Merit Financial Group LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,446 shares of the business services provider's stock after purchasing an additional 112 shares during the period. Merit Financial Group LLC's holdings in Booking were worth $8,369,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. acquired a new stake in shares of Booking in the second quarter valued at $29,000. Wealth Preservation Advisors LLC bought a new stake in Booking in the first quarter worth about $28,000. O Brien Wealth Partners LLC bought a new stake in Booking in the second quarter worth about $35,000. First PREMIER Bank lifted its holdings in Booking by 100.0% in the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock valued at $35,000 after acquiring an additional 3 shares during the last quarter. Finally, Keystone Global Partners LLC bought a new position in shares of Booking during the 1st quarter valued at about $32,000. 92.42% of the stock is owned by institutional investors.
Booking Price Performance
Shares of NASDAQ:BKNG opened at $5,418.05 on Monday. The stock has a market capitalization of $175.60 billion, a P/E ratio of 37.68, a P/E/G ratio of 1.56 and a beta of 1.35. The business has a 50-day moving average of $5,524.95 and a two-hundred day moving average of $5,307.41. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41.
Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The firm's revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Announces Dividend
The company also recently disclosed 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. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 5th. Booking's dividend payout ratio is currently 26.71%.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Barclays boosted their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Bank of America upped their price target on Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Weiss Ratings reissued a "buy (b+)" rating on shares of Booking in a research note on Saturday, September 27th. Evercore ISI lifted their target price on Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,807.89.
Read Our Latest Report on BKNG
Insider Activity at Booking
In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction 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 $134,841,031.80. The trade was a 3.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of the company's 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 owned 747 shares of the company's stock, valued at $4,108,500. This trade represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,195 shares of company stock worth $23,467,630. 0.16% of the stock is owned by insiders.
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
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