F m Investments LLC Cuts Stock Holdings in Booking Holdings Inc. $BKNG

F m Investments LLC cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 83.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 85 shares of the business services provider’s stock after selling 421 shares during the quarter. F m Investments LLC’s holdings in Booking were worth $492,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Atwood & Palmer Inc. acquired a new position in Booking in the second quarter valued at $29,000. Westside Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 4 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Booking during the 1st quarter worth about $28,000. O Brien Wealth Partners LLC acquired a new stake in Booking during the 2nd quarter worth approximately $35,000. Finally, First PREMIER Bank raised its holdings in Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after buying an additional 3 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Booking

In other news, Director Robert J. Mylod, Jr. sold 40 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $200,000.00. Following the sale, the director owned 960 shares in the company, valued at approximately $4,800,000. This represents a 4.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the transaction, the chief executive officer owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,452 shares of company stock valued at $17,987,397. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on BKNG. Wedbush upgraded shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price objective for the company in a research note on Thursday, November 13th. The Goldman Sachs Group increased their price target on Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Cantor Fitzgerald lowered their target price on Booking from $5,590.00 to $5,550.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Finally, BTIG Research reissued a “buy” rating and set a $6,250.00 price target on shares of Booking in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6,141.52.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $4,912.08 on Friday. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The stock’s 50-day simple moving average is $5,123.68 and its 200-day simple moving average is $5,390.66. The firm has a market cap of $158.34 billion, a price-to-earnings ratio of 31.93, a PEG 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, beating 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 analyst estimates of $8.71 billion. During the same quarter last year, the firm earned $83.39 EPS. Booking’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. As a group, research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be issued a $9.60 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $38.40 annualized dividend and a yield of 0.8%. Booking’s dividend payout ratio is currently 24.96%.

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.