MAI Capital Management Sells 930 Shares of Booking Holdings Inc. $BKNG

by · The Cerbat Gem

MAI Capital Management decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 7.0% during the second quarter, HoldingsChannel reports. The fund owned 12,325 shares of the business services provider’s stock after selling 930 shares during the quarter. MAI Capital Management’s holdings in Booking were worth $71,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BKNG. Atwood & Palmer Inc. purchased a new position in shares of Booking in the second quarter valued at $29,000. Westside Investment Management Inc. boosted its stake in Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4 shares during the period. Wealth Preservation Advisors LLC purchased a new position in Booking during the 1st quarter valued at about $28,000. O Brien Wealth Partners LLC bought a new stake in shares of Booking during the second quarter valued at about $35,000. Finally, First PREMIER Bank lifted its holdings in shares of Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after buying an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of Booking from $5,900.00 to $6,100.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Robert W. Baird set a $6,325.00 price target on shares of Booking in a research report on Wednesday, October 29th. Wells Fargo & Company upped their price target on shares of Booking from $5,443.00 to $5,523.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Gordon Haskett lowered their price objective on Booking from $5,680.00 to $5,620.00 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $5,433.00 target price on shares of Booking in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6,139.21.

Get Our Latest Report on Booking

Booking Price Performance

Shares of NASDAQ BKNG opened at $4,583.10 on Friday. The stock has a market capitalization of $147.73 billion, a P/E ratio of 29.79, a PEG ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41. The firm’s 50 day simple moving average is $5,196.65 and its two-hundred day simple moving average is $5,401.69.

Booking (NASDAQ:BKNG – Get Free Report) last announced its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The company had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be issued a $9.60 dividend. The ex-dividend date is Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. Booking’s payout ratio is currently 24.96%.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 400 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $5,007.69, for a total transaction of $2,003,076.00. Following the completion of the sale, the chief executive officer directly owned 21,751 shares in the company, valued at $108,922,265.19. This represents a 1.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $5,030.00, for a total value of $75,450.00. Following the transaction, the director owned 717 shares in the company, valued at approximately $3,606,510. The trade was a 2.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 3,452 shares of company stock worth $17,987,397. Insiders own 0.16% of the company’s stock.

Booking Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG – Free Report).