MAI Capital Management Sells 930 Shares of Booking Holdings Inc. $BKNG

MAI Capital Management lessened its position in Booking Holdings Inc. (NASDAQ:BKNG) by 7.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,325 shares of the business services provider’s stock after selling 930 shares during the period. MAI Capital Management’s holdings in Booking were worth $71,352,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Wealth Preservation Advisors LLC acquired a new stake in Booking in the 1st quarter valued at $28,000. Atwood & Palmer Inc. bought a new position in shares of Booking in the second quarter valued at $29,000. Westside Investment Management Inc. grew its holdings in shares of Booking by 400.0% during the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after buying an additional 4 shares during the last quarter. Keystone Global Partners LLC bought a new stake in shares of Booking during the first quarter worth about $32,000. Finally, O Brien Wealth Partners LLC bought a new stake in shares of Booking during the second quarter worth about $35,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Booking

In other Booking news, Director Robert J. Mylod, Jr. sold 40 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $200,000.00. Following the sale, the director directly owned 960 shares in the company, valued at $4,800,000. The trade was a 4.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $5,030.00, for a total value of $75,450.00. Following the transaction, the director owned 717 shares of the company’s stock, valued at $3,606,510. The trade was a 2.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 3,452 shares of company stock worth $17,987,397. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

BKNG has been the subject of a number of analyst reports. Susquehanna lifted their price target on Booking from $6,000.00 to $6,500.00 and gave the company a “positive” rating in a research note on Friday, August 1st. DA Davidson lifted their target price on Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Piper Sandler reissued a “neutral” rating and issued a $5,750.00 price target (up from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $5,433.00 price objective on shares of Booking in a report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6,139.21.

Booking Price Performance

Shares of Booking stock opened at $4,583.10 on Friday. The firm has a market cap of $147.73 billion, a PE ratio of 29.79, a P/E/G ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The stock has a fifty day moving average price of $5,196.65 and a 200-day moving average price of $5,401.69.

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, beating the consensus estimate of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same quarter in the prior year, the business earned $83.39 earnings per share. 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. As a group, equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

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.