City National Bank of Florida MSD Makes New $616,000 Investment in Booking Holdings Inc. (NASDAQ:BKNG)

City National Bank of Florida MSD purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 124 shares of the business services provider's stock, valued at approximately $616,000.

Several other institutional investors also recently made changes to their positions in BKNG. JT Stratford LLC purchased a new stake in Booking in the 4th quarter worth approximately $238,000. Orion Capital Management LLC acquired a new stake in shares of Booking during the fourth quarter worth $174,000. Monograph Wealth Advisors LLC purchased a new stake in shares of Booking in the fourth quarter valued at $497,000. Novem Group acquired a new position in Booking in the fourth quarter valued at $373,000. Finally, Elequin Capital LP lifted its position in Booking by 20.0% during the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after buying an additional 2 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Down 0.3%

Shares of NASDAQ:BKNG opened at $5,293.31 on Thursday. The company has a market cap of $172.24 billion, a PE ratio of 30.59, a P/E/G ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,379.98. The firm has a 50-day simple moving average of $4,791.71 and a 200 day simple moving average of $4,891.27.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same period last year, the firm posted $20.39 earnings per share. The business's revenue was up 7.9% on a year-over-year basis. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. The ex-dividend date is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.73%. Booking's dividend payout ratio (DPR) is currently 23.89%.

Analysts Set New Price Targets

A number of analysts have recently commented on BKNG shares. Barclays upped their price objective on Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Robert W. Baird raised their price objective on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Royal Bank of Canada restated an "outperform" rating and set a $5,900.00 price objective on shares of Booking in a research note on Wednesday, April 30th. Piper Sandler lowered their target price on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Erste Group Bank downgraded Booking from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and a consensus target price of $5,299.29.

About Booking

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.

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