First American Trust FSB Has $8.07 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

First American Trust FSB lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,625 shares of the business services provider’s stock after selling 30 shares during the quarter. First American Trust FSB’s holdings in Booking were worth $8,073,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Booking during the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Booking during the 4th quarter valued at $25,000. Promus Capital LLC purchased a new position in shares of Booking during the 4th quarter valued at $35,000. Valley National Advisers Inc. increased its stake in shares of Booking by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after acquiring an additional 6 shares during the last quarter. Finally, Roxbury Financial LLC purchased a new stake in shares of Booking during the fourth quarter worth $42,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Piper Sandler restated a “neutral” rating and issued a $5,120.00 target price (up previously from $4,900.00) on shares of Booking in a research note on Friday, February 21st. Oppenheimer boosted their price target on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Erste Group Bank downgraded Booking from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Bank of America lifted their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, Benchmark increased their price target on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Stock Up 2.0 %

Booking stock opened at $4,709.72 on Tuesday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a market cap of $154.55 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. The business has a 50 day moving average price of $4,788.52 and a two-hundred day moving average price of $4,713.79.

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

Booking Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.82%. This is a boost from Booking’s previous quarterly dividend of $8.75. Booking’s payout ratio is presently 22.19%.

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.