3Chopt Investment Partners LLC Has $4.60 Million Stock Position in Booking Holdings Inc. $BKNG

Key Points

• 3Chopt Investment Partners LLC increased its stake in Booking Holdings Inc. by 10.7%, now holding 794 shares worth approximately $4.60 million.
• Booking Holdings has received positive updates from analysts, with price targets raised by UBS Group to $6,300 and Susquehanna to $6,500.
• In the last 90 days, insiders sold a total of 4,195 shares of Booking stock, indicating a decrease in their ownership by 0.16%.

3Chopt Investment Partners LLC grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 10.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 794 shares of the business services provider's stock after purchasing an additional 77 shares during the quarter. Booking makes up approximately 1.1% of 3Chopt Investment Partners LLC's holdings, making the stock its 16th biggest holding. 3Chopt Investment Partners LLC's holdings in Booking were worth $4,597,000 at the end of the most recent quarter.

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

Insider Activity

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total value of $82,500.00. Following the completion of the sale, the director owned 747 shares in the company, valued at $4,108,500. This trade represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Larry Quinlan sold 64 shares of Booking stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the transaction, the director directly owned 131 shares of the company's stock, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,195 shares of company stock valued at $23,467,630. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BKNG shares. UBS Group lifted their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Piper Sandler reaffirmed a "neutral" rating and set a $5,750.00 price objective (up previously from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Susquehanna boosted their target price 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. Wedbush reaffirmed a "neutral" rating and set a $5,900.00 price target on shares of Booking in a research report on Wednesday, July 30th. Finally, BTIG Research reiterated a "buy" rating and issued a $6,250.00 price objective on shares of Booking in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Booking has a consensus rating of "Moderate Buy" and an average target price of $5,808.81.

Booking Trading Up 1.2%

Booking stock opened at $5,191.93 on Friday. The company has a fifty day simple moving average of $5,496.93 and a 200 day simple moving average of $5,314.60. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The company has a market cap of $168.27 billion, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 1.48 and a beta of 1.35.

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

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a dividend of $9.60 per share. The ex-dividend date was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking's dividend payout ratio is currently 26.71%.

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.

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