City National Bank of Florida MSD Invests $616,000 in Booking Holdings Inc. (NASDAQ:BKNG)

City National Bank of Florida MSD purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 124 shares of the business services provider’s stock, valued at approximately $616,000.

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

Wall Street Analysts Forecast Growth

BKNG has been the topic of several analyst reports. Wells Fargo & Company increased their target price on Booking from $4,567.00 to $4,692.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Citigroup increased their target price on Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Piper Sandler cut their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. BMO Capital Markets increased their target price on Booking from $5,000.00 to $5,700.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Finally, Erste Group Bank lowered Booking from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Ten equities research 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. According to MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average target price of $5,299.29.

Booking Stock Performance

Shares of BKNG opened at $5,293.31 on Thursday. The firm has a market cap of $172.24 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,379.98. The business’s 50 day moving average price is $4,791.71 and its two-hundred day moving average price is $4,891.27.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $17.57 by $7.24. The company had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Booking’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $20.39 EPS. Research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 annualized dividend and a dividend yield of 0.73%. Booking’s dividend payout ratio is currently 23.89%.

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.