Profund Advisors LLC Has $21.92 Million Position in Booking Holdings Inc. $BKNG

Profund Advisors LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 4.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,787 shares of the business services provider’s stock after selling 172 shares during the period. Booking accounts for 0.8% of Profund Advisors LLC’s portfolio, making the stock its 18th largest holding. Profund Advisors LLC’s holdings in Booking were worth $21,924,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealth Preservation Advisors LLC bought a new stake in Booking during the first quarter valued at about $28,000. Atwood & Palmer Inc. acquired a new position in shares of Booking in the 2nd quarter valued at $29,000. Westside Investment Management Inc. grew its stake in shares of Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares during the period. Keystone Global Partners LLC acquired a new stake in Booking in the 1st quarter valued at $32,000. Finally, O Brien Wealth Partners LLC bought a new stake in Booking in the second quarter valued at $35,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Up 0.8%

Shares of NASDAQ BKNG opened at $4,940.00 on Friday. The business’s 50 day moving average price is $5,311.14 and its two-hundred day moving average price is $5,407.51. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The company has a market cap of $159.24 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $95.56 by $3.94. The company had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.Booking’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders 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 yield of 0.8%. Booking’s dividend payout ratio is 24.96%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Rothschild & Co Redburn increased their target price on shares of Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Susquehanna boosted their target price on Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Booking in a research report on Tuesday, October 14th. DA Davidson lifted their price objective on Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Barclays increased their target price on Booking from $6,000.00 to $6,250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Three 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6,121.23.

Insider Buying and Selling

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated 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 sale, the director owned 732 shares of the company’s stock, valued at approximately $3,873,729.36. The trade was a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,197 shares of company stock valued at $17,260,963 over the last 90 days. Company insiders own 0.16% of the company’s stock.

Booking Company 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.