M&T Bank Corp Sells 321 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

M&T Bank Corp decreased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 12,519 shares of the business services provider’s stock after selling 321 shares during the period. M&T Bank Corp’s holdings in Booking were worth $62,200,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Booking in the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC acquired a new position in Booking in the 4th quarter worth about $25,000. Valley National Advisers Inc. increased its stake 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 buying an additional 6 shares during the period. Addison Advisors LLC increased its stake 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 buying an additional 4 shares during the period. Finally, Roxbury Financial LLC acquired a new stake in Booking during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the topic of several recent research reports. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday. UBS Group increased their price target on Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a research report on Friday, February 21st. B. Riley raised their target price on Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Oppenheimer lifted their price target on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Morgan Stanley lifted their price objective on Booking from $4,600.00 to $5,000.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. 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 stock. According to MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Trading Down 1.0 %

Shares of NASDAQ:BKNG opened at $4,898.40 on Wednesday. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The company has a 50-day moving average price of $4,891.96 and a 200 day moving average price of $4,640.74. The company has a market cap of $160.74 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. The company had revenue of $5.47 billion during 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%. As a group, equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio is 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.