Montecito Bank & Trust Has $1.68 Million Position in Booking Holdings Inc. (NASDAQ:BKNG)

Montecito Bank & Trust raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 16.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 364 shares of the business services provider's stock after buying an additional 52 shares during the quarter. Montecito Bank & Trust's holdings in Booking were worth $1,677,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BKNG. Brighton Jones LLC grew its position in shares of Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after buying an additional 65 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Booking during the 4th quarter worth about $209,000. Van ECK Associates Corp grew its position in shares of Booking by 3.3% during the 4th quarter. Van ECK Associates Corp now owns 963 shares of the business services provider's stock worth $4,785,000 after buying an additional 31 shares during the period. Aveo Capital Partners LLC bought a new position in shares of Booking during the 4th quarter valued at about $383,000. Finally, Roxbury Financial LLC bought a new position in shares of Booking during the 4th quarter valued at about $42,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Down 3.0%

BKNG stock opened at $5,298.38 on Monday. The firm has a market capitalization of $172.41 billion, a PE ratio of 30.62, a PEG ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,639.70. The business's 50 day simple moving average is $5,098.72 and its 200 day simple moving average is $4,940.18.

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

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio is 23.89%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group cut their price objective on Booking from $5,960.00 to $5,557.00 and set a "buy" rating on the stock in a report on Monday, April 28th. JMP Securities lifted their price objective on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. Robert W. Baird lifted their price objective on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. DA Davidson lifted their price objective on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Piper Sandler cut their price objective on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and a consensus target price of $5,388.37.

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.

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