friday, February 21st. B. Riley lifted their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Morgan Stanley boosted their price target on Booking from $4,600.00 to $5,000.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. BMO Capital Markets boosted their target price on shares of Booking from $5,155.00 to $5,900.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Finally, Cantor Fitzgerald boosted their target price 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. Eleven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Booking currently has a consensus rating of "Moderate Buy" and an average target price of $5,327.28.

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Booking Price Performance

Shares of BKNG stock traded down $29.69 during trading hours on Monday, reaching $4,556.84. 288,049 shares of the stock were exchanged, compared to its average volume of 248,554. The firm has a market capitalization of $149.53 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.71 and a beta of 1.37. The business's fifty day moving average is $4,715.54 and its two-hundred day moving average is $4,769.51. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

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

Booking Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $9.60 dividend. The ex-dividend date was Friday, March 7th. This is a positive change from Booking's previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a dividend yield of 0.84%. Booking's dividend 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.