Balentine LLC Decreases Position in Booking Holdings Inc. $BKNG

by · The Cerbat Gem

Balentine LLC cut its position in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 14.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 152 shares of the business services provider’s stock after selling 25 shares during the period. Balentine LLC’s holdings in Booking were worth $880,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Hutchinson Financial Advisors INC purchased a new position in Booking in the second quarter worth about $2,281,000. Great Lakes Retirement Inc. raised its holdings in Booking by 2.3% in the second quarter. Great Lakes Retirement Inc. now owns 363 shares of the business services provider’s stock worth $2,103,000 after buying an additional 8 shares during the last quarter. Haven Private LLC raised its holdings in Booking by 3.0% in the second quarter. Haven Private LLC now owns 68 shares of the business services provider’s stock worth $394,000 after buying an additional 2 shares during the last quarter. Integrity Alliance LLC. raised its holdings in Booking by 311.1% in the second quarter. Integrity Alliance LLC. now owns 185 shares of the business services provider’s stock worth $1,073,000 after buying an additional 140 shares during the last quarter. Finally, GAM Holding AG raised its holdings in Booking by 13.5% in the second quarter. GAM Holding AG now owns 2,688 shares of the business services provider’s stock worth $15,561,000 after buying an additional 319 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BKNG has been the subject of several recent analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $5,433.00 target price on shares of Booking in a report on Thursday. Barclays lifted their price target on shares of Booking from $6,000.00 to $6,250.00 and gave the stock an “overweight” rating in a research note on Wednesday. B. Riley lifted their price target on shares of Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a research note on Wednesday. Hsbc Global Res upgraded shares of Booking to a “strong-buy” rating in a research note on Thursday, July 17th. Finally, Wells Fargo & Company lifted 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 research note on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6,121.23.

Read Our Latest Analysis on Booking

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 625 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the completion of the sale, the chief executive officer directly owned 22,982 shares in the company, valued at approximately $118,162,642.46. The trade was a 2.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Larry Quinlan sold 64 shares of the business’s 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 of the company’s stock, valued at $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,197 shares of company stock worth $17,260,963. 0.16% of the stock is owned by company insiders.

Booking Trading Down 0.0%

Shares of NASDAQ BKNG opened at $5,077.74 on Friday. The firm has a 50 day moving average of $5,381.21 and a 200 day moving average of $5,387.76. The firm has a market capitalization of $164.57 billion, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41.

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

Booking Announces Dividend

The firm also recently announced 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 yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s payout ratio is 24.96%.

About Booking

(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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