Intrust Bank NA Buys 13 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Intrust Bank NA increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 642 shares of the business services provider’s stock after buying an additional 13 shares during the quarter. Intrust Bank NA’s holdings in Booking were worth $3,190,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Booking in the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new position in Booking during the 4th quarter valued at about $25,000. Promus Capital LLC acquired a new position in Booking in the fourth quarter valued at about $35,000. Valley National Advisers Inc. grew its stake in Booking by 600.0% during the fourth 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 acquired a new stake in shares of Booking during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target on Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Wedbush increased their target price on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Royal Bank of Canada upped their price target on shares of Booking from $5,250.00 to $5,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Morgan Stanley raised their price objective on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Finally, Oppenheimer increased their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Ten 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, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Trading Down 2.5 %

BKNG opened at $4,634.24 on Friday. The stock has a market capitalization of $152.07 billion, a P/E ratio of 26.78, a P/E/G ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm’s fifty day simple moving average is $4,779.09 and its 200 day simple moving average is $4,727.45.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. On average, equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $9.60 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.83%. 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.