Insigneo Advisory Services LLC Acquires Shares of 46 Booking Holdings Inc. $BKNG

Insigneo Advisory Services LLC acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46 shares of the business services provider’s stock, valued at approximately $268,000.

A number of other large investors also recently modified their holdings of BKNG. Nicolet Advisory Services LLC raised its holdings in Booking by 0.8% during the first quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider’s stock worth $1,070,000 after buying an additional 2 shares during the last quarter. MGB Wealth Management LLC raised its holdings in shares of Booking by 3.6% in the 1st quarter. MGB Wealth Management LLC now owns 57 shares of the business services provider’s stock worth $263,000 after acquiring an additional 2 shares during the last quarter. Mainsail Asset Management LLC lifted its position in Booking by 4.4% in the 1st quarter. Mainsail Asset Management LLC now owns 47 shares of the business services provider’s stock valued at $217,000 after acquiring an additional 2 shares in the last quarter. WP Advisors LLC boosted its stake in Booking by 0.3% during the 1st quarter. WP Advisors LLC now owns 638 shares of the business services provider’s stock valued at $2,937,000 after purchasing an additional 2 shares during the last quarter. Finally, Aprio Wealth Management LLC increased its holdings in Booking by 2.3% during the 1st quarter. Aprio Wealth Management LLC now owns 88 shares of the business services provider’s stock worth $406,000 after purchasing an additional 2 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Price Performance

NASDAQ BKNG opened at $4,911.85 on Thursday. The business’s fifty day moving average is $5,144.94 and its 200-day moving average is $5,395.09. The stock has a market capitalization of $158.33 billion, a price-to-earnings ratio of 31.92, 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 posted its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. The business had revenue of $9.01 billion during 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 firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company posted $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business 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. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s payout ratio is 24.96%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BKNG. KeyCorp raised their target price on Booking from $6,450.00 to $6,630.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Cantor Fitzgerald dropped their price objective on Booking from $5,590.00 to $5,550.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Wells Fargo & Company lifted their price objective on shares of Booking from $5,443.00 to $5,523.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. The Goldman Sachs Group increased their target price 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. Finally, Evercore ISI raised their price target on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6,141.52.

Insider Transactions at Booking

In other news, Director Robert J. Mylod, Jr. sold 40 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director owned 960 shares in the company, valued at approximately $4,800,000. This represents a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 of the company’s stock, valued at approximately $130,237,930.44. This trade represents a 4.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,452 shares of company stock worth $17,987,397 in the last ninety 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.