Professional Advisory Services Inc. Sells 151 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Professional Advisory Services Inc. trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,338 shares of the business services provider's stock after selling 151 shares during the quarter. Booking comprises 4.1% of Professional Advisory Services Inc.'s portfolio, making the stock its 4th largest position. Professional Advisory Services Inc.'s holdings in Booking were worth $29,199,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Europe London LLP acquired a new stake in shares of Booking during the 4th quarter worth approximately $15,054,000. Sequoia Financial Advisors LLC grew its holdings in Booking by 20.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 905 shares of the business services provider's stock worth $4,495,000 after buying an additional 153 shares in the last quarter. Alberta Investment Management Corp grew its holdings in Booking by 160.0% in the 4th quarter. Alberta Investment Management Corp now owns 1,300 shares of the business services provider's stock worth $6,459,000 after buying an additional 800 shares in the last quarter. Hickory Asset Management Inc. bought a new stake in Booking during the 4th quarter valued at $1,624,000. Finally, Asset Management One Co. Ltd. raised its stake in Booking by 2.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 17,177 shares of the business services provider's stock valued at $86,527,000 after acquiring an additional 438 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BKNG. UBS Group decreased their price target on Booking from $5,960.00 to $5,557.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Robert W. Baird increased their price target on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. BMO Capital Markets increased their price target on Booking from $5,000.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. DA Davidson increased their price target on Booking from $5,005.00 to $5,800.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. increased their price target on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Booking has a consensus rating of "Moderate Buy" and a consensus target price of $5,377.33.

Booking Stock Up 0.8%

Shares of NASDAQ BKNG opened at $5,614.61 on Friday. The business has a fifty day simple moving average of $4,990.30 and a 200-day simple moving average of $4,932.90. The company has a market cap of $182.70 billion, a price-to-earnings ratio of 32.45, a P/E/G ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,639.70.

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 (EPS) for the quarter, topping the consensus estimate of $17.57 by $7.24. The firm had revenue of $4.76 billion during 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 business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $20.39 EPS. As a group, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal 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 paid a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, June 6th. Booking's dividend payout ratio is currently 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.

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