Hillsdale Investment Management Inc. Buys 970 Shares of Booking Holdings Inc. $BKNG

by · The Cerbat Gem

Hillsdale Investment Management Inc. increased its position in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 228.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,394 shares of the business services provider’s stock after buying an additional 970 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Booking were worth $8,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new position in shares of Booking in the first quarter worth approximately $28,000. Atwood & Palmer Inc. purchased a new position in shares of Booking during the 2nd quarter valued at $29,000. Westside Investment Management Inc. boosted its holdings 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 buying an additional 4 shares during the period. Keystone Global Partners LLC purchased a new position in shares of Booking in the first quarter valued at about $32,000. Finally, O Brien Wealth Partners LLC purchased a new stake in Booking during the 2nd quarter valued at approximately $35,000. Institutional investors own 92.42% of the company’s stock.

Booking Trading Down 2.3%

Shares of BKNG opened at $4,583.10 on Friday. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The company’s fifty day simple moving average is $5,196.65 and its 200-day simple moving average is $5,401.69. The company has a market cap of $147.73 billion, a P/E ratio of 29.79, a P/E/G ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG – Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating the consensus estimate of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same period in the prior year, the firm posted $83.39 EPS. 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 predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently declared 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. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s dividend payout ratio is presently 24.96%.

Analysts Set New Price Targets

BKNG has been the subject of a number of research reports. Evercore ISI increased their target price on Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Mizuho set a $6,000.00 price objective on shares of Booking in a research note on Wednesday, October 29th. BTIG Research restated a “buy” rating and issued a $6,250.00 target price on shares of Booking in a report on Wednesday, October 29th. Piper Sandler restated a “neutral” rating and set a $5,750.00 target price (up from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Morgan Stanley set a $6,150.00 price target on shares of Booking in a report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $6,139.21.

View Our Latest Research Report on BKNG

Insiders Place Their Bets

In related news, insider Paulo Pisano sold 200 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the transaction, the insider owned 1,514 shares of the company’s stock, valued at $7,570,000. This trade represents a 11.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $5,030.00, for a total transaction of $75,450.00. Following the sale, the director owned 717 shares of the company’s stock, valued at $3,606,510. The trade was a 2.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,452 shares of company stock worth $17,987,397. 0.16% of the stock is currently owned by company insiders.

Booking 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).