Kaufman Rossin Wealth LLC Buys Shares of 119 Booking Holdings Inc. $BKNG

Key Points

• Kaufman Rossin Wealth LLC acquired 119 shares of Booking Holdings Inc. valued at approximately $548,000 in the first quarter, further increasing institutional interest in the stock.
• CEO Glenn D. Fogel sold 1,013 shares at an average price of $5,476.89, resulting in a 3.95% decrease in his position, while insiders sold a total of 4,052 shares worth $22.5 million over the last quarter.
• Booking recently announced a quarterly dividend of $9.60 per share, with an ex-dividend date set for September 5th, representing a dividend yield of 0.7%.

Kaufman Rossin Wealth LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 119 shares of the business services provider's stock, valued at approximately $548,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elequin Capital LP increased its holdings in shares of Booking by 20.0% in the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock valued at $60,000 after purchasing an additional 2 shares during the last quarter. Fidelis Capital Partners LLC raised its position in shares of Booking by 1.2% in the first quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock valued at $809,000 after purchasing an additional 2 shares during the period. WNY Asset Management LLC raised its position in shares of Booking by 3.7% in the first quarter. WNY Asset Management LLC now owns 56 shares of the business services provider's stock valued at $258,000 after purchasing an additional 2 shares during the period. Gries Financial LLC raised its position in shares of Booking by 1.6% in the first quarter. Gries Financial LLC now owns 125 shares of the business services provider's stock valued at $576,000 after purchasing an additional 2 shares during the period. Finally, Sheaff Brock Investment Advisors LLC raised its position in shares of Booking by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock valued at $1,854,000 after purchasing an additional 2 shares during the period. 92.42% of the stock is owned by institutional investors.

Booking Stock Performance

NASDAQ:BKNG traded up $10.13 during mid-day trading on Friday, reaching $5,720.87. 195,538 shares of the company's stock were exchanged, compared to its average volume of 209,657. Booking Holdings Inc. has a one year low of $3,700.97 and a one year high of $5,839.41. The firm has a market capitalization of $185.41 billion, a PE ratio of 39.79, a price-to-earnings-growth ratio of 1.65 and a beta of 1.41. The business's fifty day simple moving average is $5,577.51 and its two-hundred day simple moving average is $5,155.63.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same period last year, the firm earned $41.90 earnings per share. Booking's revenue for the quarter was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's dividend payout ratio (DPR) is currently 26.71%.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the transaction, the chief executive officer directly owned 24,620 shares of the company's stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 4,052 shares of company stock valued at $22,511,858. 0.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wedbush reissued a "neutral" rating and issued a $5,900.00 price objective on shares of Booking in a research report on Wednesday, July 30th. UBS Group increased their price objective 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. Piper Sandler reissued a "neutral" rating and issued a $5,750.00 price objective (up from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. B. Riley reissued a "buy" rating and issued a $6,700.00 price objective (up from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, JMP Securities increased their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research report on Wednesday, April 30th. 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. According to MarketBeat.com, Booking currently has a consensus rating of "Moderate Buy" and an average price target of $5,781.04.

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.