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

M&T Bank Corp lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Booking in the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC bought a new position in Booking in the fourth quarter valued at $25,000. Valley National Advisers Inc. boosted its position in Booking by 600.0% during 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 raised its stake in shares of Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 4 shares during the last quarter. Finally, Roxbury Financial LLC bought a new position in Booking in the 4th quarter worth $42,000. Institutional investors own 92.42% of the company’s stock.

Booking Trading Down 1.0 %

Shares of BKNG opened at $4,898.40 on Wednesday. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The business’s 50-day moving average price is $4,891.96 and its 200 day moving average price is $4,640.74. The stock has a market capitalization of $160.74 billion, a P/E ratio of 28.31, a P/E/G ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last posted 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 during the quarter, compared to analyst estimates of $5.18 billion. On average, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $9.60 per share. 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%. The ex-dividend date is Friday, March 7th. Booking’s dividend payout ratio is currently 22.19%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BKNG. Wells Fargo & Company lifted their price objective on Booking from $4,470.00 to $5,248.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Wedbush raised their price objective on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. JMP Securities reissued a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a research note on Wednesday, December 11th. Oppenheimer lifted their price objective on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, DA Davidson lifted their price objective on Booking from $5,005.00 to $5,800.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,370.43.

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.