MGO One Seven LLC lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 19.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 567 shares of the business services provider's stock after selling 139 shares during the period. MGO One Seven LLC's holdings in Booking were worth $3,283,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Cypress Capital Group purchased a new stake in shares of Booking during the second quarter worth about $677,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Booking by 6.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 39,692 shares of the business services provider's stock worth $227,464,000 after buying an additional 2,563 shares in the last quarter. Clarendon Private LLC boosted its position in Booking by 13.9% during the second quarter. Clarendon Private LLC now owns 237 shares of the business services provider's stock worth $1,372,000 after acquiring an additional 29 shares during the last quarter. CCG Wealth Management LLC boosted its position in Booking by 7.1% during the second quarter. CCG Wealth Management LLC now owns 106 shares of the business services provider's stock worth $614,000 after acquiring an additional 7 shares during the last quarter. Finally, CWM LLC boosted its position in Booking by 5.7% during the second quarter. CWM LLC now owns 3,469 shares of the business services provider's stock worth $20,082,000 after acquiring an additional 186 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.
Insiders Place Their Bets
In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the transaction, the director owned 747 shares in the company, valued at $4,108,500. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the transaction, the chief executive officer owned 23,607 shares in the company, valued at approximately $130,237,930.44. This represents a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,169 shares of company stock worth $11,929,560 over the last quarter. 0.16% of the stock is owned by corporate insiders.
Booking Stock Up 1.7%
Shares of BKNG stock opened at $5,253.85 on Tuesday. The stock has a market cap of $170.28 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.35. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The firm's 50 day moving average price is $5,488.05 and its two-hundred day moving average price is $5,329.42.
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 for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. Booking's revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, September 5th. Booking's payout ratio is currently 26.71%.
Analysts Set New Price Targets
A number of brokerages have recently commented on BKNG. Piper Sandler reaffirmed a "neutral" rating and issued a $5,750.00 price objective (up previously from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Weiss Ratings reissued a "buy (b+)" rating on shares of Booking in a research note on Saturday, September 27th. Cantor Fitzgerald reissued a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Wells Fargo & Company raised their price target on Booking from $5,418.00 to $5,443.00 and gave the stock an "equal weight" rating in a research note on Monday, October 6th. Finally, Benchmark reissued a "buy" rating and issued a $6,200.00 target price (up from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,808.81.
Get Our Latest Research Report on Booking
About Booking
(
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.
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