Nissay Asset Management Corp Japan ADV Has $37.75 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Nissay Asset Management Corp Japan ADV lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,494 shares of the business services provider's stock after purchasing an additional 327 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Booking were worth $37,750,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Booking in the 4th quarter worth $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking in the fourth quarter worth about $25,000. Summit Securities Group LLC bought a new stake in Booking in the fourth quarter worth about $30,000. Bernard Wealth Management Corp. acquired a new stake in Booking in the 4th quarter valued at about $30,000. Finally, Promus Capital LLC bought a new position in shares of Booking during the 4th quarter valued at about $35,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Up 0.5%

Shares of NASDAQ:BKNG traded up $25.53 on Monday, reaching $5,342.60. The company had a trading volume of 64,477 shares, compared to its average volume of 281,539. The stock has a market capitalization of $173.85 billion, a P/E ratio of 30.88, a P/E/G ratio of 1.71 and a beta of 1.42. The stock has a 50-day moving average price of $4,735.30 and a 200 day moving average price of $4,881.13. Booking Holdings Inc. has a twelve month low of $3,180.00 and a twelve month high of $5,355.00.

Booking (NASDAQ:BKNG - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $4.58 billion. During the same period in the previous year, the company earned $20.39 EPS. The company's revenue for the quarter was up 7.9% on a year-over-year basis. On average, sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 annualized dividend and a yield of 0.72%. Booking's dividend payout ratio (DPR) is presently 23.89%.

Analysts Set New Price Targets

BKNG has been the topic of a number of research reports. Piper Sandler dropped their target price on shares of Booking from $5,120.00 to $5,077.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. StockNews.com raised Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. B. Riley raised their price objective on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. BTIG Research upgraded Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a report on Friday, April 4th. Finally, JMP Securities upped their target price on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a report on Wednesday, April 30th. Ten equities 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.