Bryn Mawr Trust Advisors LLC Buys 59 Shares of Booking Holdings Inc. $BKNG

Bryn Mawr Trust Advisors LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 16.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 426 shares of the business services provider’s stock after purchasing an additional 59 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Booking were worth $2,466,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BKNG. Atwood & Palmer Inc. purchased a new position in Booking during the 2nd quarter valued at approximately $29,000. Westside Investment Management Inc. boosted its position in shares of Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 4 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of Booking during the 1st quarter valued at approximately $28,000. O Brien Wealth Partners LLC purchased a new position in shares of Booking in the second quarter valued at $35,000. Finally, First PREMIER Bank increased its position in Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after purchasing an additional 3 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BKNG has been the subject of several research reports. Royal Bank Of Canada increased their price objective on shares of Booking from $5,900.00 to $6,100.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. The Goldman Sachs Group increased their price target on shares of Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. KeyCorp lifted their price target on Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. 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, Seaport Global Securities raised their price objective on Booking from $6,030.00 to $6,260.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $6,121.23.

Insiders Place Their Bets

In other news, CEO Glenn D. Fogel sold 625 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the completion of the sale, the chief executive officer directly owned 22,982 shares of the company’s stock, valued at approximately $118,162,642.46. The trade was a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,197 shares of company stock worth $17,260,963 over the last quarter. Company insiders own 0.16% of the company’s stock.

Booking Price Performance

Booking stock opened at $4,940.00 on Friday. The firm has a market capitalization of $159.24 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The company’s 50-day moving average is $5,311.14 and its 200 day moving average is $5,401.89.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same quarter in the previous year, the business earned $83.39 earnings per share. The company’s revenue for the quarter 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. Research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a $9.60 dividend. The ex-dividend date is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.8%. Booking’s dividend payout ratio (DPR) 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.