Kendall Capital Management Makes New $214,000 Investment in Booking Holdings Inc. $BKNG

Kendall Capital Management acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 37 shares of the business services provider’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. One Plus One Wealth Management LLC acquired a new position in shares of Booking in the 2nd quarter valued at approximately $365,000. Patton Fund Management Inc. acquired a new stake in shares of Booking during the 2nd quarter worth $255,000. Kathmere Capital Management LLC boosted its stake in Booking by 17.1% in the second quarter. Kathmere Capital Management LLC now owns 240 shares of the business services provider’s stock valued at $1,389,000 after buying an additional 35 shares in the last quarter. Novem Group boosted its stake in Booking by 4.1% in the second quarter. Novem Group now owns 127 shares of the business services provider’s stock valued at $736,000 after buying an additional 5 shares in the last quarter. Finally, Five Oceans Advisors raised its position in Booking by 2.3% in the second quarter. Five Oceans Advisors now owns 88 shares of the business services provider’s stock valued at $509,000 after purchasing an additional 2 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BKNG has been the subject of several recent analyst reports. BTIG Research reaffirmed a “buy” rating and set a $6,250.00 target price on shares of Booking in a research note on Thursday, September 4th. Morgan Stanley set a $5,650.00 target price on Booking and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. BMO Capital Markets reiterated an “outperform” rating and set a $6,000.00 price target (up from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Wells Fargo & Company upped their target price on shares of Booking from $5,411.00 to $5,418.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $5,750.00 price objective (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,808.81.

Booking Price Performance

Shares of BKNG opened at $5,548.00 on Friday. The firm has a market capitalization of $179.81 billion, a P/E ratio of 38.58, a PEG ratio of 1.60 and a beta of 1.39. The business has a fifty day moving average of $5,553.44 and a 200 day moving average of $5,270.06. Booking Holdings Inc. has a one year low of $4,060.98 and a one year high of $5,839.41.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking’s payout ratio is presently 26.71%.

Insider Activity

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the transaction, the chief executive officer owned 23,607 shares in the company, valued at $130,237,930.44. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Larry Quinlan sold 64 shares of the business’s 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 completion of the transaction, the director owned 131 shares of the company’s stock, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,195 shares of company stock valued at $23,467,630. 0.16% of the stock is currently owned by company insiders.

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.