Simmons Bank Has $3.71 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Simmons Bank reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 747 shares of the business services provider’s stock after selling 33 shares during the period. Simmons Bank’s holdings in Booking were worth $3,711,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Garner Asset Management Corp increased its position in Booking by 0.8% during the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after acquiring an additional 2 shares during the period. Optimist Retirement Group LLC increased its position in Booking by 2.2% during the third 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 period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in 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 worth $1,258,000 after acquiring an additional 3 shares during the period. Seascape Capital Management increased its position in Booking by 0.3% during the third quarter. Seascape Capital Management now owns 1,007 shares of the business services provider’s stock worth $4,242,000 after acquiring an additional 3 shares during the period. Finally, D Orazio & Associates Inc. increased its position in Booking by 3.2% during the third quarter. D Orazio & Associates Inc. now owns 96 shares of the business services provider’s stock worth $405,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

NASDAQ:BKNG opened at $5,034.55 on Thursday. The firm’s 50 day simple moving average is $4,900.68 and its 200 day simple moving average is $4,594.68. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a market cap of $165.21 billion, a PE ratio of 29.09, a P/E/G ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Equities research analysts expect 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 will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Friday, March 7th. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio is presently 22.19%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BKNG shares. UBS Group raised their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Wedbush raised their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Barclays raised their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald raised their target price on shares of Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s 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 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.