Yousif Capital Management LLC Trims Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Yousif Capital Management LLC lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,184 shares of the business services provider’s stock after selling 46 shares during the quarter. Yousif Capital Management LLC’s holdings in Booking were worth $19,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the business. Covestor Ltd raised its position in Booking by 6.9% in the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock worth $158,000 after acquiring an additional 2 shares in the last quarter. SageView Advisory Group LLC raised its position in Booking by 1.6% in the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock worth $616,000 after acquiring an additional 2 shares in the last quarter. Belpointe Asset Management LLC raised its position in Booking by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock worth $472,000 after acquiring an additional 2 shares in the last quarter. Elequin Capital LP raised its position in Booking by 20.0% in the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider’s stock worth $60,000 after acquiring an additional 2 shares in the last quarter. Finally, Hemington Wealth Management raised its position in Booking by 6.5% in the fourth quarter. Hemington Wealth Management now owns 49 shares of the business services provider’s stock worth $243,000 after acquiring an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of Booking stock opened at $5,539.41 on Tuesday. The business’s fifty day moving average price is $5,007.30 and its two-hundred day moving average price is $4,933.57. The company has a market capitalization of $180.25 billion, a P/E ratio of 32.01, a PEG ratio of 1.71 and a beta of 1.41. Booking Holdings Inc. has a 1-year low of $3,180.00 and a 1-year high of $5,639.70.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating 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 negative return on equity of 159.34% and a net margin of 24.78%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $20.39 EPS. On average, research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio is presently 23.89%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BKNG. Benchmark upped their target price on Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a report on Friday, February 21st. Erste Group Bank downgraded Booking from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Robert W. Baird raised their price objective on Booking from $5,550.00 to $5,700.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Finally, BMO Capital Markets raised their price objective on Booking from $5,000.00 to $5,700.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $5,388.37.

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.