Bank of Hawaii Has $268,000 Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Bank of Hawaii reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 14.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 54 shares of the business services provider’s stock after selling 9 shares during the quarter. Bank of Hawaii’s holdings in Booking were worth $268,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Optimist Retirement Group LLC increased its stake in Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after acquiring an additional 2 shares during the last quarter. Sugarloaf Wealth Management LLC increased its position in shares of Booking by 7.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 46 shares of the business services provider’s stock worth $229,000 after purchasing an additional 3 shares during the last quarter. Marcum Wealth LLC raised its stake in Booking by 3.5% in the fourth quarter. Marcum Wealth LLC now owns 89 shares of the business services provider’s stock valued at $443,000 after purchasing an additional 3 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its position in Booking by 4.9% during the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 64 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 3 shares during the last quarter. Finally, LexAurum Advisors LLC grew its stake in Booking by 6.0% in the 4th quarter. LexAurum Advisors LLC now owns 53 shares of the business services provider’s stock worth $263,000 after buying an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

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

Booking Trading Down 2.6 %

Booking stock opened at $4,494.64 on Friday. The company has a market capitalization of $147.49 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. The business’s fifty day simple moving average is $4,717.39 and its two-hundred day simple moving average is $4,763.18. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share (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 for the quarter, compared to analysts’ expectations of $5.18 billion. On average, equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $9.60 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $38.40 annualized dividend and a yield of 0.85%. This is a boost 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.