SeaCrest Wealth Management LLC Purchases Shares of 75 Booking Holdings Inc. $BKNG

Key Points

• SeaCrest Wealth Management LLC invested approximately $434,000 in Booking Holdings Inc. by purchasing 75 shares in the second quarter, highlighting increasing institutional interest in the company.
• Booking's quarterly earnings report revealed an EPS of $55.40, exceeding expectations by $5.08, with a revenue of $6.80 billion, marking a 16.0% year-over-year increase.
• The company announced a quarterly $9.60 dividend, indicating a commitment to returning value to shareholders, with a payout ratio of 26.71% and an annualized yield of 0.7%.

SeaCrest Wealth Management LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 75 shares of the business services provider's stock, valued at approximately $434,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Booking by 1.0% during 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 acquiring an additional 30,054 shares during the last quarter. GAMMA Investing LLC raised its position 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 buying an additional 2,362,892 shares in the last quarter. Northern Trust Corp raised its position 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 buying an additional 1,699 shares in the last quarter. Deutsche Bank AG raised its position 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 buying an additional 18,268 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position 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 buying an additional 8,015 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Insider Activity at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the sale, the director directly owned 747 shares of the company's stock, valued at $4,108,500. This represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Larry Quinlan sold 64 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the completion of the sale, the director owned 195 shares of the company's stock, valued at approximately $1,089,486.45. The trade was a 24.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,195 shares of company stock valued at $23,467,630 in the last ninety days. Company insiders own 0.16% of the company's stock.

Booking Trading Up 0.2%

BKNG stock traded up $12.69 during midday trading on Monday, reaching $5,457.13. 214,392 shares of the company's stock traded hands, compared to its average volume of 186,898. Booking Holdings Inc. has a 52-week low of $4,030.69 and a 52-week high of $5,839.41. The stock has a market cap of $176.87 billion, a P/E ratio of 37.95, a PEG ratio of 1.57 and a beta of 1.39. The stock's 50-day moving average is $5,570.86 and its 200 day moving average is $5,238.82.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. During the same period in the prior year, the business posted $41.90 earnings per share. The company's revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on BKNG. Benchmark reiterated a "buy" rating and set a $6,200.00 price target (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. UBS Group upped their price objective on shares of Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a report on Monday, July 28th. Wedbush reiterated a "neutral" rating and issued a $5,900.00 price objective on shares of Booking in a research note on Wednesday, July 30th. Morgan Stanley set a $5,650.00 price objective on shares of Booking and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Erste Group Bank raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Three equities 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.

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.