Booking (NASDAQ:BKNG) Insider Sells $1,000,000.00 in Stock

Booking Holdings Inc. (NASDAQ:BKNG) insider Paulo Pisano sold 200 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the insider directly owned 1,514 shares of the company’s stock, valued at $7,570,000. This trade represents a 11.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Booking Price Performance

NASDAQ BKNG traded up $18.40 during midday trading on Monday, hitting $4,958.40. 263,198 shares of the company traded hands, compared to its average volume of 245,247. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The company’s 50-day simple moving average is $5,311.14 and its 200-day simple moving average is $5,412.28. The company has a market cap of $159.83 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the prior year, the business posted $83.39 EPS. The firm’s quarterly 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. On average, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

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 dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s payout ratio is 24.96%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. DA Davidson increased their price objective on Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. BTIG Research restated a “buy” rating and set a $6,250.00 price target on shares of Booking in a research note on Wednesday, October 29th. Cantor Fitzgerald dropped their price objective on shares of Booking from $5,590.00 to $5,550.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Seaport Global Securities raised their target price on Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Booking in a research note on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average price target of $6,121.23.

Institutional Trading of Booking

A number of hedge funds have recently modified their holdings of the stock. Atwood & Palmer Inc. acquired a new position in Booking in the second quarter valued at approximately $29,000. Westside Investment Management Inc. increased its holdings in shares of Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares in the last quarter. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Booking by 150.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 3 shares during the period. Guerra Advisors Inc purchased a new stake in Booking during the third quarter worth $27,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in Booking during the first quarter worth $28,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Company 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.