Intrust Bank NA Has $3.19 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Intrust Bank NA lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 642 shares of the business services provider’s stock after purchasing an additional 13 shares during the period. Intrust Bank NA’s holdings in Booking were worth $3,190,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking during the 4th quarter worth about $25,000. New Wave Wealth Advisors LLC bought a new position in Booking during the fourth quarter worth about $25,000. Promus Capital LLC acquired a new position in Booking during the fourth quarter worth approximately $35,000. Valley National Advisers Inc. raised its stake in Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock valued at $36,000 after buying an additional 6 shares during the period. Finally, Roxbury Financial LLC acquired a new stake in shares of Booking in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Cantor Fitzgerald upped their price objective on shares of Booking from $4,900.00 to $5,540.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Erste Group Bank lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Royal Bank of Canada lifted their target price on shares of Booking from $5,250.00 to $5,900.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Finally, Morgan Stanley increased their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Down 2.5 %

NASDAQ:BKNG opened at $4,634.24 on Friday. The firm has a market capitalization of $152.07 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The stock’s 50-day simple moving average is $4,779.09 and its 200 day simple moving average is $4,727.45.

Booking (NASDAQ:BKNG) last announced 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 company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. On average, analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

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