IFG Advisory LLC Sells 20 Shares of Booking Holdings Inc. $BKNG

IFG Advisory LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,485 shares of the business services provider’s stock after selling 20 shares during the quarter. IFG Advisory LLC’s holdings in Booking were worth $8,597,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vontobel Holding Ltd. raised its holdings in shares of Booking by 18.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after acquiring an additional 11,829 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Booking by 20.0% in the second quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock worth $6,090,000 after purchasing an additional 175 shares during the last quarter. Vest Financial LLC increased its position in Booking by 0.7% in the second quarter. Vest Financial LLC now owns 9,090 shares of the business services provider’s stock worth $52,624,000 after purchasing an additional 61 shares during the last quarter. Nordea Investment Management AB increased its position in Booking by 9.5% in the second quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock worth $1,297,331,000 after purchasing an additional 19,578 shares during the last quarter. Finally, Overbrook Management Corp grew its stake in shares of Booking by 49.5% in the 2nd quarter. Overbrook Management Corp now owns 3,314 shares of the business services provider’s stock worth $19,186,000 after buying an additional 1,098 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BKNG has been the subject of a number of recent research reports. Citigroup reissued a “market outperform” rating on shares of Booking in a research note on Wednesday. Wells Fargo & Company upped their price objective on Booking from $5,443.00 to $5,523.00 and gave the company an “equal weight” rating in a research report on Wednesday. Benchmark upped their price objective on Booking from $6,200.00 to $6,400.00 and gave the company a “buy” rating in a research report on Wednesday. B. Riley reissued a “buy” rating and set a $6,700.00 target price (up previously from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Rothschild & Co Redburn boosted their target price on Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $6,117.90.

Insider Activity

In other Booking news, Director Larry Quinlan sold 64 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the transaction, the director directly owned 131 shares in the company, valued at $722,045.80. This represents a 32.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 23,607 shares in the company, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 3,197 shares of company stock worth $17,260,963. Company insiders own 0.16% of the company’s stock.

Booking Price Performance

Shares of BKNG stock opened at $5,080.21 on Friday. The company has a market capitalization of $164.65 billion, a P/E ratio of 33.02, a P/E/G ratio of 1.57 and a beta of 1.35. The company’s 50-day simple moving average is $5,394.07 and its two-hundred day simple moving average is $5,384.14. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The firm had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.Booking’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. Booking’s dividend payout ratio (DPR) is currently 24.96%.

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.