Eagle Global Advisors LLC Has $16.94 Million Stock Position in Booking Holdings Inc. $BKNG

Key Points

• Eagle Global Advisors LLC reduced its holdings in Booking Holdings Inc. by 1.6%, now owning 2,926 shares valued at approximately $16.94 million.
• Booking reported a quarterly earnings per share (EPS) of $55.40, surpassing the estimated EPS of $50.32, while its revenue increased by 16% year-over-year to $6.80 billion.
• The company declared a quarterly dividend of $9.60 per share, implying an annualized dividend of $38.40 and a yield of 0.7% based on the recent stock price.

Eagle Global Advisors LLC lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,926 shares of the business services provider's stock after selling 48 shares during the quarter. Eagle Global Advisors LLC's holdings in Booking were worth $16,939,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Wealth Preservation Advisors LLC bought a new stake in shares of Booking in the first quarter valued at approximately $28,000. Atwood & Palmer Inc. acquired a new position in Booking in the 2nd quarter valued at $29,000. Keystone Global Partners LLC acquired a new position in Booking in the 1st quarter valued at $32,000. O Brien Wealth Partners LLC acquired a new position in Booking in the 2nd quarter valued at $35,000. Finally, First PREMIER Bank increased its position in shares of Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock worth $35,000 after purchasing an additional 3 shares during the period. 92.42% of the stock is owned by institutional investors.

Insider Transactions at Booking

In other news, 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 transaction, the director owned 747 shares in the company, valued at approximately $4,108,500. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry Quinlan sold 64 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total value of $357,575.04. Following the transaction, the director directly owned 195 shares of the company's stock, valued at approximately $1,089,486.45. This represents a 24.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,195 shares of company stock worth $23,467,630. Company insiders own 0.16% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on BKNG shares. UBS Group raised their price target on Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Benchmark reaffirmed a "buy" rating and set a $6,200.00 price target (up previously from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Wells Fargo & Company upped their price target on shares of Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Susquehanna boosted 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 report on Friday, August 1st. Finally, Piper Sandler restated a "neutral" rating and set a $5,750.00 price objective (up from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $5,808.81.

Booking Trading Down 0.5%

Booking stock opened at $5,548.00 on Friday. The company has a market capitalization of $179.81 billion, a PE ratio of 38.58, a P/E/G ratio of 1.61 and a beta of 1.39. Booking Holdings Inc. has a 12 month low of $4,060.98 and a 12 month high of $5,839.41. The stock has a 50-day moving average price of $5,553.44 and a two-hundred day moving average price of $5,264.07.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (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 company had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter in the prior year, the firm posted $41.90 earnings per share. The firm's revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. As a group, analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking's payout ratio is 26.71%.

About Booking

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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