Corient IA LLC Makes New Investment in Booking Holdings Inc. $BKNG

Key Points

• Corient IA LLC invested $691,000 in Booking Holdings Inc. by acquiring 150 shares during the first quarter.
• Booking Holdings reported $55.40 Earnings Per Share (EPS) for the last quarter, surpassing estimates, with revenue of $6.80 billion, a 16% increase year-over-year.
• The company declared a quarterly dividend of $9.60 per share, set to be paid on September 30th, with a current yield of 0.7% and a payout ratio of 26.71%.

Corient IA LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 150 shares of the business services provider's stock, valued at approximately $691,000.

Other institutional investors have also recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new position in Booking during the fourth quarter worth about $40,000. Alpine Bank Wealth Management acquired a new position in Booking during the first quarter worth about $41,000. Minot DeBlois Advisors LLC acquired a new position in Booking during the fourth quarter worth about $50,000. North Capital Inc. acquired a new position in Booking during the first quarter worth about $46,000. Finally, Mechanics Financial Corp acquired a new position in Booking during the first quarter worth about $46,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on BKNG shares. Wedbush reaffirmed a "neutral" rating and issued a $5,900.00 price objective on shares of Booking in a research note on Wednesday, July 30th. Erste Group Bank raised Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Barclays upped their price objective on Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, Truist Financial upped their price objective on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a research note on Monday, July 14th. 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 company's stock. According to MarketBeat, Booking currently has a consensus rating of "Moderate Buy" and an average target price of $5,781.04.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the sale, the chief executive officer directly owned 24,620 shares in the company, valued at $134,841,031.80. This represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 4,052 shares of company stock valued at $22,511,858 in the last quarter. Corporate insiders own 0.16% of the company's stock.

Booking Trading Down 0.7%

BKNG stock traded down $42.2950 during trading on Friday, hitting $5,668.4450. The company had a trading volume of 81,784 shares, compared to its average volume of 247,582. The business has a 50-day moving average of $5,569.06 and a 200-day moving average of $5,145.30. Booking Holdings Inc. has a one year low of $3,700.97 and a one year high of $5,839.41. The stock has a market cap of $183.71 billion, a PE ratio of 39.34, a PEG ratio of 1.63 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results 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. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The business had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same period in the prior year, the business posted $41.90 earnings per share. The firm's revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $9.60 dividend. The ex-dividend date is Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking's dividend payout ratio is presently 26.71%.

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.