Gibraltar Capital Management Inc. Sells 301 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Gibraltar Capital Management Inc. lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 14.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,830 shares of the business services provider’s stock after selling 301 shares during the period. Booking comprises about 4.0% of Gibraltar Capital Management Inc.’s holdings, making the stock its 7th biggest position. Gibraltar Capital Management Inc.’s holdings in Booking were worth $9,093,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Booking by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock valued at $3,350,605,000 after acquiring an additional 11,211 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Booking by 0.5% during the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after purchasing an additional 2,321 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Booking by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock valued at $1,763,797,000 after purchasing an additional 13,429 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Booking by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after buying an additional 11,649 shares in the last quarter. Finally, Icon Wealth Advisors LLC raised its holdings in shares of Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after buying an additional 233,052 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Down 0.3 %

Shares of NASDAQ:BKNG opened at $5,033.83 on Wednesday. The firm has a market cap of $165.16 billion, a price-to-earnings ratio of 29.09, a PEG 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. The company’s fifty day simple moving average is $4,898.86 and its 200 day simple moving average is $4,591.58.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $5.18 billion. Research 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $9.60 dividend. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.76%. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio is currently 20.23%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BKNG shares. Bank of America boosted their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. DA Davidson boosted their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Cantor Fitzgerald boosted their target price on Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Finally, Susquehanna raised their price target on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently 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.