Disciplined Equity Management Inc. Sells 58 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Disciplined Equity Management Inc. trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 25.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 174 shares of the business services provider's stock after selling 58 shares during the quarter. Booking makes up 0.6% of Disciplined Equity Management Inc.'s holdings, making the stock its 29th biggest position. Disciplined Equity Management Inc.'s holdings in Booking were worth $802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of BKNG. Brighton Jones LLC increased its holdings in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after acquiring an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Booking during the 4th quarter valued at $209,000. Golden State Wealth Management LLC bought a new stake in Booking during the 4th quarter valued at $170,000. NatWest Group plc lifted its position in shares of Booking by 1.6% during the fourth quarter. NatWest Group plc now owns 2,129 shares of the business services provider's stock worth $10,578,000 after acquiring an additional 34 shares in the last quarter. Finally, Shepherd Financial Partners LLC boosted its holdings in shares of Booking by 6.8% in the fourth quarter. Shepherd Financial Partners LLC now owns 63 shares of the business services provider's stock worth $313,000 after acquiring an additional 4 shares during the period. 92.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday. Morgan Stanley decreased their price target on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on shares of Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Finally, Benchmark upped their target price on shares of Booking from $5,000.00 to $5,900.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,377.33.

Booking Price Performance

Shares of BKNG opened at $5,614.61 on Friday. Booking Holdings Inc. has a 1 year low of $3,180.00 and a 1 year high of $5,639.70. The stock has a 50 day simple moving average of $4,990.30 and a two-hundred day simple moving average of $4,932.90. The firm has a market cap of $182.70 billion, a P/E ratio of 32.45, a P/E/G ratio of 1.71 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, topping analysts' consensus estimates of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period in the previous year, the business posted $20.39 EPS. The business's quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, June 6th. Booking's dividend payout ratio is presently 23.89%.

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.

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