Sagespring Wealth Partners LLC Increases Stock Holdings in Booking Holdings Inc. $BKNG

Key Points

• Sagespring Wealth Partners LLC increased its holdings in Booking Holdings Inc. by 26.8% during the 2nd quarter, bringing its total to 322 shares valued at $1,862,000.
• Booking reported earnings of $55.40 EPS, beating estimates by $5.08, with quarterly revenue of $6.80 billion, marking a 16.0% increase from the previous year.
• The company announced a quarterly dividend of $9.60 per share, reflecting an annualized yield of 0.7% and a payout ratio of 26.71%.

Sagespring Wealth Partners LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 26.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322 shares of the business services provider's stock after buying an additional 68 shares during the quarter. Sagespring Wealth Partners LLC's holdings in Booking were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Booking by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock worth $13,620,154,000 after acquiring an additional 30,054 shares during the period. Northern Trust Corp lifted its position in Booking by 0.5% during the 1st quarter. Northern Trust Corp now owns 370,327 shares of the business services provider's stock worth $1,706,063,000 after acquiring an additional 1,699 shares during the period. Deutsche Bank AG lifted its position in Booking by 6.6% during the 1st quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider's stock worth $1,365,170,000 after acquiring an additional 18,268 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Booking by 3.7% in the 1st 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 buying an additional 8,015 shares during the period. Finally, Ninety One UK Ltd lifted its holdings in shares of Booking by 1.1% in the 2nd quarter. Ninety One UK Ltd now owns 218,016 shares of the business services provider's stock valued at $1,262,147,000 after buying an additional 2,418 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Trading Up 0.5%

NASDAQ BKNG opened at $5,280.14 on Wednesday. The stock has a market capitalization of $171.13 billion, a price-to-earnings ratio of 36.72, a PEG ratio of 1.63 and a beta of 1.35. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The stock has a 50-day moving average of $5,484.50 and a 200 day moving average of $5,329.08.

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

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $9.60 per share. The ex-dividend date of this dividend was 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 is presently 26.71%.

Analyst Ratings Changes

Several brokerages have recently issued reports on BKNG. DA Davidson boosted their price objective on Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Weiss Ratings reissued a "buy (b)" rating on shares of Booking in a report on Tuesday. Wedbush reissued a "neutral" rating and issued a $5,900.00 price objective on shares of Booking in a report on Wednesday, July 30th. Royal Bank Of Canada boosted their price objective on Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Truist Financial boosted their price objective on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a report on Monday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $5,808.81.

Insider Buying and Selling at Booking

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the completion of the transaction, the director owned 747 shares of the company's stock, valued at $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the transaction, the chief executive officer directly owned 23,607 shares of the company's stock, valued at $130,237,930.44. The trade was a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,169 shares of company stock valued at $11,929,560 over the last quarter. 0.16% of the stock is currently owned by insiders.

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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