Booking Holdings Inc. $BKNG Shares Bought by Savvy Advisors Inc.

by · The Cerbat Gem

Savvy Advisors Inc. grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 93.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 145 shares of the business services provider’s stock after purchasing an additional 70 shares during the quarter. Savvy Advisors Inc.’s holdings in Booking were worth $841,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BKNG. Wealth Preservation Advisors LLC acquired a new position in Booking during the 1st quarter worth $28,000. Atwood & Palmer Inc. acquired a new position in shares of Booking in the 2nd quarter valued at about $29,000. Keystone Global Partners LLC bought a new stake in shares of Booking during the 1st quarter valued at about $32,000. O Brien Wealth Partners LLC bought a new stake in shares of Booking during the 2nd quarter valued at about $35,000. Finally, First PREMIER Bank grew its position in shares of Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after buying an additional 3 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction dated 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 directly owned 732 shares in the company, valued at approximately $3,873,729.36. The trade was a 2.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,197 shares of company stock worth $17,260,963. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $5,750.00 price objective (up previously from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Bank of America boosted their price objective on shares of Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. DA Davidson boosted their price objective on shares of Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Finally, BTIG Research reaffirmed a “buy” rating and set a $6,250.00 price objective on shares of Booking in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6,121.23.

Get Our Latest Research Report on Booking

Booking Stock Down 0.0%

Booking stock opened at $5,077.74 on Friday. The firm has a 50-day moving average price of $5,381.21 and a two-hundred day moving average price of $5,387.76. The firm has a market capitalization of $164.57 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 1.57 and a beta of 1.35. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41.

Booking (NASDAQ:BKNG – Get Free Report) last posted its earnings results 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 firm 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%. Booking’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

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

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.

Further Reading

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).