United Community Bank Has $1.09 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

United Community Bank decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 220 shares of the business services provider's stock after selling 60 shares during the quarter. United Community Bank's holdings in Booking were worth $1,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKNG. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking during the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking during the 4th quarter valued at $25,000. Promus Capital LLC acquired a new stake in shares of Booking during the 4th quarter valued at $35,000. Valley National Advisers Inc. boosted its stake in shares of 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 buying an additional 6 shares during the period. Finally, Addison Advisors LLC boosted its stake in shares of 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 buying an additional 4 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on BKNG. Morgan Stanley lifted 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 research note on Monday, January 13th. Royal Bank of Canada lifted 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. Benchmark lifted their price objective on shares of Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Piper Sandler reaffirmed a "neutral" rating and issued a $5,120.00 price objective (up previously from $4,900.00) on shares of Booking in a research note on Friday, February 21st. Finally, UBS Group lifted their price objective on shares of Booking from $5,560.00 to $5,960.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $5,370.43.

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Booking Trading Down 0.5 %

NASDAQ BKNG traded down $22.59 on Friday, reaching $4,673.38. The company's stock had a trading volume of 296,899 shares, compared to its average volume of 279,607. The firm has a market cap of $153.36 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. The business has a 50-day moving average price of $4,872.56 and a 200 day moving average price of $4,662.88. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating analysts' consensus estimates of $35.82 by $5.73. The business 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%. Analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $9.60 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Booking's previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.82%. Booking's payout ratio is 22.19%.

Booking 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.