AE Wealth Management LLC Purchases 79 Shares of Booking Holdings Inc. $BKNG

AE Wealth Management LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 22.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 431 shares of the business services provider’s stock after acquiring an additional 79 shares during the period. AE Wealth Management LLC’s holdings in Booking were worth $2,494,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased 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 buying an additional 30,054 shares during the last quarter. Northern Trust Corp lifted 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 during the last quarter. Deutsche Bank AG boosted its stake in shares of 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. Nordea Investment Management AB boosted its stake in shares of Booking by 9.5% during the 2nd quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock worth $1,297,331,000 after acquiring an additional 19,578 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Booking by 3.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider’s stock worth $1,023,655,000 after acquiring an additional 8,015 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

NASDAQ:BKNG opened at $5,050.65 on Wednesday. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The firm’s 50-day simple moving average is $5,289.23 and its 200 day simple moving average is $5,414.69. The firm has a market cap of $162.80 billion, a price-to-earnings ratio of 32.83, a P/E/G ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The firm had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. During the same quarter in the prior year, the business posted $83.39 EPS. The business’s revenue was up 12.7% compared to the same quarter last year. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s dividend payout ratio (DPR) is 24.96%.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 200 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the insider directly owned 1,514 shares in the company, valued at approximately $7,570,000. This represents a 11.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the sale, the director directly owned 131 shares in the company, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,437 shares of company stock worth $18,460,963. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the subject of several research reports. Rothschild & Co Redburn raised their price target on Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wedbush set a $6,000.00 price objective on shares of Booking and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. The Goldman Sachs Group upped their price target on shares of Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Benchmark raised their price objective on shares of Booking from $6,200.00 to $6,400.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average target price of $6,121.23.

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.