Janney Montgomery Scott LLC Has $7.37 Million Position in Booking Holdings Inc. $BKNG

Janney Montgomery Scott LLC lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 35.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,273 shares of the business services provider's stock after selling 684 shares during the quarter. Janney Montgomery Scott LLC's holdings in Booking were worth $7,370,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atwood & Palmer Inc. bought a new stake in shares of Booking during the second quarter worth $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of Booking during the first quarter worth $28,000. O Brien Wealth Partners LLC bought a new stake in shares of Booking during the second quarter worth $35,000. First PREMIER Bank raised its position in shares of Booking by 100.0% during the second quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock worth $35,000 after acquiring an additional 3 shares during the last quarter. Finally, Keystone Global Partners LLC bought a new stake in shares of Booking during the first quarter worth $32,000. Institutional investors own 92.42% of the company's stock.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of recent analyst reports. Cantor Fitzgerald reiterated a "neutral" rating on shares of Booking in a report on Wednesday, July 30th. Mizuho initiated coverage on Booking in a report on Monday, September 29th. They issued a "neutral" rating and a $5,975.00 price objective for the company. Bank of America upped their price objective on Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Citigroup upped their price objective on Booking from $5,560.00 to $6,500.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, UBS Group upped their price objective on Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Booking has a consensus rating of "Moderate Buy" and a consensus target price of $5,807.89.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $5,418.05 on Monday. The stock has a 50 day moving average price of $5,524.95 and a 200 day moving average price of $5,307.41. The stock has a market capitalization of $175.60 billion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.35. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $50.32 by $5.08. The firm had revenue of $6.80 billion for 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%.The business's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $9.60 dividend. The ex-dividend date was Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking's dividend payout ratio is currently 26.71%.

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the company's stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the company'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. This represents a 4.11% 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 over the last 90 days. Company insiders own 0.16% of the company's stock.

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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