Concurrent Investment Advisors LLC Has $1.89 Million Position in Booking Holdings Inc. $BKNG

Key Points

• Concurrent Investment Advisors LLC increased its stake in Booking Holdings Inc. by 33.5%, bringing its total holdings to $1.89 million after purchasing 82 additional shares in the second quarter.
• Booking Holdings reported earnings of $55.40 EPS for the latest quarter, exceeding estimates by $5.08, with revenues up 16.0% compared to the previous year.
• The company announced a quarterly dividend of $9.60 per share, yielding 0.7%, and recorded a payout ratio of 26.71%.

Concurrent Investment Advisors LLC lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 33.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 327 shares of the business services provider's stock after purchasing an additional 82 shares during the period. Concurrent Investment Advisors LLC's holdings in Booking were worth $1,894,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fidelis Capital Partners LLC increased its holdings in shares of Booking by 1.2% in the first quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock valued at $809,000 after purchasing an additional 2 shares in the last quarter. WNY Asset Management LLC boosted its stake in Booking by 3.7% in the first quarter. WNY Asset Management LLC now owns 56 shares of the business services provider's stock valued at $258,000 after acquiring an additional 2 shares during the last quarter. Gries Financial LLC boosted its stake in Booking by 1.6% in the first quarter. Gries Financial LLC now owns 125 shares of the business services provider's stock valued at $576,000 after acquiring an additional 2 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in Booking by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock valued at $1,854,000 after acquiring an additional 2 shares during the last quarter. Finally, Nicolet Advisory Services LLC boosted its stake in Booking by 0.8% in the first quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider's stock valued at $1,070,000 after acquiring an additional 2 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Trading Up 0.5%

BKNG opened at $5,280.14 on Wednesday. The stock has a market capitalization of $171.13 billion, a P/E ratio of 36.72, a P/E/G ratio of 1.63 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. The firm's fifty day simple moving average is $5,484.50 and its 200 day simple moving average is $5,329.08.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating the consensus estimate of $50.32 by $5.08. The business 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%. The firm's revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, equities research analysts predict 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. Investors of record on Friday, September 5th were given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, September 5th. Booking's payout ratio is currently 26.71%.

Insider Activity at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the sale, the chief executive officer directly owned 23,607 shares in the company, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vanessa Ames Wittman sold 15 shares of Booking 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 completion of the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,169 shares of company stock valued at $11,929,560. 0.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Susquehanna raised their price objective on shares of Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Morgan Stanley set a $5,650.00 price objective on shares of Booking and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Hsbc Global Res raised shares of Booking to a "strong-buy" rating in a research note on Thursday, July 17th. 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 research note on Wednesday, July 30th. Finally, Wells Fargo & Company lifted their price target on shares of Booking from $5,418.00 to $5,443.00 and gave the stock an "equal weight" rating in a research report on Monday, October 6th. 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 company's stock. Based on data from MarketBeat.com, the company currently 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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