Monetary Management Group Inc. Reduces Stake in Booking Holdings Inc. $BKNG

Monetary Management Group Inc. reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 26.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 186 shares of the business services provider’s stock after selling 67 shares during the period. Monetary Management Group Inc.’s holdings in Booking were worth $857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BKNG. Brighton Jones LLC boosted its stake in shares of Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after buying an additional 65 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Booking in the 4th quarter worth $209,000. Burling Wealth Partners LLC purchased a new position in shares of Booking in the 4th quarter worth $1,595,000. Integrated Wealth Concepts LLC boosted its stake in shares of Booking by 34.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 395 shares of the business services provider’s stock worth $1,961,000 after buying an additional 101 shares during the last quarter. Finally, Hancock Whitney Corp boosted its stake in shares of Booking by 25.7% in the 4th quarter. Hancock Whitney Corp now owns 455 shares of the business services provider’s stock worth $2,261,000 after buying an additional 93 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the sale, the chief executive officer directly owned 24,620 shares of the company’s stock, valued at approximately $134,841,031.80. The trade was a 3.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 4,052 shares of company stock valued at $22,511,858 over the last quarter. Insiders own 0.16% of the company’s stock.

Booking Stock Up 1.3%

NASDAQ:BKNG opened at $5,710.74 on Friday. The business’s 50-day simple moving average is $5,569.06 and its two-hundred day simple moving average is $5,145.30. The stock has a market cap of $185.09 billion, a PE ratio of 39.72, a P/E/G ratio of 1.63 and a beta of 1.41. Booking Holdings Inc. has a 52 week low of $3,700.97 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating analysts’ consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BKNG. Morgan Stanley set a $5,650.00 target price on Booking and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Wells Fargo & Company lifted their target price on Booking from $5,411.00 to $5,418.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Bank of America lifted their target price on Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on Booking from $5,360.00 to $6,000.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $6,000.00 target price (up from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $5,781.04.

Booking 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.