50 Shares in Booking Holdings Inc. $BKNG Bought by Grassi Investment Management

Grassi Investment Management bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the 2nd quarter, HoldingsChannel reports. The fund bought 50 shares of the business services provider’s stock, valued at approximately $289,000.

Several other hedge funds have also recently bought and sold shares of the company. Segment Wealth Management LLC increased its holdings in Booking by 3.7% in the 2nd quarter. Segment Wealth Management LLC now owns 418 shares of the business services provider’s stock valued at $2,420,000 after buying an additional 15 shares during the period. Franklin Street Advisors Inc. NC increased its stake in Booking by 11.6% in the second quarter. Franklin Street Advisors Inc. NC now owns 106 shares of the business services provider’s stock valued at $614,000 after acquiring an additional 11 shares during the last quarter. Stock Yards Bank & Trust Co. bought a new position in Booking in the second quarter valued at approximately $278,000. Vanderbilt University increased its stake in Booking by 13.1% in the second quarter. Vanderbilt University now owns 1,368 shares of the business services provider’s stock valued at $7,920,000 after acquiring an additional 158 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Booking by 23.1% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 410 shares of the business services provider’s stock valued at $2,374,000 after purchasing an additional 77 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Insider Activity

In other Booking news, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the sale, the director owned 131 shares of the company’s stock, valued at approximately $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the sale, the chief executive officer directly owned 23,607 shares in the company, valued at $130,237,930.44. This trade represents a 4.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,195 shares of company stock valued at $23,467,630. 0.16% of the stock is currently owned by insiders.

Booking Stock Down 0.1%

Shares of Booking stock opened at $5,418.05 on Friday. The company’s fifty day moving average is $5,524.95 and its 200 day moving average is $5,297.52. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The stock has a market cap of $175.60 billion, a price-to-earnings ratio of 37.68, a P/E/G ratio of 1.56 and a beta of 1.35.

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

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $9.60 dividend. The ex-dividend date was Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking’s dividend payout ratio is presently 26.71%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BKNG shares. Wells Fargo & Company lifted their price target on Booking from $5,411.00 to $5,418.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Mizuho began coverage on Booking in a research report on Monday. They issued a “neutral” rating and a $5,975.00 target price on the stock. BTIG Research reiterated a “buy” rating and issued a $6,250.00 target price on shares of Booking in a research report on Thursday, September 4th. UBS Group lifted their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the company a “buy” rating in a report on Monday, July 28th. Finally, Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average target price of $5,807.89.

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.