Lyell Wealth Management LP Takes $509,000 Position in Booking Holdings Inc. $BKNG

Key Points

• Lyell Wealth Management LP has acquired a new stake in Booking Holdings Inc., purchasing 88 shares valued at approximately $509,000.
• Booking reported earnings per share of $55.40 for the last quarter, exceeding analysts' estimates, with a total revenue of $6.80 billion.
• The company declared a quarterly dividend of $9.60 per share, with an annualized yield of 0.7% and a payout ratio of 26.71%.

Lyell Wealth Management LP acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 88 shares of the business services provider's stock, valued at approximately $509,000.

Other institutional investors also recently modified their holdings of the company. Atwood & Palmer Inc. purchased a new stake in shares of Booking during the second quarter worth about $29,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Booking during the first quarter worth about $28,000. O Brien Wealth Partners LLC purchased a new stake in shares of Booking during the second quarter worth about $35,000. First PREMIER Bank boosted its holdings 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 purchasing an additional 3 shares during the period. Finally, Keystone Global Partners LLC purchased a new stake in shares of Booking during the first quarter worth about $32,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Up 1.4%

Shares of NASDAQ BKNG opened at $5,141.88 on Tuesday. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The firm has a market cap of $166.65 billion, a P/E ratio of 35.76, a PEG ratio of 1.57 and a beta of 1.35. The company has a 50 day moving average of $5,454.63 and a 200 day moving average of $5,349.06.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share 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 company had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. During the same period in the previous year, the business earned $41.90 EPS. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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

Insider Buying and Selling

In related news, Director Vanessa Ames Wittman sold 15 shares of the business's stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the transaction, the director directly owned 732 shares in the company, valued at $3,873,729.36. The trade was a 2.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the sale, the chief executive officer directly owned 23,607 shares of the company's stock, valued at approximately $130,237,930.44. This trade represents a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,197 shares of company stock worth $17,260,963 in the last three months. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of analyst reports. Benchmark reiterated a "buy" rating and set a $6,200.00 target price (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Mizuho assumed coverage on shares of Booking in a report on Monday, September 29th. They set a "neutral" rating and a $5,975.00 target price for the company. BMO Capital Markets reaffirmed an "outperform" rating and set a $6,000.00 price objective (up from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Wells Fargo & Company lifted their price objective on Booking from $5,418.00 to $5,443.00 and gave the company an "equal weight" rating in a research report on Monday, October 6th. Finally, Bank of America lifted their price objective on Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average 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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