MRA Advisory Group Acquires Shares of 46 Booking Holdings Inc. $BKNG

Key Points

• MRA Advisory Group acquired 46 shares of Booking Holdings Inc., worth approximately $265,000, during the second quarter.
• Several institutional investors, including Vanguard and GAMMA Investing LLC, have significantly increased their holdings in Booking, with hedge funds now owning 92.42% of the stock.
• Analysts have raised price targets for Booking, with Royal Bank of Canada setting a new target of $6,100, reflecting strong confidence in the company's performance.

MRA Advisory Group purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46 shares of the business services provider's stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Booking by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock worth $13,620,154,000 after buying an additional 30,054 shares during the period. GAMMA Investing LLC raised its holdings in shares of Booking by 521,609.7% in the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after buying an additional 2,362,892 shares during the period. Northern Trust Corp raised its holdings in shares of Booking by 0.5% in the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider's stock worth $1,706,063,000 after buying an additional 1,699 shares during the period. Deutsche Bank AG raised its holdings in shares of Booking by 6.6% in the first quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider's stock worth $1,365,170,000 after buying an additional 18,268 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Booking by 3.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider's stock worth $1,023,655,000 after buying an additional 8,015 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BKNG has been the topic of several recent analyst reports. Royal Bank Of Canada increased their price target on Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Truist Financial raised their price objective on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a report on Monday, July 14th. Evercore ISI raised their price objective on Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Barclays raised their price objective on Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, Benchmark restated a "buy" rating and set a $6,200.00 price objective (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $5,808.81.

Insiders Place Their Bets

In related news, Director Larry Quinlan sold 64 shares of the firm's stock in a transaction 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 transaction, the director owned 195 shares in the company, valued at $1,089,486.45. This trade represents a 24.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction 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 of the company's stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,103 shares of company stock valued at $17,443,735 in the last 90 days. 0.16% of the stock is currently owned by company insiders.

Booking Trading Down 0.7%

Shares of NASDAQ BKNG opened at $5,458.32 on Monday. The stock has a market capitalization of $176.90 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39. The stock's fifty day simple moving average is $5,594.00 and its two-hundred day simple moving average is $5,217.83. Booking Holdings Inc. has a 12-month low of $3,894.51 and a 12-month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results 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 business had revenue of $6.80 billion for the quarter, compared to analysts' expectations 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% 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. On average, equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed 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 of this dividend is Friday, September 5th. This represents a $38.40 dividend on an annualized basis 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.

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.