Compound Planning Inc. lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 15.6% during the first quarter, HoldingsChannel.com reports. The fund owned 831 shares of the business services provider’s stock after purchasing an additional 112 shares during the quarter. Compound Planning Inc.’s holdings in Booking were worth $3,828,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Keystone Global Partners LLC purchased a new position in shares of Booking during the first quarter worth approximately $32,000. Kapitalo Investimentos Ltda purchased a new position in shares of Booking during the fourth quarter worth approximately $40,000. Alpine Bank Wealth Management purchased a new position in shares of Booking during the first quarter worth approximately $41,000. Minot DeBlois Advisors LLC purchased a new position in shares of Booking during the fourth quarter worth approximately $50,000. Finally, North Capital Inc. purchased a new position in shares of Booking during the first quarter worth approximately $46,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently issued reports on BKNG. Wall Street Zen upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Wednesday, April 30th. Citigroup lifted their price objective on shares of Booking from $5,560.00 to $6,500.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Booking in a research report on Wednesday, July 30th. Royal Bank Of Canada lifted their price objective on shares of Booking from $5,900.00 to $6,100.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Morgan Stanley set a $5,650.00 price objective on shares of Booking and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5,781.04.
Booking Stock Performance
Shares of NASDAQ BKNG opened at $5,710.74 on Friday. The firm has a market capitalization of $185.09 billion, a P/E ratio of 39.72, a PEG ratio of 1.63 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,700.97 and a one year high of $5,839.41. The company’s fifty day moving average is $5,569.06 and its two-hundred day moving average is $5,145.30.
Booking (NASDAQ:BKNG – Get Free Report) last issued its earnings results on Tuesday, July 29th. The business services provider reported $55.40 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 analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking’s payout ratio is presently 26.71%.
Insider Activity at Booking
In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the sale, the chief executive officer directly owned 24,620 shares in the company, valued at approximately $134,841,031.80. The trade was a 3.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 4,052 shares of company stock worth $22,511,858. 0.16% of the stock is currently owned by insiders.
Booking Company Profile
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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