Lmcg Investments LLC Sells 64 Shares of Booking Holdings Inc. $BKNG

Lmcg Investments LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,659 shares of the business services provider’s stock after selling 64 shares during the period. Lmcg Investments LLC’s holdings in Booking were worth $9,604,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kingswood Wealth Advisors LLC lifted its stake 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 acquiring an additional 39 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in Booking by 18.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock valued at $437,284,000 after purchasing an additional 11,829 shares during the period. Overbrook Management Corp increased its holdings in Booking by 49.5% during the 2nd quarter. Overbrook Management Corp now owns 3,314 shares of the business services provider’s stock valued at $19,186,000 after purchasing an additional 1,098 shares during the period. International Assets Investment Management LLC purchased a new position in Booking during the 1st quarter valued at about $203,000. Finally, United Services Automobile Association purchased a new position in Booking during the 1st quarter valued at about $3,592,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

BKNG stock opened at $5,164.93 on Friday. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The business’s 50 day moving average price is $5,492.50 and its two-hundred day moving average price is $5,317.27. The company has a market capitalization of $167.40 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth ratio of 1.61 and a beta of 1.35.

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

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a $9.60 dividend. The ex-dividend date was Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s dividend payout ratio is presently 26.71%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BKNG shares. Morgan Stanley set a $5,650.00 price target on Booking and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Evercore ISI boosted their price target on 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 upgraded Booking to a “strong-buy” rating in a report on Thursday, July 17th. BMO Capital Markets restated an “outperform” rating and set a $6,000.00 price target (up previously from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Finally, UBS Group boosted their price target on 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 assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5,808.81.

Insider Buying and Selling

In related news, Director Larry Quinlan sold 64 shares of the company’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 value of $352,755.20. Following the sale, the director owned 131 shares in the company, valued at $722,045.80. This represents a 32.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the company’s 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 value of $5,588,639.96. Following the completion of the sale, the chief executive officer owned 23,607 shares in the company, valued at $130,237,930.44. The trade was a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,195 shares of company stock worth $23,467,630 in the last 90 days. Insiders own 0.16% of the company’s stock.

Booking Company 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.