Precision Wealth Strategies LLC Increases Stock Position in Booking Holdings Inc. $BKNG

Key Points

• Precision Wealth Strategies LLC increased its stake in Booking Holdings by 8.8% during Q2, owning 629 shares valued at approximately $3.64 million, making it the firm's 22nd biggest holding.
• Booking's Q2 earnings exceeded estimates, reporting $55.40 per share compared to the consensus estimate of $50.32, with a total revenue of $6.80 billion, up 16% year-over-year.
• The company recently declared a quarterly dividend of $9.60, yielding 0.7%, with a dividend payout ratio of 26.71%.

Precision Wealth Strategies LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 629 shares of the business services provider's stock after acquiring an additional 51 shares during the period. Booking comprises approximately 1.2% of Precision Wealth Strategies LLC's portfolio, making the stock its 22nd biggest holding. Precision Wealth Strategies LLC's holdings in Booking were worth $3,642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Atwood & Palmer Inc. bought a new stake in Booking in the second quarter valued at $29,000. Wealth Preservation Advisors LLC bought a new stake in Booking in the first quarter valued at $28,000. O Brien Wealth Partners LLC bought a new stake in Booking in the second quarter valued at $35,000. First PREMIER Bank boosted its holdings in Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock valued at $35,000 after acquiring an additional 3 shares in the last quarter. Finally, Keystone Global Partners LLC purchased a new position in Booking during the first quarter valued at $32,000. 92.42% of the stock is currently owned by institutional investors.

Booking Trading Down 0.9%

Shares of BKNG stock opened at $5,350.56 on Thursday. Booking Holdings Inc. has a 12-month low of $4,060.98 and a 12-month high of $5,839.41. The company has a market cap of $173.41 billion, a price-to-earnings ratio of 37.21, a price-to-earnings-growth ratio of 1.56 and a beta of 1.35. The stock has a 50 day simple moving average of $5,533.75 and a 200-day simple moving average of $5,285.05.

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, topping the consensus estimate of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter last year, the business posted $41.90 earnings per share. Booking's revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BKNG shares. Morgan Stanley set a $5,650.00 price target on shares of Booking and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. BMO Capital Markets reissued an "outperform" rating and issued a $6,000.00 target price (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. 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. JPMorgan Chase & Co. upped their price target on shares of Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Bank of America boosted their price objective on Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $5,807.89.

Insiders Place Their Bets

In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated 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 sale, the chief executive officer directly owned 24,620 shares of the company's stock, valued at $134,841,031.80. The trade was a 3.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total value of $82,500.00. Following the completion of the sale, the director directly owned 747 shares of the company's stock, valued at approximately $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,195 shares of company stock worth $23,467,630 over the last quarter. 0.16% of the stock is owned by corporate insiders.

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.

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