J. W. Coons Advisors LLC Acquires 174 Shares of Booking Holdings Inc. $BKNG

J. W. Coons Advisors LLC boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 60.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 464 shares of the business services provider’s stock after purchasing an additional 174 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Booking were worth $2,686,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new stake in shares of Booking in the 1st quarter valued at about $28,000. Atwood & Palmer Inc. bought a new stake in Booking during the 2nd quarter worth approximately $29,000. Westside Investment Management Inc. increased its stake in Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4 shares in the last quarter. Keystone Global Partners LLC bought a new stake in Booking during the 1st quarter worth approximately $32,000. Finally, O Brien Wealth Partners LLC bought a new stake in Booking during the 2nd quarter worth approximately $35,000. 92.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank Of Canada increased their target price on Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Sanford C. Bernstein reissued a “market perform” rating and set a $5,433.00 target price on shares of Booking in a research note on Thursday. The Goldman Sachs Group increased their target price on Booking from $5,640.00 to $6,050.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. B. Riley increased their target price on Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Truist Financial set a $5,810.00 price target on Booking in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Booking has an average rating of “Moderate Buy” and an average price target of $6,121.23.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the sale, the chief executive officer owned 23,607 shares in the company, valued at $130,237,930.44. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the business’s 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 sale, the director owned 131 shares of the company’s stock, valued at approximately $722,045.80. This represents a 32.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,197 shares of company stock valued at $17,260,963. 0.16% of the stock is currently owned by company insiders.

Booking Stock Down 0.9%

NASDAQ:BKNG opened at $5,030.55 on Tuesday. The stock’s 50-day simple moving average is $5,367.75 and its 200 day simple moving average is $5,402.40. The firm has a market capitalization of $162.15 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping the consensus estimate of $95.56 by $3.94. The company had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business’s quarterly revenue 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. On average, analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid 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 payout ratio 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.