Booking Holdings Inc. $BKNG Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 841 shares of the business services provider’s stock after selling 18 shares during the period. Modera Wealth Management LLC’s holdings in Booking were worth $4,869,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. increased its stake in Booking by 1,411.9% during the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider’s stock valued at $516,900,000 after buying an additional 104,780 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Booking by 79.4% in the first quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock valued at $695,259,000 after acquiring an additional 68,243 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Booking by 182.2% during the first quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider’s stock valued at $482,081,000 after acquiring an additional 67,562 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Booking by 27.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider’s stock worth $836,223,000 after purchasing an additional 39,523 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Booking by 19.7% in the first quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider’s stock worth $983,707,000 after purchasing an additional 35,171 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BKNG has been the topic of several research analyst reports. UBS Group set a $6,806.00 price target on Booking and gave the company a “buy” rating in a research report on Wednesday, October 29th. Mizuho set a $6,000.00 price target on shares of Booking in a research report on Wednesday, October 29th. Gordon Haskett cut their price target on shares of Booking from $5,680.00 to $5,620.00 and set a “hold” rating for the company in a report on Wednesday, October 29th. BTIG Research reaffirmed a “buy” rating and issued a $6,250.00 price objective on shares of Booking in a research note on Wednesday, October 29th. Finally, KeyCorp boosted their target price on shares of Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6,121.23.

Insider Activity at Booking

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

Booking Trading Up 0.8%

BKNG stock opened at $4,940.00 on Friday. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41. The firm has a 50-day moving average of $5,311.14 and a two-hundred day moving average of $5,401.89. The firm has a market capitalization of $159.24 billion, a PE ratio of 32.11, a P/E/G ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The business had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.8%. Booking’s payout ratio is currently 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.