Geneos Wealth Management Inc. Trims Position in Booking Holdings Inc. $BKNG

Key Points

• Geneos Wealth Management Inc. reduced its stake in Booking Holdings by 7.5%, owning 742 shares valued at approximately $3.42 million after selling 60 shares in the first quarter.
• Despite the reduction by Geneos, other institutional investors like Kingswood Wealth Advisors LLC and Perigon Wealth Management LLC have increased their stakes in Booking Holdings, indicating ongoing confidence in the company.
• Booking Holdings reported a quarterly earnings of $55.40 per share, exceeding analysts' expectations, along with a quarterly revenue of $6.80 billion, a 16% increase year-over-year.

Geneos Wealth Management Inc. lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 742 shares of the business services provider's stock after selling 60 shares during the period. Geneos Wealth Management Inc.'s holdings in Booking were worth $3,419,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC increased its stake in Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after buying an additional 39 shares during the period. Point72 Europe London LLP purchased a new position in Booking in the 4th quarter worth about $15,054,000. International Assets Investment Management LLC purchased a new position in Booking in the 1st quarter worth about $203,000. Perigon Wealth Management LLC increased its stake in Booking by 9.4% in the 1st quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock worth $1,281,000 after buying an additional 24 shares during the period. Finally, GAMMA Investing LLC increased its stake in Booking by 13.2% in the 1st quarter. GAMMA Investing LLC now owns 513 shares of the business services provider's stock worth $2,363,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Stock Performance

NASDAQ:BKNG opened at $5,474.81 on Thursday. Booking Holdings Inc. has a fifty-two week low of $3,719.34 and a fifty-two week high of $5,839.41. The stock has a market capitalization of $177.44 billion, a P/E ratio of 38.08, a P/E/G ratio of 1.61 and a beta of 1.39. The company's 50-day simple moving average is $5,603.77 and its 200-day simple moving average is $5,208.48.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results 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. 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 company's revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $9.60 dividend. 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 dividend payout ratio (DPR) is 26.71%.

Insider Buying and Selling

In related news, Director Larry Quinlan sold 64 shares of Booking stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $5,587.11, for a total value of $357,575.04. Following the completion of the sale, the director directly owned 195 shares in the company, valued at $1,089,486.45. This trade represents a 24.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the completion of the sale, the chief executive officer owned 24,620 shares of the company's stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,116 shares of company stock valued at $22,869,434 over the last quarter. 0.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BKNG shares. 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 report on Monday, July 28th. BMO Capital Markets reissued an "outperform" rating and set a $6,000.00 target price (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Morgan Stanley set a $5,650.00 target price on shares of Booking and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Citigroup raised their target price on shares of Booking from $5,560.00 to $6,500.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company raised their target price on shares of Booking from $5,411.00 to $5,418.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, Booking currently has a consensus rating of "Moderate Buy" and an average target price 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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