Dynamic Advisor Solutions LLC Grows Holdings in Booking Holdings Inc. $BKNG

Key Points

• Dynamic Advisor Solutions increased its Booking Holdings stake by 2,473.6% in the second quarter, acquiring 7,767 additional shares for a total holding of 8,081 shares valued at approximately $1.44 million. Institutional investors collectively own 92.42% of the company.
• Booking exceeded quarterly expectations, reporting adjusted earnings of $2.54 per share and revenue of $7.35 billion, up 8.1% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $234.69.
• Near-term concerns remain, including softer third-quarter guidance, moderating room-night growth, rising marketing costs, competition from Google and geopolitical uncertainty. The company also declared a $0.42 quarterly dividend, yielding approximately 0.8%.

Dynamic Advisor Solutions LLC raised its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2,473.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,081 shares of the business services provider's stock after buying an additional 7,767 shares during the period. Dynamic Advisor Solutions LLC's holdings in Booking were worth $1,440,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Legacy Bridge LLC bought a new position in Booking in the fourth quarter valued at $27,000. Camelot Portfolios LLC bought a new stake in Booking during the fourth quarter worth about $27,000. Osbon Capital Management LLC bought a new stake in Booking during the fourth quarter worth about $27,000. First Financial Corp IN boosted its holdings in shares of Booking by 2,400.0% in the 2nd quarter. First Financial Corp IN now owns 150 shares of the business services provider's stock worth $27,000 after purchasing an additional 144 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of Booking in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BKNG shares. Jefferies Financial Group raised their price objective on Booking from $180.00 to $190.00 and gave the company a "hold" rating in a report on Tuesday, July 14th. B. Riley Financial reiterated a "buy" rating and set a $274.00 price target (up from $264.00) on shares of Booking in a research report on Wednesday. UBS Group lifted their price target on shares of Booking from $266.00 to $274.00 and gave the stock a "buy" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $230.00 price objective on shares of Booking in a report on Wednesday. Finally, Bank of America reaffirmed a "buy" rating and issued a $234.00 price objective on shares of Booking in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $234.69.

Trending Headlines about Booking

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Quarterly results exceeded expectations: Booking reported adjusted earnings of $2.54 per share, above the $2.43 consensus estimate, while revenue increased 8.1% year over year to $7.35 billion, surpassing forecasts of $7.19 billion. The results suggested resilient travel demand and helped support the stock’s advance.
• Positive Sentiment: Analyst optimism strengthened: UBS raised its price target to $274, while Wedbush, Benchmark and BTIG maintained bullish ratings with targets ranging from $247 to $250. The analyst actions reinforce expectations for additional upside following the earnings report. Booking Given New Price Target at UBS Group
• Positive Sentiment: Longer-term growth initiatives remain supportive: Management cited early benefits from artificial-intelligence personalization, cost savings and its connected-trip strategy, potentially improving efficiency and expanding customer engagement. Is Booking Holdings a Buying Opportunity?
• Neutral Sentiment: Dividend provides modest shareholder support: Booking declared a quarterly dividend of $0.42 per share, payable September 30 to shareholders of record September 11. The annualized yield of approximately 0.8% is unlikely to materially change the investment case.
• Neutral Sentiment: Director sale was scheduled in advance: Director Robert Mylod Jr. sold 1,000 shares for $206,700 under a pre-arranged Rule 10b5-1 plan. He continues to own 15,000 shares, limiting the significance of the transaction as a bearish signal. Booking Director Stock Sale
• Negative Sentiment: Near-term outlook is less robust: Investors remain cautious about soft third-quarter revenue guidance, moderating room-night growth and marketing expenses rising faster than revenue. Competition from Google, geopolitical uncertainty and technically overbought conditions could limit further gains after the recent rally. Why Analysts Are Bullish on Booking

Insider Buying and Selling at Booking

In other Booking news, Director Vanessa Ames Wittman sold 1,125 shares of the firm's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the sale, the director owned 16,508 shares of the company's stock, valued at $3,169,536. This trade represents a 6.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the business's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the completion of the transaction, the vice president owned 425,075 shares in the company, valued at $69,572,025.25. The trade was a 12.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 69,625 shares of company stock valued at $11,652,075 in the last quarter. Company insiders own 0.17% of the company's stock.

Booking Price Performance

Shares of BKNG stock opened at $214.42 on Friday. The business has a 50-day moving average of $179.43 and a 200 day moving average of $176.56. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $231.80. The stock has a market capitalization of $161.11 billion, a PE ratio of 23.73, a P/E/G ratio of 1.31 and a beta of 1.07.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business's revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $55.40 earnings per share. Analysts anticipate that Booking Holdings Inc. will post 10.43 EPS for the current year.

Booking Dividend Announcement

The company 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 dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, September 11th. Booking's dividend payout ratio is currently 18.58%.

Booking Company 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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