Inspire Trust Co. N.A. Has $1.99 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Inspire Trust Co. N.A. decreased its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 400 shares of the business services provider's stock after selling 59 shares during the period. Inspire Trust Co. N.A.'s holdings in Booking were worth $1,987,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC increased its holdings in Booking by 621,874.8% in the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock worth $4,295,423,000 after purchasing an additional 864,406 shares in the last quarter. Norges Bank acquired a new stake in shares of Booking during the 4th quarter worth approximately $1,958,352,000. Arrowstreet Capital Limited Partnership grew its position in shares of Booking by 51.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock worth $1,394,283,000 after buying an additional 95,308 shares during the period. Northern Trust Corp increased its stake in shares of Booking by 18.8% in the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after acquiring an additional 58,357 shares in the last quarter. Finally, Winslow Capital Management LLC lifted its position in shares of Booking by 132.7% during the 4th quarter. Winslow Capital Management LLC now owns 88,754 shares of the business services provider's stock valued at $440,967,000 after acquiring an additional 50,605 shares during the period. Institutional investors own 92.42% of the company's stock.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of research reports. DA Davidson raised their price target on shares of Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Piper Sandler reduced 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. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price for the company in a research report on Friday, April 4th. Wells Fargo & Company upped their price target on Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $5,900.00 price objective on shares of Booking in a research note on Wednesday, April 30th. Ten 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 stock. According to data from MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and an average price target of $5,299.29.

Booking Stock Performance

NASDAQ:BKNG opened at $5,293.31 on Thursday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,379.98. The firm has a 50-day moving average price of $4,791.71 and a two-hundred day moving average price of $4,891.27. The firm has a market cap of $172.24 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42.

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

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio is 23.89%.

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.

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