Booking Holdings Inc. $BKNG Position Increased by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC increased its stake in Booking Holdings Inc. by 15.2% during the 1st quarter, owning stocks valued at $2.1 million.
• Recent analyst reports have set price targets for Booking shares, with a consensus target of approximately $5,808.81 and notable ratings including three "Strong Buy" and nineteen "Buy".
• Booking Holdings declared a quarterly dividend of $9.60, reflecting an annualized rate of $38.40 and a yield of 0.7%, with an anticipated EPS of 209.92 for the current fiscal year.

Integrated Wealth Concepts LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 15.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 455 shares of the business services provider's stock after purchasing an additional 60 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Booking were worth $2,096,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKNG. Elequin Capital LP raised its holdings in shares of Booking by 20.0% in the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after purchasing an additional 2 shares during the period. Fidelis Capital Partners LLC raised its holdings in shares of Booking by 1.2% in the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock worth $809,000 after purchasing an additional 2 shares during the period. WNY Asset Management LLC raised its holdings in shares of Booking by 3.7% in the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider's stock worth $258,000 after purchasing an additional 2 shares during the period. Gries Financial LLC raised its holdings in shares of Booking by 1.6% in the 1st quarter. Gries Financial LLC now owns 125 shares of the business services provider's stock worth $576,000 after purchasing an additional 2 shares during the period. Finally, Sheaff Brock Investment Advisors LLC raised its holdings in shares of Booking by 0.5% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock worth $1,854,000 after purchasing an additional 2 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on BKNG. Morgan Stanley set a $5,650.00 price objective on Booking and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised their target price on Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Barclays raised their target price on Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. BMO Capital Markets reiterated an "outperform" rating and set a $6,000.00 target price (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Finally, Bank of America raised their target price on Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Three equities research 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 MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and an average target price of $5,808.81.

Insider Activity at Booking

In other news, 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 value of $5,548,089.57. Following the completion of the transaction, the chief executive officer owned 24,620 shares in the company, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry Quinlan sold 64 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was 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 approximately $1,089,486.45. This trade represents a 24.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,116 shares of company stock valued at $22,869,434. Insiders own 0.16% of the company's stock.

Booking Trading Down 0.7%

NASDAQ BKNG traded down $39.68 during mid-day trading on Friday, reaching $5,458.32. 128,764 shares of the company's stock traded hands, compared to its average volume of 172,971. Booking Holdings Inc. has a 1-year low of $3,894.51 and a 1-year high of $5,839.41. The company has a fifty day simple moving average of $5,594.00 and a 200-day simple moving average of $5,215.75. The company has a market cap of $176.90 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 1.59 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 for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.Booking's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the firm earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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

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.