41 Shares in Booking Holdings Inc. $BKNG Acquired by 5T Wealth LLC

by · The Cerbat Gem

5T Wealth LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) during the second quarter, HoldingsChannel.com reports. The firm bought 41 shares of the business services provider’s stock, valued at approximately $237,000.

Other hedge funds have also recently bought and sold shares of the company. Vontobel Holding Ltd. boosted its position in Booking by 18.6% during the second quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after acquiring an additional 11,829 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Booking by 15.6% in the second quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock worth $2,958,000 after acquiring an additional 69 shares during the last quarter. Covey Capital Advisors LLC boosted its position in shares of Booking by 1.0% in the second quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock worth $6,467,000 after acquiring an additional 11 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Booking by 20.0% in the second quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock worth $6,090,000 after acquiring an additional 175 shares during the last quarter. Finally, Atria Investments Inc boosted its position in shares of Booking by 12.7% in the second quarter. Atria Investments Inc now owns 2,291 shares of the business services provider’s stock worth $13,262,000 after acquiring an additional 259 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BKNG. Gordon Haskett decreased their target price on shares of Booking from $5,680.00 to $5,620.00 and set a “hold” rating on the stock in a research report on Wednesday. Robert W. Baird set a $6,325.00 target price on shares of Booking in a research report on Wednesday. Barclays raised their target price on shares of Booking from $6,000.00 to $6,250.00 and gave the stock an “overweight” rating in a research report on Wednesday. BMO Capital Markets reissued an “outperform” rating and issued a $6,000.00 target price (up from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Seaport Global Securities raised their target price on shares of Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $6,121.23.

Check Out Our Latest Stock Analysis on BKNG

Insider Activity

In other news, Director Larry Quinlan sold 64 shares of Booking stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the sale, the director owned 131 shares in the company, valued at $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the sale, the director owned 732 shares in the company, valued at $3,873,729.36. This represents a 2.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,197 shares of company stock worth $17,260,963 over the last 90 days. Company insiders own 0.16% of the company’s stock.

Booking Trading Down 0.0%

Shares of BKNG stock opened at $5,077.74 on Friday. The company’s fifty day simple moving average is $5,381.21 and its 200-day simple moving average is $5,393.18. 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 market cap of $164.57 billion, a PE ratio of 33.00, a P/E/G ratio of 1.57 and a beta of 1.35.

Booking (NASDAQ:BKNG – Get Free Report) last issued its earnings results 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 business had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter last year, the firm posted $83.39 EPS. The business’s revenue for the quarter 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. Equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

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

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.

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