Booking Holdings Inc. $BKNG Shares Sold by Copperleaf Capital LLC

Copperleaf Capital LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 12.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294 shares of the business services provider’s stock after selling 43 shares during the quarter. Booking comprises approximately 0.9% of Copperleaf Capital LLC’s holdings, making the stock its 29th largest position. Copperleaf Capital LLC’s holdings in Booking were worth $1,702,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BKNG. Y Intercept Hong Kong Ltd increased its position in Booking by 15.6% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock valued at $2,958,000 after acquiring an additional 69 shares during the period. Vontobel Holding Ltd. grew its stake in shares of 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 purchasing an additional 11,829 shares in the last quarter. Covey Capital Advisors LLC grew its stake in shares of 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 purchasing an additional 11 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Booking by 12.7% during the second quarter. Atria Investments Inc now owns 2,291 shares of the business services provider’s stock valued at $13,262,000 after purchasing an additional 259 shares during the period. Finally, Vest Financial LLC raised its stake in shares of Booking by 0.7% during the second quarter. Vest Financial LLC now owns 9,090 shares of the business services provider’s stock valued at $52,624,000 after purchasing an additional 61 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Bank of America increased their target price on shares of Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. KeyCorp upped their price target on shares of Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Royal Bank Of Canada upped their target price on Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company lifted their price target on Booking from $5,443.00 to $5,523.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $6,139.21.

Booking Price Performance

Shares of BKNG opened at $4,783.01 on Wednesday. The company has a 50-day moving average of $5,230.63 and a two-hundred day moving average of $5,412.46. The stock has a market cap of $154.18 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 1.57 and a beta of 1.34. 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 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. The company had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be given 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 is presently 24.96%.

Insider Activity at Booking

In related news, Director Larry Quinlan sold 64 shares of the stock in a transaction that occurred on 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 transaction, the director owned 131 shares in the company, valued at approximately $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the transaction, the director directly owned 732 shares in the company, valued at approximately $3,873,729.36. The trade was a 2.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 2,424 shares of company stock worth $12,912,874. 0.16% of the stock is currently owned by company insiders.

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.