Hillsdale Investment Management Inc. Acquires 970 Shares of Booking Holdings Inc. $BKNG

Hillsdale Investment Management Inc. boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 228.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,394 shares of the business services provider’s stock after acquiring an additional 970 shares during the period. Hillsdale Investment Management Inc.’s holdings in Booking were worth $8,070,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BKNG. Y Intercept Hong Kong Ltd increased its holdings in shares of Booking by 15.6% during the second quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock valued at $2,958,000 after acquiring an additional 69 shares in the last quarter. Vontobel Holding Ltd. grew its position in Booking by 18.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock valued at $437,284,000 after purchasing an additional 11,829 shares during the last quarter. Covey Capital Advisors LLC increased its stake in Booking by 1.0% during the 2nd quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock valued at $6,467,000 after purchasing an additional 11 shares in the last quarter. Atria Investments Inc increased its stake in Booking by 12.7% during the 2nd quarter. Atria Investments Inc now owns 2,291 shares of the business services provider’s stock valued at $13,262,000 after purchasing an additional 259 shares in the last quarter. Finally, Vest Financial LLC raised its holdings in Booking by 0.7% in the second quarter. Vest Financial LLC now owns 9,090 shares of the business services provider’s stock worth $52,624,000 after buying an additional 61 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

BKNG stock opened at $4,583.10 on Friday. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The company has a market cap of $147.73 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. The stock’s fifty day moving average price is $5,196.65 and its 200-day moving average price is $5,401.69.

Booking (NASDAQ:BKNG) last posted its earnings results 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. The company had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.Booking’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Bank of America increased their price target on shares of Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Sanford C. Bernstein reiterated a “market perform” rating and set a $5,433.00 target price on shares of Booking in a research note on Thursday, October 30th. Cantor Fitzgerald decreased their price target 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Booking in a report on Monday. Finally, Susquehanna increased their price objective on Booking from $6,000.00 to $6,500.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6,139.21.

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the stock in a transaction that occurred 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 directly owned 131 shares in the company, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paulo Pisano sold 200 shares of Booking stock in a transaction 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 transaction, the insider owned 1,514 shares in the company, valued at $7,570,000. This represents a 11.67% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,452 shares of company stock worth $17,987,397. 0.16% of the stock is owned by corporate insiders.

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.