Corient Private Wealth LP Takes Position in Booking Holdings Inc. $BKNG

Key Points

• Corient Private Wealth LP acquired 600,825 Booking Holdings shares worth approximately $107.1 million during the second quarter, giving it a 0.08% stake. Institutional investors collectively own 92.42% of the company.
• Booking reported quarterly earnings of $2.54 per share on $7.35 billion in revenue, beating estimates and increasing revenue 8.1% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $236.45.
• Company insiders sold 77,550 shares worth $16.1 million over the past quarter under pre-arranged Rule 10b5-1 plans, while Booking declared a quarterly dividend of $0.42 per share, representing a 0.8% annualized yield.

Corient Private Wealth LP purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 600,825 shares of the business services provider's stock, valued at approximately $107,091,000. Corient Private Wealth LP owned about 0.08% of Booking at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BKNG. Strive Asset Management LLC purchased a new position in shares of Booking in the third quarter worth approximately $27,000. Camelot Portfolios LLC purchased a new stake in Booking during the fourth quarter valued at approximately $27,000. Swiss RE Ltd. bought a new position in Booking in the fourth quarter worth approximately $27,000. Mcguire Capital Advisors Inc. bought a new position in Booking in the fourth quarter worth approximately $27,000. Finally, Osbon Capital Management LLC purchased a new position in shares of Booking during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking News Roundup

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Analysts currently assign Booking Holdings an average “Moderate Buy” rating, indicating that Wall Street remains broadly optimistic about the company’s outlook. Booking Holdings Given Average Rating of Moderate Buy by Analysts
• Positive Sentiment: OpenTable, a Booking Holdings business, introduced more than 20 restaurant-focused product enhancements, including AI-powered search distribution, automation tools, and natural-language reporting. The rollout could strengthen OpenTable’s value proposition, improve restaurant engagement, and support longer-term growth in the company’s restaurant technology operations. OpenTable Launches New Product Features
• Neutral Sentiment: Chief Financial Officer Ewout Steenbergen will speak at the Goldman Sachs Communacopia + Technology Conference on September 9. The presentation could provide updated commentary on travel demand, margins, and strategy, but no new financial guidance was announced. Booking Holdings Goldman Sachs Conference Presentation
• Neutral Sentiment: CEO Glenn Fogel is scheduled to participate in a Citi Global TMT Conference session on September 8. The event may offer investors additional strategic insight, but the announcement itself has no immediate earnings impact. Booking Holdings Citi Conference Presentation
• Neutral Sentiment: A report discusses whether Wall Street is bullish or bearish on BKNG, highlighting the importance of analyst expectations and valuation in current trading. The headline alone does not establish a specific change in consensus. Booking Holdings Stock: Is Wall Street Bullish or Bearish?
• Negative Sentiment: Booking’s recent pullback may indicate investor caution after a substantial advance, particularly as valuation and the sustainability of travel-demand growth remain key considerations. The reported short-interest data showed zero shares and therefore provides no meaningful evidence of bearish short positioning.

Insiders Place Their Bets

In other Booking news, VP Peter J. Millones sold 50,050 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $207.59, for a total value of $10,389,879.50. Following the completion of the transaction, the vice president directly owned 375,025 shares in the company, valued at $77,851,439.75. This represents a 11.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of Booking stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the sale, the chief financial officer owned 59,794 shares in the company, valued at approximately $12,618,327.82. The trade was a 25.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 77,550 shares of company stock valued at $16,112,304. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. TD Cowen restated a "buy" rating and issued a $230.00 price objective (down from $240.00) on shares of Booking in a research note on Wednesday, April 29th. UBS Group lifted their target price on Booking from $266.00 to $274.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Evercore reissued an "outperform" rating and set a $270.00 price target on shares of Booking in a report on Monday. JPMorgan Chase & Co. reduced their price target on Booking from $224.00 to $208.00 and set an "overweight" rating for the company in a research report on Wednesday, April 29th. Finally, Truist Financial set a $242.00 price objective on Booking in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Booking currently has an average rating of "Moderate Buy" and a consensus target price of $236.45.

Booking Stock Performance

Shares of Booking stock opened at $208.89 on Thursday. Booking Holdings Inc. has a fifty-two week low of $150.14 and a fifty-two week high of $227.72. The company has a market capitalization of $156.96 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.29 and a beta of 1.07. The company has a fifty day moving average of $190.88 and a 200 day moving average of $177.38.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.11. The business had revenue of $7.35 billion for the quarter, compared to analysts' expectations of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $55.40 earnings per share. Analysts forecast that Booking Holdings Inc. will post 10.47 EPS for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. Booking's payout ratio is currently 18.58%.

Booking Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company's businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.

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