Booking Holdings Inc. $BKNG Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 20.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,447 shares of the business services provider’s stock after selling 363 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Booking were worth $8,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BKNG. Pacer Advisors Inc. lifted its holdings in shares of Booking by 1,411.9% in the first quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider’s stock valued at $516,900,000 after purchasing an additional 104,780 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Booking by 79.4% during the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock worth $695,259,000 after purchasing an additional 68,243 shares in the last quarter. TD Asset Management Inc raised its position in shares of Booking by 182.2% during the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider’s stock worth $482,081,000 after purchasing an additional 67,562 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Booking by 27.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider’s stock valued at $836,223,000 after buying an additional 39,523 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Booking by 19.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider’s stock valued at $983,707,000 after buying an additional 35,171 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of analyst reports. Seaport Global Securities boosted their price target on Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Rothschild & Co Redburn boosted their target price on shares of Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $5,433.00 price target on shares of Booking in a research note on Thursday, October 30th. Hsbc Global Res upgraded shares of Booking to a “strong-buy” rating in a report on Thursday, July 17th. Finally, Barclays raised their target price on shares of Booking from $6,000.00 to $6,250.00 and gave the stock an “overweight” rating in a research 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 company. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $6,121.23.

Insider Transactions at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the transaction, the director owned 131 shares in the company, valued at $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the 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 completion of the sale, the director owned 732 shares of the company’s stock, valued at approximately $3,873,729.36. This trade represents a 2.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,197 shares of company stock valued at $17,260,963 over the last 90 days. Corporate insiders own 0.16% of the company’s stock.

Booking Stock Down 0.2%

Shares of NASDAQ BKNG opened at $4,899.05 on Friday. The stock has a market capitalization of $157.92 billion, a PE ratio of 31.84, a P/E/G ratio of 1.57 and a beta of 1.34. The firm has a fifty day moving average of $5,324.32 and a 200-day moving average of $5,398.40. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping the consensus estimate of $95.56 by $3.94. The company had revenue of $9.01 billion during 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%.The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid 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 currently 24.96%.

Booking 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.