Soltis Investment Advisors LLC Acquires 416 Shares of Booking Holdings Inc. $BKNG

Soltis Investment Advisors LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 620.9% during the second quarter, Holdings Channel.com reports. The fund owned 483 shares of the business services provider’s stock after purchasing an additional 416 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Booking were worth $2,799,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Wealth Preservation Advisors LLC acquired a new stake in shares of Booking in the first quarter valued at approximately $28,000. Atwood & Palmer Inc. acquired a new position in Booking in the 2nd quarter valued at $29,000. Westside Investment Management Inc. lifted its position in shares of Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 4 shares during the period. Keystone Global Partners LLC acquired a new stake in shares of Booking during the 1st quarter worth $32,000. Finally, O Brien Wealth Partners LLC bought a new position in shares of Booking in the second quarter worth $35,000. Institutional investors own 92.42% of the company’s stock.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the sale, the chief executive officer directly owned 23,607 shares in the company, valued at $130,237,930.44. This represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the transaction, the director owned 131 shares in the company, valued at approximately $722,045.80. The trade was a 32.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,197 shares of company stock worth $17,260,963. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Susquehanna increased their price objective 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. KeyCorp increased their price target on shares of Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. BTIG Research reissued a “buy” rating and issued a $6,250.00 price objective on shares of Booking in a research note on Wednesday, October 29th. Evercore ISI upped their target price on Booking from $5,500.00 to $6,250.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Cantor Fitzgerald reduced their target price on Booking from $5,590.00 to $5,550.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $6,121.23.

Booking Stock Down 1.6%

NASDAQ BKNG opened at $4,911.15 on Thursday. The company has a market cap of $158.31 billion, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The business’s fifty day moving average is $5,339.38 and its 200 day moving average is $5,401.89.

Booking (NASDAQ:BKNG) last posted its 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 firm had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a dividend of $9.60 per share. The ex-dividend date is Friday, December 5th. This represents a $38.40 annualized dividend and a yield of 0.8%. Booking’s dividend payout ratio (DPR) is presently 24.96%.

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.