Earned Wealth Advisors LLC Raises Stake in Booking Holdings Inc. $BKNG

Earned Wealth Advisors LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120 shares of the business services provider’s stock after purchasing an additional 6 shares during the period. Earned Wealth Advisors LLC’s holdings in Booking were worth $697,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Fidelis Capital Partners LLC raised its stake in Booking by 1.2% during the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 2 shares during the period. WNY Asset Management LLC grew its holdings in Booking by 3.7% during the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider’s stock valued at $258,000 after buying an additional 2 shares in the last quarter. Gries Financial LLC boosted its position in shares of Booking by 1.6% during the first quarter. Gries Financial LLC now owns 125 shares of the business services provider’s stock worth $576,000 after acquiring an additional 2 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its stake in Booking by 0.5% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock worth $1,854,000 after purchasing an additional 2 shares in the last quarter. Finally, Nicolet Advisory Services LLC grew its position in shares of Booking by 0.8% during the first quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider’s stock valued at $1,070,000 after purchasing an additional 2 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated 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 directly owned 23,607 shares in the company, valued at $130,237,930.44. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the transaction, the director owned 732 shares in the company, valued at approximately $3,873,729.36. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,197 shares of company stock worth $17,260,963 in the last ninety days. 0.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Rothschild & Co Redburn lifted their price objective on Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research note on Thursday. DA Davidson upped their price target on shares of Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Booking in a research report on Tuesday, October 14th. BMO Capital Markets reissued an “outperform” rating and set a $6,000.00 price objective (up from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average price target of $6,117.90.

Booking Stock Up 0.1%

Shares of Booking stock opened at $5,080.21 on Friday. The company has a market capitalization of $164.65 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The stock’s fifty day moving average is $5,394.07 and its two-hundred day moving average is $5,384.14.

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

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be issued a $9.60 dividend. The ex-dividend date is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. 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.