Naviter Wealth LLC Cuts Stock Position in Booking Holdings Inc. $BKNG

by · The Cerbat Gem

Naviter Wealth LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 375 shares of the business services provider’s stock after selling 2 shares during the period. Naviter Wealth LLC’s holdings in Booking were worth $2,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Booking by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock valued at $13,620,154,000 after buying an additional 30,054 shares in the last quarter. Northern Trust Corp boosted its holdings in Booking by 0.5% in the 1st quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock worth $1,706,063,000 after acquiring an additional 1,699 shares during the period. Deutsche Bank AG boosted its holdings in Booking by 6.6% in the 1st quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock worth $1,365,170,000 after acquiring an additional 18,268 shares during the period. Charles Schwab Investment Management Inc. grew its position in Booking by 3.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider’s stock valued at $1,023,655,000 after acquiring an additional 8,015 shares in the last quarter. Finally, Ninety One UK Ltd raised its stake in shares of Booking by 1.1% during the second quarter. Ninety One UK Ltd now owns 218,016 shares of the business services provider’s stock valued at $1,262,147,000 after purchasing an additional 2,418 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley set a $5,650.00 price target on shares of Booking and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Mizuho started coverage on Booking in a research report on Monday, September 29th. They issued a “neutral” rating and a $5,975.00 target price on the stock. Citigroup boosted their price target on shares of Booking from $5,560.00 to $6,500.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Finally, Truist Financial lifted their price objective on shares of Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a research report on Monday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5,808.81.

Get Our Latest Analysis on BKNG

Insider Buying and Selling

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the transaction, the chief executive officer directly owned 23,607 shares in the company, valued at approximately $130,237,930.44. This trade represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total value of $82,500.00. Following the completion of the sale, the director directly owned 747 shares in the company, valued at $4,108,500. This represents a 1.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,169 shares of company stock valued at $11,929,560 over the last quarter. Corporate insiders own 0.16% of the company’s stock.

Booking Stock Performance

Shares of BKNG opened at $5,253.85 on Tuesday. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41. The stock’s fifty day moving average is $5,488.05 and its 200-day moving average is $5,329.42. The firm has a market capitalization of $170.28 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.35.

Booking (NASDAQ:BKNG – Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. Booking’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. Analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, September 5th. Booking’s dividend payout ratio (DPR) is currently 26.71%.

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.

See Also

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