Commerzbank Aktiengesellschaft FI Boosts Position in Booking Holdings Inc. (NASDAQ:BKNG)

Commerzbank Aktiengesellschaft FI lifted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,928 shares of the business services provider’s stock after purchasing an additional 61 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Booking were worth $9,579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Booking in the 4th quarter valued at approximately $25,000. New Wave Wealth Advisors LLC purchased a new position in Booking in the fourth quarter worth approximately $25,000. Valley National Advisers Inc. grew its position in Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after acquiring an additional 6 shares during the period. Roxbury Financial LLC acquired a new stake in Booking during the fourth quarter worth $42,000. Finally, Addison Advisors LLC raised its position in Booking by 80.0% in the third 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. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of research analyst reports. Tigress Financial increased their price target on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. Wedbush lifted their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Baird R W upgraded shares of Booking to a “strong-buy” rating in a report on Wednesday, November 27th. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, DA Davidson boosted their target price on Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Nine 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Stock Down 1.4 %

Shares of NASDAQ:BKNG opened at $4,946.15 on Tuesday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The company has a 50-day moving average price of $4,896.45 and a 200 day moving average price of $4,631.73. The company has a market cap of $162.31 billion, a P/E ratio of 28.58, a PEG ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current 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 issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) 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.