J.W. Cole Advisors Inc. Buys 21 Shares of Booking Holdings Inc. $BKNG

J.W. Cole Advisors Inc. lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 223 shares of the business services provider’s stock after acquiring an additional 21 shares during the period. J.W. Cole Advisors Inc.’s holdings in Booking were worth $1,293,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners lifted its stake in Booking by 16.4% during the second quarter. Boston Partners now owns 101,035 shares of the business services provider’s stock worth $584,063,000 after purchasing an additional 14,204 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Booking by 2.3% during the 2nd quarter. Manchester Capital Management LLC now owns 352 shares of the business services provider’s stock valued at $2,038,000 after buying an additional 8 shares in the last quarter. FourThought Financial Partners LLC lifted its position in Booking by 1.7% in the 2nd quarter. FourThought Financial Partners LLC now owns 119 shares of the business services provider’s stock worth $689,000 after buying an additional 2 shares during the last quarter. Laurel Wealth Advisors LLC lifted its position in Booking by 578,824.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock worth $1,675,765,000 after buying an additional 289,412 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in Booking by 14.1% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 550 shares of the business services provider’s stock worth $3,184,000 after buying an additional 68 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of recent research reports. Citigroup restated a “market outperform” rating on shares of Booking in a report on Wednesday, October 29th. BTIG Research reiterated a “buy” rating and issued a $6,250.00 price objective on shares of Booking in a report on Wednesday, October 29th. DA Davidson raised their price target on Booking from $6,500.00 to $6,600.00 and gave the stock a “buy” rating in a research 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 company a “buy” rating in a research report on Tuesday, October 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $6,000.00 target price (up from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6,121.23.

Booking Stock Up 0.4%

Shares of Booking stock opened at $4,958.40 on Tuesday. The business has a 50 day moving average of $5,298.33 and a 200 day moving average of $5,413.19. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The company has a market cap of $159.83 billion, a PE ratio of 32.23, a P/E/G 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 (EPS) for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The business had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same period in the previous year, the firm earned $83.39 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share 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 paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s dividend payout ratio is presently 24.96%.

Insiders Place Their Bets

In related news, CEO Glenn D. Fogel sold 625 shares of Booking stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the sale, the chief executive officer directly owned 22,982 shares in the company, valued at $118,162,642.46. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the completion of the transaction, the director owned 131 shares of the company’s stock, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,437 shares of company stock valued at $18,460,963 over the last ninety days. 0.16% of the stock is owned by corporate insiders.

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.