Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 140 shares of the business services provider’s stock after selling 26 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Booking were worth $696,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mogy Joel R Investment Counsel Inc. increased its holdings in shares of Booking by 16.4% during the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock valued at $9,321,000 after purchasing an additional 264 shares during the period. Nations Financial Group Inc. IA ADV raised its position in Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after acquiring an additional 334 shares in the last quarter. Nordea Investment Management AB raised its position in Booking by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after acquiring an additional 8,735 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in Booking by 6.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock worth $29,160,000 after acquiring an additional 368 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after acquiring an additional 2,010 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $4,917.46 on Thursday. The stock has a market cap of $161.37 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.71 and a beta of 1.39. The business has a 50 day simple moving average of $4,887.85 and a 200 day simple moving average of $4,642.68. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24.

Booking (NASDAQ:BKNG) last announced 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 business 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 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 will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued 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 yield of 0.78%. The ex-dividend date is Friday, March 7th. Booking’s payout ratio is 22.19%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BKNG shares. JMP Securities reiterated a “market outperform” rating and issued a $5,400.00 price target on shares of Booking in a research report on Wednesday, December 11th. B. Riley boosted their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Bank of America lifted their price target on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, Wedbush lifted their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus target price 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.