Adams Diversified Equity Fund Inc. Sells 300 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Adams Diversified Equity Fund Inc. trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,900 shares of the business services provider's stock after selling 300 shares during the period. Booking accounts for approximately 1.1% of Adams Diversified Equity Fund Inc.'s portfolio, making the stock its 18th largest holding. Adams Diversified Equity Fund Inc.'s holdings in Booking were worth $29,314,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC lifted its stake in shares of Booking by 621,874.8% during 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 in the last quarter. Geode Capital Management LLC raised its holdings in Booking by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider's stock valued at $3,350,605,000 after acquiring an additional 11,211 shares during the period. Janus Henderson Group PLC lifted its position in shares of Booking by 0.5% during the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider's stock worth $2,073,508,000 after acquiring an additional 2,321 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Booking by 3.3% in the third quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider's stock worth $1,763,797,000 after acquiring an additional 13,429 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Booking by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider's stock valued at $1,249,311,000 after purchasing an additional 11,649 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

BKNG has been the subject of several analyst reports. 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 note on Friday, February 21st. Erste Group Bank lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Bank of America upped their target price on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. Cfra upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Finally, Baird R W upgraded shares of Booking to a "strong-buy" rating in a research report on Wednesday, November 27th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5,370.43.

Booking Trading Up 1.4 %

Shares of NASDAQ:BKNG traded up $68.19 during trading on Tuesday, reaching $4,777.91. 264,914 shares of the company traded hands, compared to its average volume of 232,592. Booking Holdings Inc. has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The business's fifty day moving average is $4,788.52 and its 200-day moving average is $4,713.79. The firm has a market capitalization of $156.79 billion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 1.71 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business had revenue of $5.47 billion during the quarter, compared to analysts' expectations of $5.18 billion. On average, sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $9.60 per share. This is a positive change from Booking's previous quarterly dividend of $8.75. The ex-dividend date is Friday, March 7th. This represents a $38.40 dividend on an annualized basis and a yield of 0.80%. Booking's dividend payout ratio is presently 22.19%.

Booking Company 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.