Booking Holdings Inc. $BKNG Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2,648.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 603,691 shares of the business services provider’s stock after acquiring an additional 581,730 shares during the quarter. NEOS Investment Management LLC’s holdings in Booking were worth $107,602,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Booking during the second quarter worth $11,687,000. MBM Wealth Consultants LLC lifted its stake in shares of Booking by 2,860.8% in the second quarter. MBM Wealth Consultants LLC now owns 12,554 shares of the business services provider’s stock worth $2,238,000 after buying an additional 12,130 shares in the last quarter. Life Cycle Investment Partners Ltd purchased a new position in shares of Booking in the fourth quarter worth about $361,463,000. Merit Financial Group LLC boosted its position in Booking by 1,663.9% during the second quarter. Merit Financial Group LLC now owns 28,698 shares of the business services provider’s stock worth $5,115,000 after acquiring an additional 27,071 shares during the last quarter. Finally, Rit Capital Partners PLC acquired a new position in Booking during the fourth quarter worth about $51,396,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Booking

In related news, Director Robert Mylod, Jr. sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $200.00, for a total value of $200,000.00. Following the sale, the director directly owned 14,000 shares in the company, valued at approximately $2,800,000. The trade was a 6.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Wittman sold 375 shares of the stock in a transaction dated 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 approximately $3,404,063. This trade represents a 2.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 81,550 shares of company stock worth $16,922,744 in the last 90 days. Insiders own 0.17% of the company’s stock.

Booking Stock Performance

Shares of Booking stock opened at $195.13 on Friday. The stock has a 50 day moving average of $194.07 and a 200 day moving average of $178.29. The firm has a market capitalization of $146.62 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.24 and a beta of 1.07. Booking Holdings Inc. has a fifty-two week low of $150.14 and a fifty-two week high of $226.10.

Booking (NASDAQ:BKNG) last posted its earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The company had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the previous year, the business earned $55.40 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts forecast that Booking Holdings Inc. will post 10.48 EPS for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 11th. Booking’s dividend payout ratio (DPR) is presently 18.58%.

More Booking News

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Rosenblatt initiated coverage with a Strong Buy recommendation and reportedly set a $245 price target, indicating substantial potential upside from recent trading levels. The bullish view may support BKNG by highlighting its positioning among online travel companies. Rosenblatt initiates coverage of Booking Holdings
• Positive Sentiment: Booking’s capital-return profile remains attractive. A recent analysis noted that the company’s dividend and share repurchases together produce a total shareholder yield above 7%, which could appeal to value and income-oriented investors. Booking Holdings dividend and buyback analysis
• Positive Sentiment: Fundamentally, the latest quarter included earnings of $2.54 per share versus a $2.43 consensus estimate and revenue of $7.35 billion versus expectations of $7.19 billion. Revenue grew 8.1% year over year, while Booking declared a quarterly dividend of $0.42 per share.
• Neutral Sentiment: Analyst commentary is generally favorable, but the stock’s post-earnings performance indicates that strong results have not yet translated into sustained upward momentum. Investors are likely focused on updated forecasts and the outlook for travel demand.
• Negative Sentiment: Recent insider selling adds a modest negative headline. Director Robert Mylod Jr. sold 1,000 shares for $200,000, following insider Paulo Pisano’s sale of 3,000 shares for approximately $610,440. Both transactions were made under pre-arranged Rule 10b5-1 plans, limiting their value as signals of deteriorating business prospects. Booking Holdings director stock sale

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. B. Riley Financial reaffirmed a “buy” rating and set a $274.00 price objective (up from $264.00) on shares of Booking in a research note on Wednesday, August 5th. Jefferies Financial Group boosted their target price on Booking from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Tuesday, July 14th. BTIG Research restated a “buy” rating and issued a $250.00 price target on shares of Booking in a research report on Thursday, August 27th. Sanford C. Bernstein restated a “market perform” rating and issued a $188.00 price target on shares of Booking in a research report on Wednesday, August 26th. Finally, Citigroup reaffirmed a “buy” rating and issued a $236.00 price target (up from $225.00) on shares of Booking in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $236.70.

About Booking

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.