Westmount Partners LLC Takes $399,000 Position in Booking Holdings Inc. $BKNG

Key Points

• Westmount Partners LLC recently acquired a new stake in Booking Holdings Inc. worth approximately $399,000, buying 69 shares in the second quarter.
• CEO Glenn D. Fogel sold 1,013 shares of the company for over $5.5 million, reducing his ownership by almost 4%.
• Booking announced a quarterly dividend of $9.60 per share, representing an annualized yield of 0.7% with a dividend payout ratio of 26.71%.

Westmount Partners LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 69 shares of the business services provider's stock, valued at approximately $399,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Elequin Capital LP boosted its stake in Booking by 20.0% during the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock valued at $60,000 after buying an additional 2 shares in the last quarter. Fidelis Capital Partners LLC boosted its position in shares of Booking by 1.2% in the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock valued at $809,000 after purchasing an additional 2 shares during the period. WNY Asset Management LLC boosted its position in shares of Booking by 3.7% in the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider's stock valued at $258,000 after purchasing an additional 2 shares during the period. Gries Financial LLC boosted its position in shares of Booking by 1.6% in the 1st quarter. Gries Financial LLC now owns 125 shares of the business services provider's stock valued at $576,000 after purchasing an additional 2 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted its position in shares of Booking by 0.5% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock valued at $1,854,000 after purchasing an additional 2 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total transaction 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. This trade represents a 3.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry Quinlan sold 64 shares of the firm's 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 sale, the director directly 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. Insiders have sold a total of 3,103 shares of company stock valued at $17,443,735 over the last ninety days. Company insiders own 0.16% of the company's stock.

Booking Trading Up 1.9%

Shares of Booking stock opened at $5,559.83 on Tuesday. The stock has a 50-day moving average price of $5,588.88 and a 200 day moving average price of $5,221.64. The company has a market cap of $180.19 billion, a P/E ratio of 38.67, a P/E/G ratio of 1.57 and a beta of 1.39. Booking Holdings Inc. has a 1 year low of $3,930.00 and a 1 year high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) 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 firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same period in the prior year, the business earned $41.90 EPS. The business's revenue for the quarter was up 16.0% on a year-over-year basis. 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 Announces Dividend

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 paid a dividend of $9.60 per share. 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 26.71%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Truist Financial increased their price target on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a research report on Monday, July 14th. B. Riley reiterated a "buy" rating and issued a $6,700.00 price target (up previously from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Erste Group Bank upgraded Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada increased their price target on Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Citigroup increased their price objective on Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Three equities research 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $5,808.81.

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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