Marshall & Sullivan Inc. WA cut its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,314 shares of the business services provider's stock after selling 49 shares during the period. Booking comprises approximately 3.7% of Marshall & Sullivan Inc. WA's portfolio, making the stock its 4th largest position. Marshall & Sullivan Inc. WA's holdings in Booking were worth $7,607,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new position in Booking in the second quarter worth $29,000. Wealth Preservation Advisors LLC bought a new stake in Booking in the first quarter worth $28,000. O Brien Wealth Partners LLC bought a new stake in Booking in the second quarter worth $35,000. Keystone Global Partners LLC bought a new stake in Booking in the first quarter worth $32,000. Finally, Activest Wealth Management lifted its stake in Booking by 300.0% in the first quarter. Activest Wealth Management now owns 8 shares of the business services provider's stock worth $37,000 after purchasing an additional 6 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Booking
In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the completion of the transaction, the chief executive officer owned 24,620 shares of the company's stock, valued at approximately $134,841,031.80. This trade represents a 3.95% 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 firm's stock in a transaction that occurred 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 transaction, the director directly owned 747 shares of the company's stock, valued at $4,108,500. This represents a 1.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,195 shares of company stock valued at $23,467,630. Corporate insiders own 0.16% of the company's stock.
Booking Price Performance
Shares of NASDAQ BKNG opened at $5,444.44 on Friday. Booking Holdings Inc. has a 1 year low of $3,985.57 and a 1 year high of $5,839.41. The company's 50-day moving average is $5,570.86 and its 200 day moving average is $5,232.86. The stock has a market capitalization of $176.45 billion, a P/E ratio of 37.86, a P/E/G ratio of 1.57 and a beta of 1.39.
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, 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 company had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter in the previous year, the company earned $41.90 earnings per share. Booking's quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $9.60 per share. The ex-dividend date of this dividend is 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 (DPR) is currently 26.71%.
Analyst Ratings Changes
Several analysts have weighed in on BKNG shares. Erste Group Bank raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Citigroup boosted their price target on shares of Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Morgan Stanley set a $5,650.00 price target on shares of Booking and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. DA Davidson boosted their price target on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Evercore ISI boosted their price target on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,808.81.
Check Out Our Latest Research Report on BKNG
About Booking
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).
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