Nixon Peabody Trust Co. Sells 1,618 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Nixon Peabody Trust Co. lowered its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 31.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,523 shares of the business services provider's stock after selling 1,618 shares during the quarter. Booking comprises about 1.4% of Nixon Peabody Trust Co.'s investment portfolio, making the stock its 24th biggest position. Nixon Peabody Trust Co.'s holdings in Booking were worth $16,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Summit Securities Group LLC bought a new position in Booking in the 4th quarter worth $30,000. Bernard Wealth Management Corp. bought a new position in shares of Booking in the fourth quarter worth about $30,000. Promus Capital LLC acquired a new position in shares of Booking during the 4th quarter worth about $35,000. Valley National Advisers Inc. boosted its stake in Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock valued at $36,000 after purchasing an additional 6 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in Booking in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BKNG. Wells Fargo & Company upped their target price on shares of Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price objective for the company in a research report on Friday, April 4th. Wall Street Zen raised Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $5,900.00 price target on shares of Booking in a report on Wednesday, April 30th. Finally, Cfra upgraded Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Ten investment 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. Based on data from MarketBeat.com, Booking has a consensus rating of "Moderate Buy" and a consensus target price of $5,377.33.

Booking Stock Performance

Shares of NASDAQ BKNG traded up $13.52 during mid-day trading on Thursday, reaching $5,570.52. The company had a trading volume of 185,629 shares, compared to its average volume of 246,428. The firm has a market cap of $181.26 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 1.71 and a beta of 1.42. The business's 50-day simple moving average is $4,952.45 and its 200 day simple moving average is $4,925.27. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,637.02.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $20.39 EPS. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio (DPR) is presently 23.89%.

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.