Booking Holdings Inc. $BKNG Holdings Trimmed by Choreo LLC

Choreo LLC lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,266 shares of the business services provider’s stock after selling 113 shares during the period. Choreo LLC’s holdings in Booking were worth $7,327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Nicolet Advisory Services LLC lifted its stake in Booking by 0.8% in the 1st quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider’s stock worth $1,070,000 after acquiring an additional 2 shares in the last quarter. MGB Wealth Management LLC increased its holdings in shares of Booking by 3.6% in the 1st quarter. MGB Wealth Management LLC now owns 57 shares of the business services provider’s stock valued at $263,000 after purchasing an additional 2 shares during the period. Mainsail Asset Management LLC lifted its position in shares of Booking by 4.4% in the first quarter. Mainsail Asset Management LLC now owns 47 shares of the business services provider’s stock worth $217,000 after purchasing an additional 2 shares in the last quarter. WP Advisors LLC boosted its holdings in shares of Booking by 0.3% during the first quarter. WP Advisors LLC now owns 638 shares of the business services provider’s stock worth $2,937,000 after purchasing an additional 2 shares during the period. Finally, Aprio Wealth Management LLC grew its position in Booking by 2.3% during the first quarter. Aprio Wealth Management LLC now owns 88 shares of the business services provider’s stock valued at $406,000 after purchasing an additional 2 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity

In related news, Director Robert J. Mylod, Jr. sold 40 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the completion of the sale, the director directly owned 960 shares of the company’s stock, valued at approximately $4,800,000. This represents a 4.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction on Monday, November 17th. The stock was sold at an average price of $5,030.00, for a total transaction of $75,450.00. Following the completion of the transaction, the director owned 717 shares in the company, valued at $3,606,510. This trade represents a 2.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,452 shares of company stock valued at $17,987,397 in the last quarter. 0.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BKNG has been the subject of a number of research analyst reports. BNP Paribas set a $6,100.00 target price on shares of Booking in a research report on Monday. Wells Fargo & Company increased their price objective on Booking from $5,443.00 to $5,523.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Piper Sandler restated a “neutral” rating and issued a $5,750.00 target price (up previously from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. KeyCorp upped their target price on Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6,141.52.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $4,911.85 on Thursday. The stock has a market capitalization of $158.33 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.57 and a beta of 1.34. The business has a 50-day moving average of $5,144.94 and a two-hundred day moving average of $5,395.09. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41.

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

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s payout ratio is presently 24.96%.

About Booking

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.