Envestnet Portfolio Solutions Inc. Has $15.71 Million Holdings in Booking Holdings Inc. $BKNG

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in Booking Holdings Inc. by 23.5%, bringing its total holdings to approximately $15.71 million.
• Booking's recent earnings report indicated an EPS of $55.40, surpassing expectations, with revenues reaching $6.80 billion, a 16% year-over-year increase.
• The company declared a quarterly dividend of $9.60 per share, reflecting a 0.7% dividend yield and a payout ratio of 26.71%.

Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 23.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,714 shares of the business services provider's stock after purchasing an additional 516 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Booking were worth $15,713,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BKNG. Wealth Preservation Advisors LLC bought a new stake in Booking during the 1st quarter worth about $28,000. Atwood & Palmer Inc. acquired a new position in shares of Booking during the second quarter worth approximately $29,000. Keystone Global Partners LLC acquired a new position in shares of Booking during the first quarter worth approximately $32,000. O Brien Wealth Partners LLC bought a new stake in shares of Booking during the second quarter valued at approximately $35,000. Finally, First PREMIER Bank increased its holdings 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 valued at $35,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Booking Stock Performance

Shares of BKNG opened at $5,253.85 on Tuesday. The stock has a 50 day simple moving average of $5,488.05 and a 200 day simple moving average of $5,329.42. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41. The firm has a market capitalization of $170.28 billion, a PE ratio of 36.54, a P/E/G ratio of 1.60 and a beta of 1.35.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data 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. 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 firm's revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. Equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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 dividend of $9.60 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking's payout ratio is 26.71%.

Insider Transactions at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of the business's 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 directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the sale, the director directly owned 131 shares in the company, valued at approximately $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,169 shares of company stock worth $11,929,560 in the last 90 days. Corporate insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BKNG shares. Piper Sandler reissued a "neutral" rating and issued a $5,750.00 target price (up from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Morgan Stanley set a $5,650.00 price objective on Booking and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Barclays upped their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" 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 company a "buy" rating in a research note on Monday, July 28th. Finally, Bank of America boosted their price target on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $5,808.81.

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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