Marshall & Sullivan Inc. WA Cuts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Marshall & Sullivan Inc. WA lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,447 shares of the business services provider’s stock after selling 82 shares during the period. Booking makes up approximately 3.5% of Marshall & Sullivan Inc. WA’s investment portfolio, making the stock its 6th biggest holding. Marshall & Sullivan Inc. WA’s holdings in Booking were worth $7,189,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC boosted its position in Booking by 13.4% during the second quarter. LPL Financial LLC now owns 12,936 shares of the business services provider’s stock valued at $51,246,000 after purchasing an additional 1,528 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in Booking in the second quarter valued at approximately $361,000. Dai ichi Life Insurance Company Ltd raised its position in Booking by 34.0% during the second quarter. Dai ichi Life Insurance Company Ltd now owns 1,336 shares of the business services provider’s stock worth $5,293,000 after acquiring an additional 339 shares during the period. Envestnet Asset Management Inc. lifted its stake in Booking by 3.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 60,861 shares of the business services provider’s stock valued at $241,100,000 after buying an additional 1,987 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Booking by 40.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,255 shares of the business services provider’s stock worth $4,972,000 after purchasing an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. DA Davidson lifted their price objective on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird initiated coverage on Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price objective for the company. Jefferies Financial Group increased their price target on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. JMP Securities reiterated a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a research note on Wednesday, December 11th. Finally, Bank of America increased their price objective on Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $4,987.04.

Booking Stock Up 0.6 %

Shares of BKNG stock traded up $30.78 during trading on Monday, reaching $4,770.33. The company’s stock had a trading volume of 135,819 shares, compared to its average volume of 214,917. The business has a fifty day moving average price of $5,060.04 and a 200-day moving average price of $4,352.76. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a market cap of $157.88 billion, a price-to-earnings ratio of 32.37, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were paid a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.73%. Booking’s dividend payout ratio is presently 23.75%.

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.