Matrix Trust Co Increases Position in Booking Holdings Inc. $BKNG

Matrix Trust Co raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 25.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60 shares of the business services provider’s stock after purchasing an additional 12 shares during the period. Matrix Trust Co’s holdings in Booking were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Atwood & Palmer Inc. purchased a new stake in shares of Booking in the 2nd quarter valued at approximately $29,000. Wealth Preservation Advisors LLC purchased a new position in shares of Booking in the 1st quarter valued at $28,000. O Brien Wealth Partners LLC purchased a new position in shares of Booking in the 2nd quarter valued at $35,000. First PREMIER Bank grew its position in shares of Booking by 100.0% in the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after buying an additional 3 shares during the last quarter. Finally, Keystone Global Partners LLC purchased a new position in shares of Booking in the 1st quarter valued at $32,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Up 0.0%

Shares of NASDAQ BKNG opened at $5,444.44 on Friday. Booking Holdings Inc. has a 52 week low of $3,985.57 and a 52 week high of $5,839.41. The firm has a 50-day moving average price of $5,570.86 and a 200 day moving average price of $5,235.05. The stock has a market capitalization of $176.45 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.54 billion. During the same quarter last year, the business earned $41.90 earnings per share. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. Equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $9.60 dividend. The ex-dividend date is Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s dividend payout ratio (DPR) is 26.71%.

Insider Activity at Booking

In related news, Director Larry Quinlan sold 64 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director owned 131 shares in the company, valued at $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the completion of the sale, the director owned 747 shares of the company’s stock, valued at $4,108,500. This trade represents a 1.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,195 shares of company stock worth $23,467,630 over the last 90 days. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Bank of America increased their target price on shares of Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Booking in a research report on Wednesday, July 30th. B. Riley reaffirmed a “buy” rating and issued a $6,700.00 target price (up from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $6,250.00 target price on shares of Booking in a research report on Thursday, September 4th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5,808.81.

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.