Pallas Capital Advisors LLC Sells 67 Shares of Booking Holdings Inc. $BKNG

Pallas Capital Advisors LLC trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 12.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 452 shares of the business services provider’s stock after selling 67 shares during the period. Pallas Capital Advisors LLC’s holdings in Booking were worth $2,617,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BKNG. Wealth Preservation Advisors LLC purchased a new stake in shares of Booking in the first quarter worth about $28,000. Atwood & Palmer Inc. purchased a new stake in shares of Booking in the second quarter worth about $29,000. Keystone Global Partners LLC acquired a new position in Booking in the 1st quarter worth about $32,000. Activest Wealth Management raised its holdings in Booking by 300.0% in the 1st quarter. Activest Wealth Management now owns 8 shares of the business services provider’s stock worth $37,000 after purchasing an additional 6 shares during the period. Finally, Alpine Bank Wealth Management acquired a new position in Booking in the 1st quarter worth about $41,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BKNG. B. Riley reissued a “buy” rating and set a $6,700.00 target price (up previously from $6,100.00) on shares of Booking in a report on Wednesday, July 30th. UBS Group increased their price target on Booking from $5,750.00 to $6,300.00 and gave the company a “buy” rating in a report on Monday, July 28th. Benchmark reiterated a “buy” rating and issued a $6,200.00 price objective (up from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. BTIG Research restated a “buy” rating and set a $6,250.00 price target on shares of Booking in a research report on Thursday, September 4th. Finally, 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 report on Thursday, July 24th. Three investment 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. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $5,808.81.

Insider Buying and Selling at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated 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 owned 747 shares of the company’s stock, valued at approximately $4,108,500. This trade represents a 1.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Larry Quinlan sold 64 shares of Booking stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $5,587.11, for a total value of $357,575.04. Following the sale, the director owned 195 shares of the company’s stock, valued at approximately $1,089,486.45. This trade represents a 24.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,195 shares of company stock worth $23,467,630. Corporate insiders own 0.16% of the company’s stock.

Booking Trading Up 1.4%

BKNG opened at $5,553.70 on Thursday. The stock’s fifty day simple moving average is $5,581.82 and its 200 day simple moving average is $5,225.67. The stock has a market cap of $180.00 billion, a PE ratio of 38.62, a price-to-earnings-growth ratio of 1.58 and a beta of 1.39. Booking Holdings Inc. has a 1-year low of $3,985.57 and a 1-year high of $5,839.41.

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

Booking Announces Dividend

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

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.