UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.40 Billion Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,633 shares of the business services provider’s stock after selling 14,966 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.85% of Booking worth $1,399,271,000 at the end of the most recent reporting period.

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

Booking Price Performance

Shares of NASDAQ BKNG opened at $5,378.00 on Tuesday. The firm has a market cap of $175.00 billion, a price-to-earnings ratio of 31.08, a P/E/G ratio of 1.71 and a beta of 1.42. The stock’s fifty day moving average price is $4,754.85 and its two-hundred day moving average price is $4,885.53. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,392.21.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. The business had revenue of $4.76 billion during 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 firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $20.39 earnings per share. On average, equities analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio (DPR) is presently 23.89%.

Analyst Ratings Changes

BKNG has been the subject of several research reports. Morgan Stanley lowered their price objective 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. BMO Capital Markets boosted their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price objective on Booking from $5,750.00 to $4,850.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. DA Davidson raised their price target on Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Citigroup raised their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.