Atlantic Union Bankshares Corp Has $15.39 Million Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Atlantic Union Bankshares Corp lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,098 shares of the business services provider’s stock after acquiring an additional 322 shares during the quarter. Booking comprises approximately 0.9% of Atlantic Union Bankshares Corp’s holdings, making the stock its 26th largest position. Atlantic Union Bankshares Corp’s holdings in Booking were worth $15,392,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BKNG. Garner Asset Management Corp boosted its stake in shares of Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after buying an additional 2 shares during the period. Optimist Retirement Group LLC boosted its stake in shares of Booking by 2.2% in the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after buying an additional 2 shares during the period. Seascape Capital Management boosted its stake in shares of Booking by 0.3% in the third quarter. Seascape Capital Management now owns 1,007 shares of the business services provider’s stock valued at $4,242,000 after buying an additional 3 shares during the period. D Orazio & Associates Inc. boosted its stake in shares of Booking by 3.2% in the third quarter. D Orazio & Associates Inc. now owns 96 shares of the business services provider’s stock valued at $405,000 after buying an additional 3 shares during the period. Finally, Raymond James Trust N.A. raised its position in Booking by 0.5% during the third quarter. Raymond James Trust N.A. now owns 662 shares of the business services provider’s stock valued at $2,788,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

NASDAQ:BKNG opened at $4,673.38 on Friday. The firm has a market cap of $153.36 billion, a P/E ratio of 27.01, a P/E/G ratio of 1.71 and a beta of 1.40. The firm has a 50-day simple moving average of $4,872.56 and a 200-day simple moving average of $4,649.79. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24.

Booking (NASDAQ:BKNG) last released its earnings results 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. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. On average, research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $9.60 dividend. This is an increase from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio is 22.19%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several research analyst reports. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. UBS Group increased their price objective on Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a report on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on shares of Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Piper Sandler reissued a “neutral” rating and set a $5,120.00 target price (up previously from $4,900.00) on shares of Booking in a research report on Friday, February 21st. Finally, Morgan Stanley boosted their target price on shares of Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5,370.43.

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.