FCG Investment Co Sells 69 Shares of Booking Holdings Inc. $BKNG

Key Points

• FCG Investment Co reduced its holdings in Booking Holdings Inc. by 23.2%, selling 69 shares and now holding 228 shares valued at approximately $1.32 million.
• Several analysts have recently increased their price targets for Booking, with an average target of $5,808.81 and a consensus rating of "Moderate Buy".
• Booking announced a quarterly dividend of $9.60 per share, which reflects an annualized payout of $38.40 and a yield of 0.7%.

FCG Investment Co lessened its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 23.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 228 shares of the business services provider's stock after selling 69 shares during the quarter. FCG Investment Co's holdings in Booking were worth $1,320,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKNG. Wealth Preservation Advisors LLC acquired a new stake in Booking in the 1st quarter valued at approximately $28,000. Atwood & Palmer Inc. acquired a new position in shares of Booking during the 2nd quarter worth approximately $29,000. Keystone Global Partners LLC acquired a new position in shares of Booking during the 1st quarter worth approximately $32,000. O Brien Wealth Partners LLC acquired a new position in shares of Booking during the 2nd quarter worth approximately $35,000. Finally, First PREMIER Bank increased its position in shares of Booking by 100.0% during the 2nd 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 last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Analysts Set New Price Targets

BKNG has been the topic of several recent analyst reports. Bank of America boosted their price target on Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. BTIG Research reiterated a "buy" rating and set a $6,250.00 target price on shares of Booking in a research note on Thursday, September 4th. Hsbc Global Res upgraded Booking to a "strong-buy" rating in a research note on Thursday, July 17th. DA Davidson lifted their target price on Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Truist Financial lifted their target price on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Booking has an average rating of "Moderate Buy" and a consensus target price of $5,808.81.

Insider Buying and Selling

In related news, Director Vanessa Ames Wittman sold 15 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the sale, the director owned 747 shares in the company, valued at $4,108,500. The trade was a 1.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Larry Quinlan sold 64 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the sale, the director owned 131 shares in the company, valued at $722,045.80. This represents a 32.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,195 shares of company stock worth $23,467,630 in the last 90 days. Insiders own 0.16% of the company's stock.

Booking Price Performance

Shares of NASDAQ BKNG opened at $5,575.73 on Friday. The stock has a market capitalization of $180.71 billion, a PE ratio of 38.78, a P/E/G ratio of 1.59 and a beta of 1.39. The business has a fifty day moving average price of $5,556.53 and a two-hundred day moving average price of $5,255.83. Booking Holdings Inc. has a fifty-two week low of $4,060.98 and a fifty-two week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating the consensus estimate of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.