Canopy Partners LLC Increases Position in Booking Holdings Inc. $BKNG

Canopy Partners LLC lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 194 shares of the business services provider’s stock after acquiring an additional 2 shares during the quarter. Canopy Partners LLC’s holdings in Booking were worth $1,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BKNG. Brighton Jones LLC increased its stake in shares of Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after acquiring an additional 65 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Booking in the fourth quarter valued at approximately $209,000. Rockingstone Advisors LLC lifted its stake in shares of Booking by 22.2% during the first quarter. Rockingstone Advisors LLC now owns 165 shares of the business services provider’s stock valued at $760,000 after buying an additional 30 shares during the period. OLD National Bancorp IN lifted its stake in shares of Booking by 21.9% during the first quarter. OLD National Bancorp IN now owns 195 shares of the business services provider’s stock valued at $898,000 after buying an additional 35 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of Booking by 0.5% during the first quarter. Park Avenue Securities LLC now owns 582 shares of the business services provider’s stock valued at $2,682,000 after buying an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total value of $82,500.00. Following the completion of the transaction, the director directly owned 747 shares of the company’s stock, valued at approximately $4,108,500. The trade was a 1.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 24,620 shares of the company’s stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,195 shares of company stock valued at $23,467,630. Company insiders own 0.16% of the company’s stock.

Booking Price Performance

Shares of BKNG stock opened at $5,242.00 on Wednesday. The firm has a market cap of $169.89 billion, a P/E ratio of 36.46, a P/E/G ratio of 1.56 and a beta of 1.35. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The firm has a fifty day moving average of $5,512.80 and a two-hundred day moving average of $5,312.53.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion during 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 firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $9.60 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s payout ratio is 26.71%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BKNG shares. Susquehanna increased their price target on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Truist Financial raised their target price on shares of Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a research note on Monday, July 14th. Evercore ISI raised their target price on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Piper Sandler reissued a “neutral” rating and issued a $5,750.00 target price (up previously from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, Mizuho initiated coverage on shares of Booking in a research note on Monday, September 29th. They issued a “neutral” rating and a $5,975.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $5,808.81.

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.