Keybank National Association OH Decreases Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Keybank National Association OH cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,909 shares of the business services provider’s stock after selling 182 shares during the quarter. Keybank National Association OH’s holdings in Booking were worth $59,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BKNG. Chicago Partners Investment Group LLC purchased a new position in shares of Booking in the third quarter worth $315,000. Carmichael Hill & Associates Inc. increased its position in shares of Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 4 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Booking by 6.3% during the third quarter. Janney Montgomery Scott LLC now owns 2,357 shares of the business services provider’s stock valued at $9,928,000 after acquiring an additional 139 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Booking by 1.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,137 shares of the business services provider’s stock valued at $4,789,000 after purchasing an additional 14 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Booking by 0.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 90,510 shares of the business services provider’s stock worth $381,239,000 after buying an additional 653 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. DA Davidson upped their price objective 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. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, UBS Group upped their target price 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 equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Stock Performance

Booking stock opened at $4,946.15 on Tuesday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The stock has a market cap of $162.31 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.71 and a beta of 1.39. The stock has a 50-day moving average of $4,896.45 and a two-hundred day moving average of $4,631.73.

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

Booking Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.78%. This is a positive change from Booking’s previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio (DPR) is 22.19%.

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.