Toronto Dominion Bank Acquires 2,276 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Toronto Dominion Bank boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,316 shares of the business services provider's stock after purchasing an additional 2,276 shares during the period. Toronto Dominion Bank's holdings in Booking were worth $76,093,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Booking in the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking in the 4th quarter valued at approximately $25,000. Summit Securities Group LLC bought a new position in Booking in the fourth quarter worth $30,000. Bernard Wealth Management Corp. acquired a new stake in shares of Booking during the 4th quarter valued at about $30,000. Finally, Valley National Advisers Inc. raised its holdings in shares of Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after buying an additional 6 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of BKNG stock traded down $17.37 during midday trading on Wednesday, hitting $5,293.31. 130,890 shares of the company were exchanged, compared to its average volume of 247,616. 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 market capitalization of $172.24 billion, a P/E ratio of 30.59, a PEG ratio of 1.71 and a beta of 1.42. The firm's 50 day moving average price is $4,775.16 and its two-hundred day moving average price is $4,888.48.

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

Booking Dividend Announcement

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 given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.73%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is 23.89%.

Analysts Set New Price Targets

BKNG has been the topic of several research analyst reports. StockNews.com raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Cfra raised Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. JMP Securities increased their target price on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a research report on Friday, April 4th. Finally, UBS Group reduced their price target on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $5,299.29.

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.