Foster Victor Wealth Advisors LLC Sells 57 Shares of Booking Holdings Inc. $BKNG

Key Points

• Foster Victor Wealth Advisors LLC reduced its stake in Booking Holdings by 1.9%, now holding 2,948 shares valued at approximately $16.7 million, making it the firm's 29th largest position.
• Booking Holdings reported $55.40 earnings per share, exceeding analysts' expectations, with quarterly revenue of $6.8 billion, up 16% from the previous year.
• The company announced a quarterly dividend of $9.60 per share, with an ex-dividend date set for September 5th and an annual yield of 0.7%.

Foster Victor Wealth Advisors LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,948 shares of the business services provider's stock after selling 57 shares during the quarter. Booking comprises 1.1% of Foster Victor Wealth Advisors LLC's portfolio, making the stock its 29th largest position. Foster Victor Wealth Advisors LLC's holdings in Booking were worth $16,708,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BKNG. GAMMA Investing LLC grew its stake in shares of Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after buying an additional 2,362,892 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Booking by 1,411.9% in the first quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock worth $516,900,000 after acquiring an additional 104,780 shares in the last quarter. AQR Capital Management LLC grew 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 acquiring an additional 68,243 shares during the last quarter. TD Asset Management Inc increased 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 acquiring an additional 67,562 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Booking by 27.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider's stock worth $836,223,000 after purchasing an additional 39,523 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Performance

BKNG opened at $5,509.02 on Wednesday. The stock has a market capitalization of $178.55 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 1.57 and a beta of 1.39. The company has a fifty day moving average of $5,561.35 and a 200 day moving average of $5,246.14. 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 issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. During the same quarter last year, the business posted $41.90 earnings per share. The business's quarterly revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $9.60 dividend. The ex-dividend date of this dividend 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 presently 26.71%.

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 747 shares in the company, valued at approximately $4,108,500. This represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the transaction, the chief executive officer directly owned 23,607 shares of the company's stock, valued at approximately $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,195 shares of company stock valued at $23,467,630 in the last ninety days. Corporate insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

BKNG has been the topic of several analyst reports. Evercore ISI upped their target price on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. DA Davidson upped their price target on Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wedbush reiterated a "neutral" rating and issued a $5,900.00 price objective on shares of Booking in a report on Wednesday, July 30th. BTIG Research restated a "buy" rating and set a $6,250.00 target price on shares of Booking in a research note on Thursday, September 4th. Finally, 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. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5,808.81.

Booking 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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