Savant Capital LLC Sells 674 Shares of Booking Holdings Inc. $BKNG

Savant Capital LLC lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 24.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,068 shares of the business services provider’s stock after selling 674 shares during the period. Savant Capital LLC’s holdings in Booking were worth $11,972,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Wealth Preservation Advisors LLC bought a new position in shares of Booking during the first quarter valued at approximately $28,000. Atwood & Palmer Inc. purchased a new position in Booking during the 2nd quarter valued at $29,000. Westside Investment Management Inc. increased its position in 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 purchasing an additional 4 shares during the period. Keystone Global Partners LLC bought a new position in Booking in the 1st quarter worth $32,000. Finally, O Brien Wealth Partners LLC purchased a new stake in shares of Booking in the 2nd quarter worth about $35,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Trading Up 0.8%

Shares of NASDAQ:BKNG opened at $4,940.00 on Friday. The stock has a fifty day simple moving average of $5,311.14 and a two-hundred day simple moving average of $5,401.89. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The stock has a market capitalization of $159.24 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 1.57 and a beta of 1.34.

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

Booking Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction that occurred 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 owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry Quinlan sold 64 shares of the business’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 transaction of $352,755.20. Following the completion of the transaction, the director owned 131 shares of the company’s stock, valued at approximately $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 sold 3,197 shares of company stock valued at $17,260,963. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BKNG shares. DA Davidson boosted their price target on shares of Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Seaport Global Securities upped their target price on Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft increased their target price on Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Truist Financial set a $5,810.00 price target on Booking in a research report on Wednesday, October 29th. Finally, B. Riley increased their price objective on Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6,121.23.

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.