JARISLOWSKY FRASER Ltd Sells 104 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

JARISLOWSKY FRASER Ltd lowered its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,863 shares of the business services provider's stock after selling 104 shares during the period. JARISLOWSKY FRASER Ltd's holdings in Booking were worth $9,256,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Booking during the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new position in shares of Booking during the 4th quarter valued at $25,000. Summit Securities Group LLC bought a new position in shares of Booking during the 4th quarter valued at $30,000. Bernard Wealth Management Corp. bought a new position in shares of Booking during the 4th quarter valued at $30,000. Finally, Valley National Advisers Inc. grew its holdings in shares of 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 last quarter. Institutional investors own 92.42% of the company's stock.

Booking Stock Performance

Shares of BKNG traded down $45.87 during mid-day trading on Wednesday, hitting $5,216.55. 195,520 shares of the company traded hands, compared to its average volume of 248,452. The stock has a 50-day moving average price of $4,700.30 and a two-hundred day moving average price of $4,864.57. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The stock has a market cap of $169.75 billion, a price-to-earnings ratio of 30.15, a P/E/G ratio of 1.71 and a beta of 1.42.

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

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.74%. Booking's dividend payout ratio (DPR) is 23.89%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BKNG shares. Royal Bank of Canada reissued an "outperform" rating and issued a $5,900.00 price target on shares of Booking in a report on Wednesday, April 30th. Citigroup raised their price target on shares of Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a report on Friday, February 21st. BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. cut their price target on shares of Booking from $5,750.00 to $4,850.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, 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. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $5,299.29.

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.