Alliance Wealth Advisors LLC Lowers Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Alliance Wealth Advisors LLC decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 8.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 97 shares of the business services provider’s stock after selling 9 shares during the quarter. Alliance Wealth Advisors LLC’s holdings in Booking were worth $447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Congress Asset Management Co. lifted its stake in Booking by 0.8% in the first quarter. Congress Asset Management Co. now owns 3,380 shares of the business services provider’s stock worth $15,572,000 after acquiring an additional 27 shares during the last quarter. Radnor Capital Management LLC lifted its stake in Booking by 1.9% in the first quarter. Radnor Capital Management LLC now owns 531 shares of the business services provider’s stock worth $2,446,000 after acquiring an additional 10 shares during the last quarter. Procyon Advisors LLC lifted its position in shares of Booking by 103.4% during the 1st quarter. Procyon Advisors LLC now owns 537 shares of the business services provider’s stock worth $2,475,000 after buying an additional 273 shares during the last quarter. Unique Wealth LLC lifted its position in shares of Booking by 30.4% during the 1st quarter. Unique Wealth LLC now owns 793 shares of the business services provider’s stock worth $3,653,000 after buying an additional 185 shares during the last quarter. Finally, Foster Group Inc. purchased a new stake in shares of Booking during the 1st quarter worth approximately $207,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JMP Securities boosted their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 30th. Cantor Fitzgerald reduced their price objective on shares of Booking from $5,540.00 to $4,330.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Erste Group Bank downgraded shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. UBS Group reduced their price objective on shares of Booking from $5,960.00 to $5,557.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Finally, Citigroup lifted their target price on shares of Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $5,377.33.

Booking Stock Up 0.8%

Booking stock opened at $5,614.61 on Friday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,639.70. The firm’s 50-day simple moving average is $4,990.30 and its 200 day simple moving average is $4,933.48. The firm has a market capitalization of $182.70 billion, a PE ratio of 32.45, a P/E/G ratio of 1.71 and a beta of 1.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings results 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 company had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $20.39 EPS. On average, research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.68%. 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.