Moss Adams Wealth Advisors LLC Grows Stock Position in Booking Holdings Inc. $BKNG

Moss Adams Wealth Advisors LLC increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 13.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93 shares of the business services provider’s stock after acquiring an additional 11 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Booking were worth $538,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new stake in Booking in the 2nd quarter worth approximately $29,000. Wealth Preservation Advisors LLC purchased a new stake in Booking in the 1st quarter worth approximately $28,000. O Brien Wealth Partners LLC purchased a new stake in Booking in the 2nd quarter worth approximately $35,000. First PREMIER Bank increased its holdings in Booking by 100.0% in the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after acquiring an additional 3 shares in the last quarter. Finally, Keystone Global Partners LLC purchased a new stake in Booking in the 1st quarter worth approximately $32,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on BKNG. Citigroup increased their target price on shares of Booking from $5,560.00 to $6,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Evercore ISI increased their price objective on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Hsbc Global Res raised shares of Booking to a “strong-buy” rating in a report on Thursday, July 17th. Susquehanna increased their price objective on shares of Booking from $6,000.00 to $6,500.00 and gave the company a “positive” rating in a report on Friday, August 1st. Finally, UBS Group increased their price objective on shares of Booking from $5,750.00 to $6,300.00 and gave the company a “buy” rating in a report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $5,808.81.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the completion of the sale, the chief executive officer directly owned 24,620 shares in the company, valued at $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total value of $357,575.04. Following the completion of the sale, the director owned 195 shares of the company’s stock, valued at approximately $1,089,486.45. This represents a 24.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,195 shares of company stock worth $23,467,630. 0.16% of the stock is currently owned by insiders.

Booking Stock Performance

NASDAQ BKNG opened at $5,548.00 on Monday. The company has a market capitalization of $179.81 billion, a P/E ratio of 38.58, a P/E/G ratio of 1.60 and a beta of 1.39. Booking Holdings Inc. has a one year low of $4,060.98 and a one year high of $5,839.41. The stock has a 50 day moving average price of $5,553.44 and a 200-day moving average price of $5,276.88.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating analysts’ consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking’s dividend payout ratio is currently 26.71%.

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.