Booking Holdings Inc. (NASDAQ:BKNG) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,763 shares of the business services provider’s stock after selling 10 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Booking were worth $12,729,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC increased its stake in Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after acquiring an additional 65 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Booking during the 4th quarter worth about $209,000. Thompson Investment Management Inc. acquired a new stake in Booking during the 4th quarter worth approximately $75,000. Quotient Wealth Partners LLC raised its holdings in Booking by 11.5% in the fourth quarter. Quotient Wealth Partners LLC now owns 107 shares of the business services provider’s stock valued at $533,000 after buying an additional 11 shares during the period. Finally, Angeles Wealth Management LLC lifted its position in Booking by 2.6% during the fourth quarter. Angeles Wealth Management LLC now owns 233 shares of the business services provider’s stock valued at $1,158,000 after buying an additional 6 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BKNG. Benchmark increased their price objective on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Wells Fargo & Company increased their price target on Booking from $4,567.00 to $4,692.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Cantor Fitzgerald reduced their price objective on Booking from $5,540.00 to $4,330.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Finally, Robert W. Baird upped their price target on Booking from $5,550.00 to $5,700.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $5,388.37.

Booking Stock Performance

Booking stock opened at $5,539.41 on Tuesday. The firm has a market capitalization of $180.25 billion, a P/E ratio of 32.01, a P/E/G ratio of 1.71 and a beta of 1.41. The company has a 50-day simple moving average of $5,007.30 and a 200-day simple moving average of $4,933.57. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,639.70.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, beating the consensus estimate of $17.57 by $7.24. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Booking’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $20.39 earnings per share. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, June 6th. Booking’s payout ratio is currently 23.89%.

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.