Crux Wealth Advisors Raises Position in Booking Holdings Inc. $BKNG

Key Points

• Crux Wealth Advisors increased its stake in Booking Holdings Inc. by 29.0% during the second quarter, now owning 551 shares valued at approximately $3.19 million.
• Booking reported quarterly earnings of $55.40 per share, exceeding analyst estimates, with a revenue of $6.80 billion, marking a 16.0% year-over-year increase.
• The company declared a quarterly dividend of $9.60, with an annual yield of 0.8%, and an institutional ownership rate of 92.42%.

Crux Wealth Advisors grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 29.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 551 shares of the business services provider's stock after buying an additional 124 shares during the quarter. Booking accounts for 1.4% of Crux Wealth Advisors' portfolio, making the stock its 16th largest position. Crux Wealth Advisors' holdings in Booking were worth $3,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in Booking by 1,411.9% during the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock valued at $516,900,000 after purchasing an additional 104,780 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Booking by 79.4% in the first quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider's stock worth $695,259,000 after purchasing an additional 68,243 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of Booking by 182.2% during the first quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock valued at $482,081,000 after purchasing an additional 67,562 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Booking by 27.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider's stock valued at $836,223,000 after buying an additional 39,523 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Booking by 19.7% during the first quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider's stock valued at $983,707,000 after buying an additional 35,171 shares during the last quarter. Institutional investors own 92.42% of the company's stock.

Booking Trading Up 2.4%

Shares of BKNG stock opened at $5,070.02 on Friday. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The stock has a market cap of $164.32 billion, a P/E ratio of 35.26, a P/E/G ratio of 1.57 and a beta of 1.35. The company has a 50 day simple moving average of $5,459.08 and a two-hundred day simple moving average of $5,336.87.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping 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 company's revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $9.60 dividend. The ex-dividend date was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.8%. Booking's dividend payout ratio is presently 26.71%.

Analyst Ratings Changes

A number of brokerages have weighed in on BKNG. Mizuho started coverage on Booking in a research report on Monday, September 29th. They issued a "neutral" rating and a $5,975.00 target price for the company. BMO Capital Markets reiterated an "outperform" rating and issued a $6,000.00 price target (up from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their price objective on shares of Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. UBS Group raised their target price on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, DA Davidson lifted their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $5,808.81.

Insiders Place Their Bets

In other news, CEO Glenn D. Fogel sold 625 shares of the firm's stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the transaction, the chief executive officer owned 22,982 shares of the company's stock, valued at $118,162,642.46. This trade represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the transaction, the director owned 131 shares of the company's stock, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,197 shares of company stock worth $17,260,963 over the last quarter. 0.16% of the stock is currently owned by corporate insiders.

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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