Simmons Bank Has $3.71 Million Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Simmons Bank trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 747 shares of the business services provider’s stock after selling 33 shares during the quarter. Simmons Bank’s holdings in Booking were worth $3,711,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Booking during the fourth quarter worth $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking during the fourth quarter worth $25,000. Valley National Advisers Inc. grew its position 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 valued at $36,000 after purchasing an additional 6 shares during the last quarter. Addison Advisors LLC grew its position in shares of Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. grew its position in shares of Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 4 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BKNG has been the topic of several research analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $5,400.00 price target on shares of Booking in a research report on Wednesday, December 11th. Mizuho raised their price target on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a research report on Monday. 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 research report on Friday, February 21st. Finally, Susquehanna lifted their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Stock Up 0.0 %

NASDAQ:BKNG opened at $5,034.55 on Thursday. The firm has a market cap of $165.21 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.71 and a beta of 1.39. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The company’s 50-day moving average price is $4,900.68 and its two-hundred day moving average price is $4,594.68.

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

Booking Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.76%. This is a positive change from Booking’s previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio is presently 22.19%.

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.