JARISLOWSKY FRASER Ltd Has $9.26 Million Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

JARISLOWSKY FRASER Ltd lowered its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,863 shares of the business services provider’s stock after selling 104 shares during the quarter. JARISLOWSKY FRASER Ltd’s holdings in Booking were worth $9,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Booking during the 4th quarter worth about $25,000. New Wave Wealth Advisors LLC acquired a new stake in Booking in the 4th quarter worth approximately $25,000. Summit Securities Group LLC bought a new stake in Booking during the fourth quarter worth approximately $30,000. Bernard Wealth Management Corp. acquired a new position in Booking during the fourth quarter valued at approximately $30,000. Finally, Promus Capital LLC bought a new position in shares of Booking in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on BKNG. Robert W. Baird upped their price objective on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price target on shares of Booking from $5,750.00 to $4,850.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $5,900.00 price objective on shares of Booking in a research note on Wednesday, April 30th. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. Finally, B. Riley lifted their price target on Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5,299.29.

Booking Price Performance

BKNG stock opened at $5,086.10 on Friday. The business has a fifty day moving average price of $4,672.55 and a 200 day moving average price of $4,849.82. Booking Holdings Inc. has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The stock has a market capitalization of $165.50 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 1.71 and a beta of 1.42.

Booking (NASDAQ:BKNG) last released its quarterly 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. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The business had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same period in the previous year, the business posted $20.39 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio is 23.89%.

Booking Company 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.