Charles Schwab Investment Management Inc. Purchases 609 Shares of Booking Holdings Inc. $BKNG

Charles Schwab Investment Management Inc. raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 222,809 shares of the business services provider’s stock after buying an additional 609 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Booking were worth $1,289,895,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Brighton Jones LLC boosted its holdings in Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Booking during the 4th quarter worth about $209,000. IFP Advisors Inc lifted its position in Booking by 11.0% during the 1st quarter. IFP Advisors Inc now owns 81 shares of the business services provider’s stock worth $372,000 after buying an additional 8 shares in the last quarter. PFG Advisors boosted its stake in shares of Booking by 14.3% during the 1st quarter. PFG Advisors now owns 80 shares of the business services provider’s stock worth $369,000 after buying an additional 10 shares during the last quarter. Finally, AE Wealth Management LLC grew its holdings in shares of Booking by 6.7% in the 1st quarter. AE Wealth Management LLC now owns 352 shares of the business services provider’s stock valued at $1,622,000 after acquiring an additional 22 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. B. Riley upped their target price on Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $6,000.00 price target (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. UBS Group set a $6,806.00 price objective on Booking and gave the company a “buy” rating in a report on Wednesday, October 29th. Benchmark raised their target price on shares of Booking from $6,200.00 to $6,400.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Morgan Stanley set a $6,150.00 target price on shares of Booking in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6,139.21.

Insider Activity at Booking

In other news, 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 sale, the insider owned 1,514 shares in the company, valued at $7,570,000. The trade was a 11.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $5,030.00, for a total value of $75,450.00. Following the completion of the transaction, the director directly owned 717 shares in the company, valued at $3,606,510. The trade was a 2.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,452 shares of company stock valued at $17,987,397. 0.16% of the stock is currently owned by insiders.

Booking Trading Up 4.0%

BKNG opened at $4,768.00 on Friday. The stock’s fifty day simple moving average is $5,182.84 and its 200 day simple moving average is $5,400.37. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The stock has a market cap 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.

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

Booking Dividend Announcement

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