Booking Holdings Inc. $BKNG Shares Acquired by Covey Capital Advisors LLC

Covey Capital Advisors LLC increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,117 shares of the business services provider’s stock after purchasing an additional 11 shares during the quarter. Booking comprises about 7.0% of Covey Capital Advisors LLC’s portfolio, making the stock its 4th biggest holding. Covey Capital Advisors LLC’s holdings in Booking were worth $6,467,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of BKNG. Wealth Preservation Advisors LLC acquired a new stake in Booking in the first quarter worth about $28,000. Atwood & Palmer Inc. acquired a new stake in Booking in the second quarter worth about $29,000. Keystone Global Partners LLC acquired a new stake in shares of Booking in the first quarter valued at $32,000. O Brien Wealth Partners LLC bought a new position in Booking during the second quarter valued at about $35,000. Finally, First PREMIER Bank boosted its stake in Booking by 100.0% during the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after buying an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BKNG. Morgan Stanley set a $6,150.00 target price on Booking in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Barclays raised their target price on Booking from $6,000.00 to $6,250.00 and gave the company an “overweight” rating in a research note on Wednesday. Robert W. Baird set a $6,325.00 target price on Booking in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Booking in a research note on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $6,117.90.

Booking Trading Up 0.1%

NASDAQ BKNG opened at $5,080.21 on Friday. The stock’s 50-day moving average price is $5,394.07 and its two-hundred day moving average price is $5,384.14. The company has a market cap of $164.65 billion, a PE ratio of 33.02, a PEG ratio of 1.57 and a beta of 1.35. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 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 the consensus estimate of $95.56 by $3.94. The firm had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s payout ratio is presently 24.96%.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 625 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the completion of the sale, the chief executive officer directly owned 22,982 shares of the company’s stock, valued at approximately $118,162,642.46. This represents a 2.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the completion of the sale, the director directly 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 3,197 shares of company stock valued at $17,260,963. Corporate 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.