Garner Asset Management Corp Sells 26 Shares of Booking Holdings Inc. $BKNG

Garner Asset Management Corp reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 218 shares of the business services provider’s stock after selling 26 shares during the quarter. Garner Asset Management Corp’s holdings in Booking were worth $1,262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Booking by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock worth $13,620,154,000 after acquiring an additional 30,054 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Booking by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider’s stock worth $4,936,132,000 after purchasing an additional 9,333 shares in the last quarter. Northern Trust Corp raised its stake in shares of Booking by 0.5% in the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock worth $1,706,063,000 after purchasing an additional 1,699 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Booking by 6.6% in the first quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock worth $1,365,170,000 after purchasing an additional 18,268 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in shares of Booking by 578,824.0% during the second quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock valued at $1,675,765,000 after purchasing an additional 289,412 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BKNG. KeyCorp boosted their target price on Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Piper Sandler reiterated a “neutral” rating and issued a $5,750.00 price target (up from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Morgan Stanley set a $6,150.00 price objective on shares of Booking in a research report on Wednesday, October 29th. The Goldman Sachs Group lifted their target price on shares of Booking from $5,640.00 to $6,050.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, UBS Group set a $6,806.00 target price on shares of Booking and gave the company a “buy” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Booking has an average rating of “Moderate Buy” and a consensus target price of $6,141.52.

Insider Buying and Selling

In other news, Director Robert J. Mylod, Jr. sold 40 shares of Booking stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the transaction, the director directly owned 960 shares of the company’s stock, valued at $4,800,000. The trade was a 4.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry Quinlan sold 64 shares of the stock in a transaction that occurred on 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 completion of the sale, the director directly owned 131 shares of the company’s stock, valued at $722,045.80. This represents a 32.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,452 shares of company stock worth $17,987,397 over the last ninety days. 0.16% of the stock is owned by corporate insiders.

Booking Trading Up 0.1%

Shares of BKNG stock opened at $4,911.85 on Thursday. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The stock has a market cap of $158.33 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.57 and a beta of 1.34. The company has a 50 day simple moving average of $5,144.94 and a two-hundred day simple moving average of $5,395.09.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The firm had revenue of $9.01 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, 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 declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be given a $9.60 dividend. The ex-dividend date 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 is presently 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.