Jacobsen Capital Management Reduces Stake in Booking Holdings Inc. $BKNG

Jacobsen Capital Management reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 2.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 160 shares of the business services provider’s stock after selling 4 shares during the period. Booking comprises 0.3% of Jacobsen Capital Management’s investment portfolio, making the stock its 29th biggest position. Jacobsen Capital Management’s holdings in Booking were worth $926,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of BKNG. Vontobel Holding Ltd. raised its stake in shares of Booking by 18.6% in the second quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock valued at $437,284,000 after buying an additional 11,829 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Booking by 20.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock worth $6,090,000 after acquiring an additional 175 shares during the period. Vest Financial LLC grew its stake in shares of Booking by 0.7% during the 2nd quarter. Vest Financial LLC now owns 9,090 shares of the business services provider’s stock worth $52,624,000 after acquiring an additional 61 shares during the period. NorthRock Partners LLC increased its holdings in Booking by 12.8% in the 2nd quarter. NorthRock Partners LLC now owns 494 shares of the business services provider’s stock worth $2,860,000 after acquiring an additional 56 shares during the last quarter. Finally, Overbrook Management Corp raised its stake in Booking by 49.5% in the 2nd quarter. Overbrook Management Corp now owns 3,314 shares of the business services provider’s stock valued at $19,186,000 after acquiring an additional 1,098 shares during the period. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on BKNG shares. DA Davidson increased their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Wedbush reaffirmed a “neutral” rating and issued a $5,900.00 price objective on shares of Booking in a report on Wednesday, July 30th. BTIG Research reiterated a “buy” rating and issued a $6,250.00 price objective on shares of Booking in a research note on Wednesday, October 8th. B. Riley restated a “buy” rating and set a $6,700.00 target price (up previously from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a research report on Tuesday. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5,928.00.

Read Our Latest Report on BKNG

Booking Stock Up 2.8%

NASDAQ:BKNG opened at $5,286.00 on Wednesday. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The stock has a market cap of $171.32 billion, a P/E ratio of 36.76, a PEG ratio of 1.59 and a beta of 1.35. The business’s 50-day moving average price is $5,451.12 and its two-hundred day moving average price is $5,348.62.

Booking (NASDAQ:BKNGGet Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share 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 the consensus estimate of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. Booking’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

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

Insider Buying and Selling at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of the firm’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 transaction, the director directly owned 732 shares of the company’s stock, valued at approximately $3,873,729.36. This trade represents a 2.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the completion of the sale, the director directly owned 131 shares of the company’s stock, valued at approximately $722,045.80. This represents a 32.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,197 shares of company stock worth $17,260,963 over the last 90 days. Corporate insiders own 0.16% of the company’s stock.

About Booking

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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