GC Wealth Management RIA LLC Has $5.93 Million Holdings in Booking Holdings Inc. $BKNG

Key Points

• GC Wealth Management RIA LLC significantly increased its holdings in Booking Holdings, boosting them by 502.9% in Q2, resulting in a total value of $5.93 million.
• Institutional investors own 92.42% of Booking's stock, indicating strong confidence in the company, with notable increases in holdings from Pacer Advisors and AQR Capital Management.
• Booking recently declared a quarterly dividend of $9.60 per share, scheduled for payment on September 30th, reflecting an annualized dividend yield of 0.7%.

GC Wealth Management RIA LLC boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 502.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,025 shares of the business services provider's stock after purchasing an additional 855 shares during the period. GC Wealth Management RIA LLC's holdings in Booking were worth $5,934,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of 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 during the last quarter. AQR Capital Management LLC grew its stake in shares of Booking by 79.4% during the first quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider's stock valued at $695,259,000 after purchasing an additional 68,243 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Booking by 182.2% in 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 purchasing an additional 67,562 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in 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. Finally, Goldman Sachs Group Inc. lifted its holdings in Booking by 19.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider's stock worth $983,707,000 after buying an additional 35,171 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Stock Performance

Shares of BKNG stock opened at $5,548.00 on Monday. Booking Holdings Inc. has a 52 week low of $4,060.98 and a 52 week high of $5,839.41. The company's 50 day moving average price is $5,553.44 and its two-hundred day moving average price is $5,276.88. The company has a market capitalization of $179.81 billion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 1.60 and a beta of 1.39.

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 (EPS) for the quarter, topping the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. 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 earned $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. Analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.7%. Booking's dividend payout ratio (DPR) is currently 26.71%.

Analyst Ratings Changes

Several research analysts have recently issued reports on BKNG shares. Morgan Stanley set a $5,650.00 target price on shares of Booking and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. DA Davidson raised their target price on Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. BMO Capital Markets restated an "outperform" rating and set a $6,000.00 target price (up from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Royal Bank Of Canada upped their target price on shares of Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Benchmark reissued a "buy" rating and set a $6,200.00 price target (up from $6,000.00) 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 assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $5,808.81.

Insider Activity

In related news, Director Vanessa Ames Wittman sold 15 shares of Booking 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 value of $82,500.00. Following the sale, the director owned 747 shares of the company's stock, valued at approximately $4,108,500. This trade represents a 1.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the sale, the chief executive officer owned 23,607 shares in the company, valued at $130,237,930.44. The trade was a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,195 shares of company stock worth $23,467,630 over the last three months. Corporate insiders own 0.16% of the company's stock.

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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