Plancorp LLC Acquires New Position in Booking Holdings Inc. $BKNG

Key Points

• Plancorp LLC has invested approximately $438,000 in Booking Holdings Inc. (BKNG), acquiring 95 shares during the 1st quarter, amidst growing institutional interest in the company.
• Wall Street analysts have increased their price targets for Booking, with forecasts ranging from $6,000 to $6,700, reflecting an overall positive sentiment towards the stock.
• Additionally, Booking announced a quarterly dividend of $9.60 per share, scheduled for payment on September 30th, with a dividend yield of 0.7%.

Plancorp LLC purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 95 shares of the business services provider's stock, valued at approximately $438,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Booking by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock valued at $13,620,154,000 after acquiring an additional 30,054 shares during the period. GAMMA Investing LLC lifted 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 valued at $10,887,718,000 after purchasing an additional 2,362,892 shares in the last quarter. Northern Trust Corp lifted 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 valued at $1,706,063,000 after purchasing an additional 1,699 shares in the last quarter. Deutsche Bank AG lifted 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 valued at $1,365,170,000 after purchasing an additional 18,268 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted 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 valued at $1,023,655,000 after purchasing an additional 8,015 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BKNG has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on shares of Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Hsbc Global Res raised shares of Booking to a "strong-buy" rating in a research note on Thursday, July 17th. B. Riley reaffirmed a "buy" rating and issued a $6,700.00 target price (up from $6,100.00) on shares of Booking in a research note on Wednesday, July 30th. Morgan Stanley set a $5,650.00 price target on shares of Booking and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $5,750.00 price target (up previously from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.

Booking Price Performance

BKNG traded down $97.02 during trading hours on Wednesday, reaching $5,474.81. 247,054 shares of the stock traded hands, compared to its average volume of 243,914. The firm's fifty day simple moving average is $5,608.31 and its two-hundred day simple moving average is $5,206.63. The company has a market cap of $177.44 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 1.61 and a beta of 1.39. Booking Holdings Inc. has a fifty-two week low of $3,719.34 and a fifty-two week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results 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 business had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business's revenue was up 16.0% on a year-over-year basis. During the same period last year, the business earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The business 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 of this dividend is Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking's payout ratio is presently 26.71%.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the transaction, the chief executive officer owned 24,620 shares of the company's stock, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Larry Quinlan sold 64 shares of Booking stock in a transaction dated 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 of the company's stock, valued at $1,089,486.45. This trade represents a 24.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,116 shares of company stock worth $22,869,434. Company insiders own 0.16% of the company's stock.

Booking Company 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.