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

Marshall & Sullivan Inc. WA trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 5.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,363 shares of the business services provider’s stock after selling 84 shares during the period. Booking accounts for 3.2% of Marshall & Sullivan Inc. WA’s portfolio, making the stock its 12th biggest position. Marshall & Sullivan Inc. WA’s holdings in Booking were worth $6,279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BKNG. Summit Securities Group LLC purchased a new stake in shares of Booking in the fourth quarter worth $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Booking in the fourth quarter worth $30,000. Valley National Advisers Inc. grew 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 worth $36,000 after acquiring an additional 6 shares during the last quarter. Promus Capital LLC purchased a new stake in shares of Booking in the fourth quarter worth $35,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Booking in the fourth quarter worth $42,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BKNG has been the topic of a number of recent research reports. Benchmark increased their target price on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. BTIG Research raised Booking from a “neutral” rating to a “buy” rating and set a $5,500.00 price objective on the stock in a research report on Friday, April 4th. JPMorgan Chase & Co. dropped their price objective on Booking from $5,750.00 to $4,850.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Erste Group Bank downgraded Booking from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, BMO Capital Markets increased their target price on Booking from $5,000.00 to $5,700.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $5,299.29.

Booking Stock Up 0.4%

NASDAQ BKNG opened at $5,538.91 on Tuesday. The stock’s 50-day moving average price is $4,919.55 and its 200-day moving average price is $4,917.01. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,544.43. The company has a market capitalization of $180.24 billion, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. The company had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $20.39 EPS. Research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio (DPR) is presently 23.89%.

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.