Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. reduced its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,142 shares of the business services provider's stock after selling 130 shares during the period. Logan Capital Management Inc.'s holdings in Booking were worth $10,642,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking in the 4th quarter worth about $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking in the 4th quarter worth approximately $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 stake in shares of Booking in the fourth quarter worth $30,000. Finally, Valley National Advisers Inc. lifted its holdings in Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock valued at $36,000 after acquiring an additional 6 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Performance

NASDAQ:BKNG traded up $21.19 during midday trading on Thursday, reaching $5,237.74. 155,597 shares of the stock traded hands, compared to its average volume of 248,304. The stock has a market capitalization of $170.44 billion, a PE ratio of 30.27, a price-to-earnings-growth 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 $5,337.24. The business has a 50-day moving average of $4,700.30 and a two-hundred day moving average of $4,864.57.

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

Booking Announces Dividend

The business also recently announced 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 of this dividend is Friday, June 6th. Booking's dividend payout ratio is presently 23.89%.

Analyst Ratings Changes

BKNG has been the subject of several research reports. Morgan Stanley reduced 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 research report on Thursday, April 17th. Benchmark lifted their target price on Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JMP Securities raised their price objective 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. Robert W. Baird boosted their price objective on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $5,900.00 target price on shares of Booking in a research note on Wednesday, April 30th. Ten 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5,299.29.

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.