Plato Investment Management Ltd Purchases 11 Shares of Booking Holdings Inc. $BKNG

Plato Investment Management Ltd boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,452 shares of the business services provider’s stock after acquiring an additional 11 shares during the period. Booking accounts for about 0.6% of Plato Investment Management Ltd’s investment portfolio, making the stock its 24th largest holding. Plato Investment Management Ltd’s holdings in Booking were worth $8,375,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vontobel Holding Ltd. raised its holdings in Booking by 18.6% in the second quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after buying an additional 11,829 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in Booking by 15.6% in the second quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock worth $2,958,000 after buying an additional 69 shares during the last quarter. Covey Capital Advisors LLC raised its holdings in Booking by 1.0% in the second quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock worth $6,467,000 after buying an additional 11 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings 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 buying an additional 175 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in Booking by 12.7% in the second quarter. Atria Investments Inc now owns 2,291 shares of the business services provider’s stock worth $13,262,000 after buying an additional 259 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on BKNG shares. Benchmark lifted their target price on Booking from $6,200.00 to $6,400.00 and gave the stock a “buy” rating in a report on Wednesday. Hsbc Global Res raised Booking to a “strong-buy” rating in a report on Thursday, July 17th. Cantor Fitzgerald reduced their target price on Booking from $5,590.00 to $5,550.00 and set a “neutral” rating for the company in a report on Wednesday. Sanford C. Bernstein reissued a “market perform” rating and issued a $5,433.00 target price on shares of Booking in a report on Thursday. Finally, Robert W. Baird set a $6,325.00 target price on Booking in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6,121.23.

Booking Stock Down 0.0%

BKNG opened at $5,077.74 on Friday. The firm has a 50 day moving average price of $5,381.21 and a 200-day moving average price of $5,393.18. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The stock has a market capitalization of $164.57 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 1.57 and a beta of 1.35.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, beating 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 firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the previous year, the company earned $83.39 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a dividend of $9.60 per share. The ex-dividend date of this dividend 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%.

Insider Activity

In related news, Director Larry Quinlan sold 64 shares of Booking stock in a transaction on Monday, September 15th. The stock was 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 approximately $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total value of $79,379.70. Following the transaction, the director owned 732 shares in the company, valued at $3,873,729.36. This trade represents a 2.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,197 shares of company stock valued at $17,260,963 in the last 90 days. Company insiders own 0.16% of the company’s stock.

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.