Mitsubishi UFJ Trust & Banking Corp Has $128.88 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,940 shares of the business services provider’s stock after selling 851 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Booking worth $128,881,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking in the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking in the fourth quarter valued at $25,000. Promus Capital LLC bought a new position in shares of Booking in the fourth quarter valued at about $35,000. Valley National Advisers Inc. lifted 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 buying an additional 6 shares during the last quarter. Finally, Roxbury Financial LLC bought a new stake in shares of Booking during the 4th quarter worth about $42,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BKNG has been the topic of several research reports. Wedbush upped their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a report on Wednesday, December 11th. UBS Group lifted their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Bank of America increased their price target on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Erste Group Bank cut Booking from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Eleven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,709.72 on Tuesday. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The firm has a market cap of $154.55 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. The firm’s 50 day simple moving average is $4,788.52 and its 200-day simple moving average is $4,713.79.

Booking (NASDAQ:BKNG) last issued its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $35.82 by $5.73. The company 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%. Equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.82%. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is presently 22.19%.

Booking Company 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.