Savvy Advisors Inc. Increases Position in Booking Holdings Inc. $BKNG

Savvy Advisors Inc. lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 93.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 145 shares of the business services provider’s stock after buying an additional 70 shares during the period. Savvy Advisors Inc.’s holdings in Booking were worth $841,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vontobel Holding Ltd. raised its stake in Booking by 18.6% during the second quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after purchasing an additional 11,829 shares during the period. Y Intercept Hong Kong Ltd raised its stake in Booking by 15.6% during the second quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock worth $2,958,000 after purchasing an additional 69 shares during the period. Sequoia Financial Advisors LLC raised its stake in Booking by 20.0% during the second quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock worth $6,090,000 after purchasing an additional 175 shares during the period. Vest Financial LLC raised its stake in Booking by 0.7% during the second quarter. Vest Financial LLC now owns 9,090 shares of the business services provider’s stock worth $52,624,000 after purchasing an additional 61 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Booking by 9.5% in the 2nd quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock valued at $1,297,331,000 after acquiring an additional 19,578 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Rothschild & Co Redburn raised their target price on shares of Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. B. Riley raised their target price on shares of Booking from $6,700.00 to $6,800.00 and gave the company a “buy” rating in a research note on Wednesday. DA Davidson raised their target price on shares of Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Gordon Haskett cut 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 research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average price target of $6,121.23.

Booking Price Performance

Booking stock opened at $5,077.74 on Friday. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The company has a market capitalization of $164.57 billion, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. The firm’s fifty day moving average price is $5,381.21 and its 200 day moving average price is $5,387.76.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter in the previous year, the firm posted $83.39 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal 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. 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%.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 625 shares of Booking stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the sale, the chief executive officer owned 22,982 shares of the company’s stock, valued at $118,162,642.46. The trade was a 2.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,197 shares of company stock valued at $17,260,963 in the last quarter. Company insiders own 0.16% of the company’s stock.

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.