Allegiance Financial Group Advisory Services LLC Sells 16 Shares of Booking Holdings Inc. $BKNG

Allegiance Financial Group Advisory Services LLC trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 22.2% during the second quarter, HoldingsChannel.com reports. The fund owned 56 shares of the business services provider’s stock after selling 16 shares during the period. Allegiance Financial Group Advisory Services LLC’s holdings in Booking were worth $324,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC increased its position in shares of Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider’s stock valued at $844,000 after buying an additional 39 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Booking in the first quarter worth about $203,000. Overbrook Management Corp raised its position in shares of Booking by 49.5% during the second quarter. Overbrook Management Corp now owns 3,314 shares of the business services provider’s stock worth $19,186,000 after purchasing an additional 1,098 shares during the period. United Services Automobile Association bought a new position in shares of Booking during the 1st quarter valued at about $3,592,000. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Booking by 9.4% during the 1st quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider’s stock valued at $1,281,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the transaction, the chief executive officer directly owned 23,607 shares in the company, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total value of $82,500.00. Following the transaction, the director directly owned 747 shares in the company, valued at $4,108,500. The trade was a 1.97% 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. Insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BKNG shares. Hsbc Global Res raised shares of Booking to a “strong-buy” rating in a research note on Thursday, July 17th. Truist Financial lifted their price target on shares of Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a research note on Monday, July 14th. Morgan Stanley set a $5,650.00 price target on shares of Booking and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Booking in a research note on Wednesday, July 30th. Finally, UBS Group lifted their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $5,808.81.

Booking Stock Performance

NASDAQ:BKNG opened at $5,131.23 on Thursday. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41. The company has a market cap of $166.30 billion, a P/E ratio of 35.69, a P/E/G ratio of 1.51 and a beta of 1.35. The stock’s 50-day simple moving average is $5,503.17 and its 200 day simple moving average is $5,311.28.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $50.32 by $5.08. The company had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 5th. Booking’s dividend payout ratio is presently 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.