iA Global Asset Management Inc. Lowers Holdings in Booking Holdings Inc. $BKNG
by Amy Steele · The Cerbat GemiA Global Asset Management Inc. reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 13.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,578 shares of the business services provider’s stock after selling 867 shares during the period. iA Global Asset Management Inc.’s holdings in Booking were worth $32,292,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Wealth Preservation Advisors LLC acquired a new stake in Booking in the first quarter valued at $28,000. Atwood & Palmer Inc. acquired a new stake in Booking in the second quarter valued at $29,000. Keystone Global Partners LLC acquired a new stake in Booking in the first quarter valued at $32,000. O Brien Wealth Partners LLC acquired a new stake in Booking in the second quarter valued at $35,000. Finally, First PREMIER Bank raised its stake in Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after buying an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the sale, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry Quinlan sold 64 shares of Booking stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the sale, the director directly owned 131 shares of the company’s stock, valued at $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,197 shares of company stock worth $17,260,963 in the last ninety days. Insiders own 0.16% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Robert W. Baird set a $6,325.00 price target on Booking in a research note on Wednesday. BTIG Research reaffirmed a “buy” rating and set a $6,250.00 price objective on shares of Booking in a report on Wednesday. Piper Sandler reaffirmed a “neutral” rating and set a $5,750.00 price objective (up previously from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Bank of America raised their price objective on Booking from $5,820.00 to $5,850.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Morgan Stanley set a $6,150.00 price objective on Booking in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6,121.23.
View Our Latest Stock Analysis on Booking
Booking Stock Down 0.0%
Shares of NASDAQ:BKNG opened at $5,077.74 on Friday. The company has a market cap of $164.57 billion, a P/E ratio of 33.00, a PEG ratio of 1.57 and a beta of 1.35. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The company has a 50-day moving average price of $5,381.21 and a 200 day moving average price of $5,393.18.
Booking (NASDAQ:BKNG – Get Free Report) last announced its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The firm had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter last year, the firm earned $83.39 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s payout ratio is currently 24.96%.
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.
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