585 Shares in Booking Holdings Inc. $BKNG Acquired by Leo Wealth LLC

Key Points

• Leo Wealth LLC has acquired 585 shares of Booking Holdings Inc., valued at approximately $3,388,000, indicating growing interest from institutional investors.
• The firm reported earnings of $55.40 EPS for the last quarter, exceeding analysts' estimates, alongside a revenue growth of 16.0% year-over-year.
• Analysts have raised their price targets for Booking shares, with Citigroup increasing it to $6,500.00, reflecting strong market sentiment and a consensus rating of "Moderate Buy."

Leo Wealth LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 585 shares of the business services provider's stock, valued at approximately $3,388,000.

Several other large investors have also recently modified their holdings of BKNG. Pacer Advisors Inc. raised its stake in shares of Booking by 1,411.9% during the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock worth $516,900,000 after acquiring an additional 104,780 shares in the last quarter. AQR Capital Management LLC increased its stake in Booking by 79.4% during the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider's stock valued at $695,259,000 after purchasing an additional 68,243 shares in the last quarter. TD Asset Management Inc increased its stake in Booking by 182.2% during the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock valued at $482,081,000 after purchasing an additional 67,562 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Booking by 27.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider's stock valued at $836,223,000 after purchasing an additional 39,523 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Booking by 19.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider's stock valued at $983,707,000 after purchasing an additional 35,171 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Insider Buying and Selling

In related 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 transaction of $82,500.00. Following the sale, the director directly owned 747 shares of the company's stock, valued at approximately $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the sale, the chief executive officer directly owned 23,607 shares in the company, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,195 shares of company stock valued at $23,467,630. Corporate insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on BKNG shares. Truist Financial upped their price target on shares of Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a research note on Monday, July 14th. Hsbc Global Res upgraded shares of Booking to a "strong-buy" rating in a research note on Thursday, July 17th. Citigroup upped their price target on shares of Booking from $5,560.00 to $6,500.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. UBS Group upped their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $6,000.00 price objective (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5,808.81.

Booking Price Performance

BKNG stock opened at $5,131.23 on Thursday. The firm's fifty day simple moving average is $5,503.17 and its 200-day simple moving average is $5,311.28. The company has a market capitalization of $166.30 billion, a P/E ratio of 35.69, a price-to-earnings-growth ratio of 1.51 and a beta of 1.35. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $6.54 billion. During the same period in the prior year, the firm posted $41.90 earnings per share. The firm's quarterly revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.