Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 15.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 140 shares of the business services provider’s stock after selling 26 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Booking were worth $696,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Garner Asset Management Corp increased its position in Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after purchasing an additional 2 shares in the last quarter. Optimist Retirement Group LLC increased its position in Booking by 2.2% during the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after purchasing an additional 2 shares in the last quarter. Seascape Capital Management increased its position in Booking by 0.3% during the 3rd quarter. Seascape Capital Management now owns 1,007 shares of the business services provider’s stock worth $4,242,000 after purchasing an additional 3 shares in the last quarter. D Orazio & Associates Inc. increased its position in Booking by 3.2% during the 3rd quarter. D Orazio & Associates Inc. now owns 96 shares of the business services provider’s stock worth $405,000 after purchasing an additional 3 shares in the last quarter. Finally, Nicolet Advisory Services LLC increased its position in Booking by 1.3% during the 3rd quarter. Nicolet Advisory Services LLC now owns 241 shares of the business services provider’s stock worth $989,000 after purchasing an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of analyst reports. DA Davidson upped their price target on Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Piper Sandler restated a “neutral” rating and issued a $5,120.00 price target (up previously from $4,900.00) on shares of Booking in a report on Friday, February 21st. Mizuho upped their price target on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Truist Financial upped their price target on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, UBS Group upped their price target on Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Nine research 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5,370.43.

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,917.46 on Thursday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The business’s fifty day moving average price is $4,887.85 and its two-hundred day moving average price is $4,642.68. The firm has a market capitalization of $161.37 billion, a PE ratio of 28.42, a P/E/G ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last issued 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. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $9.60 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 annualized dividend and a yield of 0.78%. Booking’s dividend payout ratio (DPR) is currently 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.