Zions Bancorporation N.A. Has $512,000 Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Zions Bancorporation N.A. lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 139.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103 shares of the business services provider’s stock after purchasing an additional 60 shares during the period. Zions Bancorporation N.A.’s holdings in Booking were worth $512,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FineMark National Bank & Trust increased its stake in shares of Booking by 1.8% in the 4th quarter. FineMark National Bank & Trust now owns 341 shares of the business services provider’s stock valued at $1,694,000 after buying an additional 6 shares during the period. Ashton Thomas Securities LLC boosted its holdings in Booking by 0.7% in the fourth quarter. Ashton Thomas Securities LLC now owns 461 shares of the business services provider’s stock valued at $2,290,000 after acquiring an additional 3 shares during the last quarter. TD Asset Management Inc. increased its position in Booking by 2.7% in the fourth quarter. TD Asset Management Inc. now owns 37,081 shares of the business services provider’s stock worth $184,234,000 after purchasing an additional 975 shares during the period. Rovida Investment Management Ltd bought a new stake in Booking during the 4th quarter worth about $7,456,000. Finally, Prudential Financial Inc. lifted its position in Booking by 139.9% during the 4th quarter. Prudential Financial Inc. now owns 47,996 shares of the business services provider’s stock valued at $238,464,000 after purchasing an additional 27,993 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

BKNG stock opened at $4,764.16 on Thursday. The stock has a market capitalization of $156.34 billion, a P/E ratio of 27.53, a P/E/G ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The business has a 50-day moving average of $4,787.19 and a 200-day moving average of $4,721.46.

Booking (NASDAQ:BKNG) last released its quarterly 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 the consensus estimate of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Equities analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $9.60 dividend. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.81%. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is 22.19%.

Analyst Ratings Changes

Several brokerages have recently commented on BKNG. StockNews.com cut shares of Booking from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Mizuho lifted their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company raised their price target on Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Finally, Cantor Fitzgerald upped their price objective on Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently 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.