Mn Services Vermogensbeheer B.V. Has $69.07 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Mn Services Vermogensbeheer B.V. grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,902 shares of the business services provider’s stock after purchasing an additional 300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Booking were worth $69,071,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Mogy Joel R Investment Counsel Inc. increased its stake in Booking by 16.4% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock valued at $9,321,000 after buying an additional 264 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after acquiring an additional 334 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Booking by 5.1% in the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after acquiring an additional 8,735 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in Booking by 6.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock worth $29,160,000 after acquiring an additional 368 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Booking by 5.3% during the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after purchasing an additional 2,010 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

BKNG opened at $5,034.55 on Thursday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The firm has a market cap of $165.21 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 1.71 and a beta of 1.39. The business’s fifty day moving average is $4,900.68 and its 200-day moving average is $4,594.68.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, topping the consensus estimate of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. On average, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.76%. This is a boost from Booking’s previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio (DPR) is 22.19%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Susquehanna boosted their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a research report on Wednesday, December 11th. Mizuho increased their price target on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. UBS Group boosted their price objective on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group raised their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5,370.43.

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.