Booking Holdings Inc. $BKNG Stock Position Trimmed by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,946 shares of the business services provider’s stock after selling 3,484 shares during the period. Rhumbline Advisers’ holdings in Booking were worth $387,566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Preservation Advisors LLC bought a new stake in shares of Booking during the first quarter valued at approximately $28,000. Atwood & Palmer Inc. acquired a new stake in Booking in the 2nd quarter valued at approximately $29,000. Westside Investment Management Inc. increased its position in Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 4 shares during the period. Keystone Global Partners LLC bought a new stake in Booking during the 1st quarter valued at $32,000. Finally, O Brien Wealth Partners LLC acquired a new position in Booking during the 2nd quarter worth $35,000. Institutional investors own 92.42% of the company’s stock.

Insider Activity

In other news, Director Robert J. Mylod, Jr. sold 40 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $200,000.00. Following the completion of the sale, the director owned 960 shares of the company’s stock, valued at $4,800,000. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Larry Quinlan sold 64 shares of Booking stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the transaction, the director owned 131 shares in the company, valued at $722,045.80. This represents a 32.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,452 shares of company stock worth $17,987,397. Company insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BKNG shares. Sanford C. Bernstein reissued a “market perform” rating and set a $5,433.00 price target on shares of Booking in a report on Thursday, October 30th. Mizuho set a $6,000.00 price objective on shares of Booking in a research note on Wednesday, October 29th. BMO Capital Markets restated an “outperform” rating and issued a $6,000.00 target price (up from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Rothschild & Co Redburn increased their price target on Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, DA Davidson lifted their price target on Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $6,139.21.

Booking Stock Up 4.0%

Shares of Booking stock opened at $4,768.00 on Friday. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The firm has a market capitalization of $153.69 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. The stock’s fifty day moving average is $5,182.84 and its 200-day moving average is $5,398.75.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The firm had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter last year, the business posted $83.39 EPS. Booking’s revenue was up 12.7% on a year-over-year basis. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be paid a $9.60 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.8%. Booking’s dividend payout ratio (DPR) 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.