Booking Holdings Inc. $BKNG is Covey Capital Advisors LLC’s 4th Largest Position

Covey Capital Advisors LLC raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% in the second quarter, Holdings Channel reports. The firm owned 1,117 shares of the business services provider’s stock after buying an additional 11 shares during the period. Booking accounts for 7.0% of Covey Capital Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Covey Capital Advisors LLC’s holdings in Booking were worth $6,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in BKNG. Wealth Preservation Advisors LLC acquired a new position in Booking in the first quarter worth approximately $28,000. Atwood & Palmer Inc. acquired a new position in Booking in the second quarter worth approximately $29,000. Keystone Global Partners LLC acquired a new position in Booking in the first quarter worth approximately $32,000. O Brien Wealth Partners LLC acquired a new position in Booking in the second quarter worth approximately $35,000. Finally, First PREMIER Bank increased its holdings in Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after buying an additional 3 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of research reports. Gordon Haskett dropped their price objective on Booking from $5,680.00 to $5,620.00 and set a “hold” rating on the stock in a report on Wednesday. UBS Group set a $6,806.00 price objective on Booking and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird set a $6,325.00 price objective on Booking in a research note on Wednesday. BTIG Research reissued a “buy” rating and issued a $6,250.00 price objective on shares of Booking in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $6,117.90.

Booking Stock Up 0.1%

Shares of NASDAQ BKNG opened at $5,080.21 on Friday. The business’s 50 day moving average is $5,394.07 and its two-hundred day moving average is $5,384.14. The company has a market cap of $164.65 billion, a P/E ratio of 33.02, a P/E/G ratio of 1.57 and a beta of 1.35. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, beating the consensus estimate of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The company had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the prior year, the business earned $83.39 earnings per share. Booking’s revenue for the quarter was up 12.7% compared to the same quarter last year. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s dividend payout ratio is currently 24.96%.

Insider Activity

In other news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the sale, the director directly owned 732 shares of the company’s stock, valued at approximately $3,873,729.36. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 625 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 3,197 shares of company stock valued at $17,260,963. 0.16% of the stock is owned by company insiders.

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.