MV Capital Management Inc. Has $289,000 Stock Position in Booking Holdings Inc. $BKNG

MV Capital Management Inc. cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 16.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 50 shares of the business services provider’s stock after selling 10 shares during the period. MV Capital Management Inc.’s holdings in Booking were worth $289,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BKNG. ABN Amro Investment Solutions bought a new position in shares of Booking in the second quarter valued at approximately $3,103,000. Geode Capital Management LLC grew its holdings in Booking by 1.1% during the second quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider’s stock worth $4,936,132,000 after buying an additional 9,333 shares in the last quarter. Rovida Advisors Inc. purchased a new stake in Booking in the 2nd quarter valued at $14,447,000. Beck Bode LLC purchased a new stake in Booking in the 2nd quarter valued at $629,000. Finally, Forsta AP Fonden lifted its stake in Booking by 18.4% during the 2nd quarter. Forsta AP Fonden now owns 10,300 shares of the business services provider’s stock valued at $59,629,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 200 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider owned 1,514 shares in the company, valued at $7,570,000. This trade represents a 11.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 625 shares of the stock in a transaction on Wednesday, October 15th. The stock was 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 owned 22,982 shares in the company, valued at $118,162,642.46. This trade represents a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 3,437 shares of company stock valued at $18,460,963. Insiders own 0.16% of the company’s stock.

Booking Trading Up 2.5%

NASDAQ:BKNG opened at $5,175.58 on Thursday. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The firm’s 50 day moving average is $5,281.08 and its 200 day moving average is $5,413.02. The stock has a market capitalization of $166.83 billion, a PE ratio of 33.64, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. The business 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 revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the business posted $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, December 5th. Booking’s payout ratio is currently 24.96%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Gordon Haskett reduced their target price on shares of Booking from $5,680.00 to $5,620.00 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Mizuho set a $6,000.00 target price on Booking in a research note on Wednesday, October 29th. B. Riley upped their target price on Booking from $6,700.00 to $6,800.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. DA Davidson increased their price target on Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada lifted their price target on Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average 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.