Cypress Wealth Services LLC Cuts Stock Position in Booking Holdings Inc. (NASDAQ:BKNG)

Cypress Wealth Services LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117 shares of the business services provider’s stock after selling 6 shares during the period. Cypress Wealth Services LLC’s holdings in Booking were worth $540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Booking by 521,609.7% in the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider’s stock valued at $10,887,718,000 after purchasing an additional 2,362,892 shares during the period. Proficio Capital Partners LLC boosted its position in Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock valued at $4,295,423,000 after buying an additional 864,406 shares during the period. Norges Bank acquired a new position in shares of Booking in the fourth quarter worth $1,958,352,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Booking by 51.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider’s stock worth $1,394,283,000 after acquiring an additional 95,308 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Booking by 18.8% during the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider’s stock worth $1,831,499,000 after acquiring an additional 58,357 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Trading Up 1.5%

NASDAQ:BKNG opened at $5,557.00 on Thursday. Booking Holdings Inc. has a 12-month low of $3,180.00 and a 12-month high of $5,560.45. The stock’s 50 day simple moving average is $4,952.45 and its 200-day simple moving average is $4,925.27. The firm has a market cap of $180.82 billion, a P/E ratio of 32.11, a PEG ratio of 1.71 and a beta of 1.42.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same period in the previous year, the company posted $20.39 EPS. Booking’s revenue was up 7.9% compared to the same quarter last year. Research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company 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 $9.60 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a yield of 0.69%. Booking’s payout ratio is currently 23.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Booking from $5,000.00 to $5,700.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. UBS Group dropped their target price on Booking from $5,960.00 to $5,557.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Cfra upgraded Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Barclays upped their price objective on Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Benchmark raised their target price on Booking from $5,000.00 to $5,900.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5,377.33.

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.