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

Toronto Dominion Bank boosted its holdings 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 Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking during the fourth quarter worth about $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking during the fourth quarter worth about $25,000. Summit Securities Group LLC bought a new stake in Booking during the fourth quarter worth about $30,000. Bernard Wealth Management Corp. bought a new stake in Booking during the fourth quarter worth about $30,000. Finally, Promus Capital LLC bought a new stake in Booking during the fourth quarter worth about $35,000. Institutional investors own 92.42% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BKNG shares. Morgan Stanley lowered their price target on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Citigroup boosted their target price on Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Cfra raised Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. DA Davidson lifted their price objective on Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Cantor Fitzgerald cut their target price on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Ten research 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 company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $5,299.29.

Booking Stock Up 0.4%

Shares of BKNG stock traded up $23.52 on Wednesday, reaching $5,475.26. The company's stock had a trading volume of 188,562 shares, compared to its average volume of 247,577. The stock's 50 day simple moving average is $4,856.58 and its 200-day simple moving average is $4,903.73. The company has a market capitalization of $178.16 billion, a P/E ratio of 31.64, a PEG ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,505.28.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The firm had revenue of $4.76 billion for 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 company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $20.39 earnings per share. Research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, June 6th. Booking's payout ratio is presently 23.89%.

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.