Gateway Investment Advisers LLC Trims Stock Position in Booking Holdings Inc. $BKNG

by · The Cerbat Gem

Gateway Investment Advisers LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 4.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,307 shares of the business services provider’s stock after selling 478 shares during the period. Gateway Investment Advisers LLC’s holdings in Booking were worth $53,881,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of BKNG. Brighton Jones LLC lifted its holdings in shares of Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after purchasing an additional 65 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Booking in the fourth quarter valued at about $209,000. Fire Capital Management LLC purchased a new stake in shares of Booking in the fourth quarter valued at about $248,000. Silvercrest Asset Management Group LLC lifted its holdings in shares of Booking by 3.2% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 325 shares of the business services provider’s stock valued at $1,615,000 after purchasing an additional 10 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Booking by 162.5% in the fourth quarter. Two Sigma Advisers LP now owns 12,600 shares of the business services provider’s stock valued at $62,602,000 after purchasing an additional 7,800 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Susquehanna upped their price objective on shares of Booking from $6,000.00 to $6,500.00 and gave the company a “positive” rating in a research note on Friday, August 1st. Evercore ISI upped their price target on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. BMO Capital Markets reissued an “outperform” rating and issued a $6,000.00 price objective (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. DA Davidson increased their price objective on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, B. Riley reissued a “buy” rating and issued a $6,700.00 price objective (up previously from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,808.81.

Check Out Our Latest Stock Analysis on BKNG

Booking Price Performance

Shares of BKNG opened at $5,475.01 on Wednesday. The firm’s 50 day moving average is $5,584.11 and its 200-day moving average is $5,223.39. The stock has a market capitalization of $177.45 billion, a P/E ratio of 38.08, a P/E/G ratio of 1.60 and a beta of 1.39. Booking Holdings Inc. has a 12-month low of $3,985.00 and a 12-month high of $5,839.41.

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

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking’s dividend payout ratio (DPR) is presently 26.71%.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Larry Quinlan sold 64 shares of the firm’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 transaction, the director directly owned 131 shares in the company, valued at approximately $722,045.80. The trade was a 32.82% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,195 shares of company stock worth $23,467,630. 0.16% of the stock is owned by company insiders.

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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