Amalgamated Bank Trims Stake in Booking Holdings Inc. $BKNG

Amalgamated Bank reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,607 shares of the business services provider’s stock after selling 24 shares during the period. Amalgamated Bank’s holdings in Booking were worth $44,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BKNG. Wealth Preservation Advisors LLC acquired a new position in Booking in the 1st quarter valued at about $28,000. Atwood & Palmer Inc. acquired a new position in Booking during the 2nd quarter worth approximately $29,000. Keystone Global Partners LLC acquired a new position in Booking during the 1st quarter worth approximately $32,000. O Brien Wealth Partners LLC acquired a new position in Booking during the 2nd quarter worth approximately $35,000. Finally, First PREMIER Bank increased its stake in Booking by 100.0% in the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BKNG shares. Truist Financial set a $5,810.00 price objective on Booking in a research note on Wednesday. DA Davidson increased their target price on Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a report on Wednesday. Susquehanna increased their target price on Booking from $6,000.00 to $6,500.00 and gave the company a “positive” rating in a report on Friday, August 1st. Barclays increased their target price on Booking from $6,000.00 to $6,250.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, BTIG Research reiterated a “buy” rating and set a $6,250.00 target price on shares of Booking in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $6,132.29.

Booking Stock Performance

NASDAQ BKNG opened at $5,075.86 on Thursday. 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 $164.51 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 1.58 and a beta of 1.35. The firm’s 50 day moving average price is $5,406.68 and its two-hundred day moving average price is $5,386.27.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating the consensus estimate of $95.56 by $3.94. The business had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 129.67%. Booking’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s dividend payout ratio (DPR) is presently 26.71%.

Insider Buying and Selling at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated Wednesday, October 15th. The shares were 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 of the company’s stock, valued at approximately $3,873,729.36. The trade was a 2.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 625 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the completion of the sale, the chief executive officer directly owned 22,982 shares of the company’s stock, valued at $118,162,642.46. This represents a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,197 shares of company stock worth $17,260,963. Insiders own 0.16% of the company’s stock.

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.