Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.8% during the fourth quarter, HoldingsChannel reports. The fund owned 2,394 shares of the business services provider’s stock after selling 122 shares during the period. CIBC Private Wealth Group LLC’s holdings in Booking were worth $11,665,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking during the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking during the 4th quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new stake in shares of Booking during the 4th quarter worth approximately $30,000. Valley National Advisers Inc. boosted its stake in shares of Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after acquiring an additional 6 shares in the last quarter. Finally, Promus Capital LLC acquired a new stake in shares of Booking in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on BKNG shares. Benchmark boosted their target price on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Friday. Piper Sandler restated a “neutral” rating and set a $5,120.00 target price (up previously from $4,900.00) on shares of Booking in a research report on Friday, February 21st. 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. Finally, Cfra raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Stock Down 0.6 %

Shares of BKNG opened at $4,606.91 on Tuesday. The firm has a market cap of $151.18 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.71 and a beta of 1.40. The business’s 50 day moving average is $4,772.70 and its two-hundred day moving average is $4,745.26. 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 posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.82 by $5.73. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. On average, equities analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.83%. This is an increase from Booking’s previous quarterly dividend of $8.75. The ex-dividend date was Friday, March 7th. Booking’s dividend payout ratio (DPR) is 22.19%.

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.