Booking Holdings Inc. $BKNG Shares Sold by Beacon Investment Advisory Services Inc.

Key Points

• Beacon Investment Advisory Services Inc. has reduced its position in Booking Holdings Inc. by 1.0%, owning 7,660 shares worth approximately $44.35 million, making it the firm's 13th largest holding.
• Several institutional investors significantly increased their stakes in Booking, with GAMMA Investing LLC raising its holdings by an extraordinary 521,609.7% in the first quarter.
• Booking Holdings Inc. reported a strong quarterly earnings of $55.40 per share, exceeding analysts' expectations and indicating a 16.0% increase in revenue year-over-year.

Beacon Investment Advisory Services Inc. lowered its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,660 shares of the business services provider's stock after selling 80 shares during the quarter. Booking accounts for approximately 2.0% of Beacon Investment Advisory Services Inc.'s holdings, making the stock its 13th biggest holding. Beacon Investment Advisory Services Inc.'s holdings in Booking were worth $44,346,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BKNG. GAMMA Investing LLC lifted its holdings in Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after buying an additional 2,362,892 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Booking by 1,411.9% in the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock valued at $516,900,000 after purchasing an additional 104,780 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Booking by 79.4% in 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 raised its stake in shares of Booking by 182.2% in 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. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Booking by 27.8% in 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. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Trading Up 0.3%

NASDAQ:BKNG opened at $5,525.60 on Thursday. Booking Holdings Inc. has a 1 year low of $4,060.98 and a 1 year high of $5,839.41. The firm's fifty day simple moving average is $5,558.70 and its 200 day simple moving average is $5,248.07. The firm has a market capitalization of $179.08 billion, a PE ratio of 38.43, a PEG ratio of 1.59 and a beta of 1.39.

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

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $9.60 dividend. The ex-dividend date of this dividend is 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%.

Insider Buying and Selling at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated 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 in the company, valued at approximately $4,108,500. The trade was a 1.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the director owned 131 shares in the company, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,195 shares of company stock valued at $23,467,630 in the last ninety days. Company insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BKNG shares. Morgan Stanley set a $5,650.00 target price on shares of Booking and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. BMO Capital Markets restated an "outperform" rating and issued a $6,000.00 target price (up previously from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a research report on Wednesday, July 30th. UBS Group boosted their price objective on shares of Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, Erste Group Bank upgraded shares of Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Three 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 stock. According to data from MarketBeat.com, Booking has an average rating of "Moderate Buy" and a consensus target price of $5,808.81.

Booking Company 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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