New York Life Investment Management LLC Sells 20 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

New York Life Investment Management LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,442 shares of the business services provider’s stock after selling 20 shares during the period. New York Life Investment Management LLC’s holdings in Booking were worth $22,070,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BKNG. Pallas Capital Advisors LLC raised its stake in Booking by 36.5% in the third quarter. Pallas Capital Advisors LLC now owns 277 shares of the business services provider’s stock worth $1,202,000 after buying an additional 74 shares in the last quarter. Integrated Advisors Network LLC raised its stake in Booking by 1.8% in the third quarter. Integrated Advisors Network LLC now owns 276 shares of the business services provider’s stock worth $1,163,000 after buying an additional 5 shares in the last quarter. Diversify Advisory Services LLC raised its stake in Booking by 7.8% in the third quarter. Diversify Advisory Services LLC now owns 69 shares of the business services provider’s stock worth $302,000 after buying an additional 5 shares in the last quarter. Fidelis Capital Partners LLC raised its stake in Booking by 6.4% in the third quarter. Fidelis Capital Partners LLC now owns 149 shares of the business services provider’s stock worth $643,000 after buying an additional 9 shares in the last quarter. Finally, Deltec Asset Management LLC raised its stake in Booking by 70.9% in the third quarter. Deltec Asset Management LLC now owns 786 shares of the business services provider’s stock worth $3,311,000 after buying an additional 326 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on BKNG. B. Riley upped their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the stock a “buy” rating in a report on Friday, February 21st. UBS Group upped their price objective on shares of Booking from $5,560.00 to $5,960.00 and gave the stock a “buy” rating in a report on Friday, February 21st. BMO Capital Markets upped their price objective on shares of Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Mizuho upped their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Citigroup upped their price objective on shares of Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Stock Performance

Shares of Booking stock opened at $5,034.55 on Thursday. The stock’s fifty day moving average is $4,900.68 and its 200 day moving average is $4,594.68. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The stock has a market cap of $165.21 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate of $35.82 by $5.73. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a 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 currently 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.