Keybank National Association OH Has $65.04 Million Position in Booking Holdings Inc. $BKNG

Keybank National Association OH cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,235 shares of the business services provider’s stock after selling 453 shares during the quarter. Keybank National Association OH’s holdings in Booking were worth $65,042,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. HBK Sorce Advisory LLC lifted its holdings in Booking by 5.6% during the 2nd quarter. HBK Sorce Advisory LLC now owns 151 shares of the business services provider’s stock worth $874,000 after buying an additional 8 shares during the period. Premier Path Wealth Partners LLC lifted its holdings in Booking by 1.0% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 207 shares of the business services provider’s stock worth $1,200,000 after buying an additional 2 shares during the period. Arkadios Wealth Advisors lifted its holdings in Booking by 22.7% during the 2nd quarter. Arkadios Wealth Advisors now owns 1,238 shares of the business services provider’s stock worth $7,168,000 after buying an additional 229 shares during the period. Barnes Dennig Private Wealth Management LLC lifted its holdings in Booking by 100.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock worth $35,000 after buying an additional 3 shares during the period. Finally, World Investment Advisors lifted its holdings in Booking by 5.4% during the 2nd quarter. World Investment Advisors now owns 2,745 shares of the business services provider’s stock worth $15,891,000 after buying an additional 141 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

BKNG stock opened at $5,075.86 on Thursday. The stock’s 50 day simple moving average is $5,406.68 and its 200 day simple moving average is $5,386.27. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The company has a market cap of $164.51 billion, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 1.58 and a beta of 1.35.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. Booking had a negative return on equity of 129.67% and a net margin of 19.37%.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 prior year, the business earned $83.39 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company 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 dividend of $9.60 per share. 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 26.71%.

Analyst Ratings Changes

Several research analysts have commented on the company. Susquehanna lifted their target price on Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Wedbush set a $6,000.00 price objective on Booking and gave the company a “neutral” rating in a research note on Wednesday. Gordon Haskett dropped their price objective on Booking from $5,680.00 to $5,620.00 and set a “hold” rating on the stock in a research note on Wednesday. Wells Fargo & Company boosted their price objective on Booking from $5,443.00 to $5,523.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, UBS Group set a $6,806.00 price objective on Booking and gave the company a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $6,132.29.

Insider Buying and Selling

In related news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the transaction, the director directly owned 732 shares of the company’s stock, valued at approximately $3,873,729.36. This represents a 2.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 1,013 shares of the company’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 value of $5,588,639.96. Following the transaction, the chief executive officer directly owned 23,607 shares in the company, valued at approximately $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,197 shares of company stock valued at $17,260,963. 0.16% of the stock is owned by company 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.