Oxbow Advisors LLC Purchases Shares of 45,106 Booking Holdings Inc. $BKNG

Oxbow Advisors LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 45,106 shares of the business services provider’s stock, valued at approximately $8,040,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after purchasing an additional 65 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Booking in the fourth quarter valued at about $209,000. Sivia Capital Partners LLC grew its stake in Booking by 25.0% during the second quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock worth $955,000 after buying an additional 33 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in Booking by 50.0% during the second quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock worth $504,000 after buying an additional 29 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Booking during the second quarter worth approximately $179,000. 92.42% of the stock is currently owned by institutional investors.

Booking Trading Up 1.7%

NASDAQ:BKNG opened at $208.20 on Wednesday. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $231.80. The business’s 50-day moving average price is $185.74 and its two-hundred day moving average price is $177.06. The firm has a market capitalization of $156.44 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.28 and a beta of 1.07.

Booking (NASDAQ:BKNGGet Free Report) last released its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The business had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter last year, the firm earned $55.40 EPS. Booking’s quarterly revenue was up 8.1% compared to the same quarter last year. Sell-side analysts predict that Booking Holdings Inc. will post 10.47 earnings per share for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, September 11th. Booking’s dividend payout ratio is 18.58%.

Key Booking News

Here are the key news stories impacting Booking this week:

  • Positive Sentiment: Booking’s KAYAK brand reported that international airfares for UK travelers during September and October average 26% below peak-season prices. More affordable “shoulder season” travel could support booking volumes and reinforce expectations for resilient demand across Booking’s lodging and travel platforms. KAYAK shoulder season travel research
  • Positive Sentiment: Recent analyst commentary remains broadly constructive. Booking has a “Moderate Buy” consensus rating and an average price target of $235.72, while Argus raised its target to $245 and maintained a buy rating. The company also exceeded quarterly earnings and revenue estimates, with revenue rising 8.1% year over year. Booking analyst ratings and stock analysis
  • Neutral Sentiment: Booking declared a quarterly dividend of $0.42 per share, equivalent to $1.68 annually and a yield of approximately 0.8%. The payout is modest but signals continued capital returns; it is unlikely to be a major driver for the stock given the company’s growth-oriented valuation. Booking dividend announcement
  • Negative Sentiment: Vice President Peter Millones sold 50,050 shares for approximately $10.4 million, reducing his holdings by 11.77%. Director Vanessa Ames Wittman also sold 375 shares for about $79,000. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, which makes them a weaker bearish signal; Millones still retains roughly $77.9 million in BKNG stock. Booking insider share sales

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Barclays set a $210.00 price objective on Booking and gave the company an “overweight” rating in a research report on Wednesday, April 29th. UBS Group increased their target price on Booking from $266.00 to $274.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Evercore set a $245.00 price target on Booking in a report on Wednesday, April 29th. Gordon Haskett upped their price target on shares of Booking from $217.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, HSBC reduced their price target on shares of Booking from $309.84 to $298.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.72.

Check Out Our Latest Stock Analysis on Booking

Insider Transactions at Booking

In related news, CFO Ewout L. Steenbergen sold 20,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the completion of the transaction, the chief financial officer directly owned 59,794 shares in the company, valued at approximately $12,618,327.82. This trade represents a 25.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 375 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $211.00, for a total transaction of $79,125.00. Following the transaction, the director directly owned 16,133 shares of the company’s stock, valued at $3,404,063. This represents a 2.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 140,050 shares of company stock worth $26,341,680. Company insiders own 0.17% of the company’s stock.

About Booking

(Free Report)

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.

Further Reading

Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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