Reliant Investment Management LLC Purchases Shares of 939 Booking Holdings Inc. $BKNG

Reliant Investment Management LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 939 shares of the business services provider’s stock, valued at approximately $5,436,000. Booking comprises about 2.4% of Reliant Investment Management LLC’s investment portfolio, making the stock its 24th largest position.

Several other hedge funds also recently added to or reduced their stakes in BKNG. Brighton Jones LLC increased its stake in Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Booking during the fourth quarter worth approximately $209,000. GAMMA Investing LLC grew its position in shares of Booking by 13.2% during the first quarter. GAMMA Investing LLC now owns 513 shares of the business services provider’s stock worth $2,363,000 after acquiring an additional 60 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Booking by 57.9% during the first quarter. Oppenheimer & Co. Inc. now owns 221 shares of the business services provider’s stock worth $1,018,000 after acquiring an additional 81 shares during the last quarter. Finally, Legacy Advisors LLC grew its position in shares of Booking by 13.1% during the first quarter. Legacy Advisors LLC now owns 95 shares of the business services provider’s stock worth $438,000 after acquiring an additional 11 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Trading Down 1.0%

Booking stock opened at $5,230.59 on Thursday. The stock has a market cap of $169.52 billion, a PE ratio of 36.38, a P/E/G ratio of 1.64 and a beta of 1.35. The stock has a 50-day moving average price of $5,446.77 and a 200 day moving average price of $5,347.81. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping analysts’ consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion during 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 firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BKNG. KeyCorp began coverage on shares of Booking in a research report on Wednesday. They set an “overweight” rating and a $6,450.00 target price on the stock. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Weiss Ratings restated a “buy (b)” rating on shares of Booking in a research report on Tuesday, October 14th. Hsbc Global Res raised Booking to a “strong-buy” rating in a report on Thursday, July 17th. Finally, Mizuho initiated coverage on Booking in a report on Monday, September 29th. They set a “neutral” rating and a $5,975.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $5,994.00.

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of Booking stock in a transaction dated 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 completion of the sale, the director owned 131 shares in the company, valued at $722,045.80. The trade was a 32.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Glenn D. Fogel sold 625 shares of Booking stock in a transaction dated Wednesday, October 15th. The shares were 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 of the company’s stock, valued at $118,162,642.46. This trade represents a 2.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,197 shares of company stock worth $17,260,963 in the last 90 days. 0.16% of the stock is owned by company insiders.

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.