RFG Advisory LLC Decreases Stake in Booking Holdings Inc. $BKNG

RFG Advisory LLC lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 57.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 180 shares of the business services provider’s stock after selling 239 shares during the period. RFG Advisory LLC’s holdings in Booking were worth $1,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jag Capital Management LLC raised its stake in shares of Booking by 37.1% during the 2nd quarter. Jag Capital Management LLC now owns 1,808 shares of the business services provider’s stock worth $10,467,000 after buying an additional 489 shares during the last quarter. Cornerstone Wealth Group LLC raised its stake in shares of Booking by 24.5% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 61 shares of the business services provider’s stock worth $351,000 after buying an additional 12 shares during the last quarter. NorthRock Partners LLC raised its stake in shares of Booking by 12.8% during the 2nd quarter. NorthRock Partners LLC now owns 494 shares of the business services provider’s stock worth $2,860,000 after buying an additional 56 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Booking by 23.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,714 shares of the business services provider’s stock worth $15,713,000 after buying an additional 516 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Booking by 0.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 2,850 shares of the business services provider’s stock worth $16,499,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

NASDAQ BKNG opened at $4,952.31 on Friday. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The company has a 50-day moving average of $5,465.79 and a 200-day moving average of $5,329.75. The company has a market cap of $160.50 billion, a P/E ratio of 34.44, a P/E/G ratio of 1.57 and a beta of 1.35.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter in the prior year, the company posted $41.90 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $9.60 per share. The ex-dividend date was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. Booking’s payout ratio is presently 26.71%.

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the completion of the sale, the director owned 732 shares in the company, valued at approximately $3,873,729.36. The trade was a 2.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 625 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the sale, the chief executive officer owned 22,982 shares of the company’s stock, valued at $118,162,642.46. The trade was a 2.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,197 shares of company stock worth $17,260,963. 0.16% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BKNG. Morgan Stanley set a $5,650.00 price target on Booking and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Cantor Fitzgerald reissued a “neutral” rating on shares of Booking in a research note on Wednesday, July 30th. Wedbush reissued a “neutral” rating and issued a $5,900.00 target price on shares of Booking in a research note on Wednesday, July 30th. Truist Financial boosted 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. Finally, Susquehanna boosted their target price 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. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average target price 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.