Renasant Bank Sells 5 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Renasant Bank cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49 shares of the business services provider’s stock after selling 5 shares during the quarter. Renasant Bank’s holdings in Booking were worth $243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BKNG. Proficio Capital Partners LLC grew its position in shares of Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock worth $4,295,423,000 after buying an additional 864,406 shares during the last quarter. Icon Wealth Advisors LLC lifted its position in Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after acquiring an additional 233,052 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in Booking in the fourth quarter valued at approximately $207,089,000. Bryn Mawr Capital Management LLC grew its holdings in Booking by 3,940.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 38,428 shares of the business services provider’s stock worth $190,926,000 after purchasing an additional 37,477 shares during the last quarter. Finally, Harvard Management Co. Inc. acquired a new position in shares of Booking during the third quarter worth $155,427,000. 92.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BKNG has been the topic of several research analyst reports. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Wells Fargo & Company boosted their price target on Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, March 4th. Baird R W raised shares of Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, Wedbush upped their price target on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Stock Up 4.0 %

BKNG stock opened at $4,465.48 on Friday. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The company’s 50-day simple moving average is $4,816.74 and its 200-day simple moving average is $4,671.52. The firm has a market cap of $146.53 billion, a P/E ratio of 25.81, a PEG ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $35.82 by $5.73. The company 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%. On average, analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal 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 given a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Booking’s previous quarterly dividend of $8.75. This represents a $38.40 dividend on an annualized basis and a yield of 0.86%. Booking’s dividend payout ratio is currently 22.19%.

About Booking

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.