Marshall & Sullivan Inc. WA Sells 84 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Marshall & Sullivan Inc. WA lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 5.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 holding. Marshall & Sullivan Inc. WA's holdings in Booking were worth $6,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Realta Investment Advisors acquired a new stake in shares of Booking in the fourth quarter valued at $520,000. Brighton Jones LLC lifted 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 valued at $1,249,000 after acquiring an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Booking during the 4th quarter valued at about $209,000. Chicago Partners Investment Group LLC boosted its position in shares of Booking by 24.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 91 shares of the business services provider's stock valued at $444,000 after purchasing an additional 18 shares in the last quarter. Finally, Tritonpoint Wealth LLC bought a new stake in shares of Booking in the 4th quarter worth approximately $248,000. Institutional investors own 92.42% of the company's stock.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Benchmark raised their price objective 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. Cantor Fitzgerald cut their target price on Booking from $5,540.00 to $4,330.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen raised Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $5,900.00 price target on shares of Booking in a research note on Wednesday, April 30th. 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 stock. Based on data from MarketBeat.com, Booking has a consensus rating of "Moderate Buy" and an average target price of $5,340.36.

Booking Stock Up 1.5%

Shares of NASDAQ:BKNG traded up $81.93 during trading on Wednesday, reaching $5,557.00. The stock had a trading volume of 209,199 shares, compared to its average volume of 246,336. The stock has a fifty day simple moving average of $4,933.99 and a two-hundred day simple moving average of $4,920.88. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,597.90. The firm has a market capitalization of $180.82 billion, a price-to-earnings ratio of 32.11, a P/E/G ratio of 1.71 and a beta of 1.42.

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

Booking Announces Dividend

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

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.