MV Capital Management Inc. Has $289,000 Position in Booking Holdings Inc. $BKNG

MV Capital Management Inc. lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 16.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50 shares of the business services provider’s stock after selling 10 shares during the period. MV Capital Management Inc.’s holdings in Booking were worth $289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atwood & Palmer Inc. acquired a new stake in shares of Booking during the 2nd quarter valued at $29,000. Westside Investment Management Inc. increased its holdings in Booking by 400.0% in 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. Wealth Preservation Advisors LLC bought a new position in Booking in the first quarter valued at about $28,000. O Brien Wealth Partners LLC bought a new position in Booking in the second quarter valued at about $35,000. Finally, First PREMIER Bank boosted its stake in shares of Booking by 100.0% during the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Up 2.5%

Shares of NASDAQ BKNG opened at $5,175.58 on Thursday. The company has a market capitalization of $166.83 billion, a PE ratio of 33.64, a P/E/G ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The firm has a fifty day simple moving average of $5,281.08 and a 200 day simple moving average of $5,413.02.

Booking (NASDAQ:BKNG) last issued 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. The firm had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business posted $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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 0.7%. Booking’s payout ratio is 24.96%.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the transaction, the chief executive officer owned 23,607 shares in the company, valued at approximately $130,237,930.44. This represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated 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 in the company, valued at $3,873,729.36. This trade represents a 2.01% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 3,437 shares of company stock worth $18,460,963. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several recent research reports. Hsbc Global Res raised Booking to a “strong-buy” rating in a research note on Thursday, July 17th. Gordon Haskett reduced their target price on shares of Booking from $5,680.00 to $5,620.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. Seaport Global Securities raised their price target on shares of Booking from $6,030.00 to $6,260.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Truist Financial set a $5,810.00 price target on shares of Booking in a report on Wednesday, October 29th. Finally, Wedbush raised shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price objective on the stock in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6,121.23.

About Booking

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.