BankPlus Trust Department Makes New $65,000 Investment in Booking Holdings Inc. (NASDAQ:BKNG)

BankPlus Trust Department bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 13 shares of the business services provider’s stock, valued at approximately $65,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Garner Asset Management Corp raised its stake in shares of Booking by 0.8% in the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after buying an additional 2 shares in the last quarter. Optimist Retirement Group LLC grew its holdings in shares of Booking by 2.2% during the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after buying an additional 2 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Booking by 1.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 290 shares of the business services provider’s stock valued at $1,258,000 after buying an additional 3 shares in the last quarter. Seascape Capital Management grew its holdings in shares of Booking by 0.3% during the third quarter. Seascape Capital Management now owns 1,007 shares of the business services provider’s stock valued at $4,242,000 after buying an additional 3 shares in the last quarter. Finally, D Orazio & Associates Inc. grew its holdings in shares of Booking by 3.2% during the third quarter. D Orazio & Associates Inc. now owns 96 shares of the business services provider’s stock valued at $405,000 after buying an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on BKNG. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Piper Sandler restated a “neutral” rating and issued a $5,120.00 target price (up previously from $4,900.00) on shares of Booking in a research note on Friday, February 21st. Bank of America boosted their target price on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Tigress Financial boosted their price target on Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 18th. Finally, Susquehanna boosted their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Stock Down 0.3 %

Booking stock opened at $5,033.83 on Wednesday. The business has a 50 day moving average price of $4,898.86 and a two-hundred day moving average price of $4,591.58. The stock has a market cap of $165.16 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 1.71 and a beta of 1.39. 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 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. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. On average, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $9.60 dividend. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio is currently 20.23%.

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.