Allworth Financial LP Purchases 445 Shares of Booking Holdings Inc. $BKNG

Allworth Financial LP boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 123.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 806 shares of the business services provider’s stock after purchasing an additional 445 shares during the period. Allworth Financial LP’s holdings in Booking were worth $4,667,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund raised its stake in shares of Booking by 26.6% in the second quarter. Illinois Municipal Retirement Fund now owns 6,211 shares of the business services provider’s stock valued at $35,957,000 after acquiring an additional 1,305 shares during the last quarter. Fountainhead AM LLC increased its holdings in Booking by 57.8% during the 2nd quarter. Fountainhead AM LLC now owns 71 shares of the business services provider’s stock valued at $413,000 after purchasing an additional 26 shares in the last quarter. ProShare Advisors LLC raised its position in Booking by 3.0% in the 2nd quarter. ProShare Advisors LLC now owns 49,952 shares of the business services provider’s stock valued at $289,184,000 after purchasing an additional 1,456 shares during the last quarter. PFG Advisors boosted its stake in Booking by 31.3% in the second quarter. PFG Advisors now owns 105 shares of the business services provider’s stock worth $609,000 after purchasing an additional 25 shares in the last quarter. Finally, SFE Investment Counsel acquired a new position in Booking in the second quarter worth $232,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of research analyst reports. Bank of America lifted their price target on Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Gordon Haskett lowered their price objective on shares of Booking from $5,680.00 to $5,620.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. Royal Bank Of Canada upped their target price on shares of Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Wedbush set a $6,000.00 price target on shares of Booking and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $5,433.00 price target on shares of Booking in a report on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $6,121.23.

Booking Stock Up 1.9%

NASDAQ:BKNG opened at $5,050.65 on Wednesday. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The stock’s fifty day simple moving average is $5,289.23 and its 200-day simple moving average is $5,414.69. The firm has a market capitalization of $162.80 billion, a P/E ratio of 32.83, a P/E/G ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, beating the consensus estimate of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.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 firm posted $83.39 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

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

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 200 shares of Booking stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the transaction, the insider directly owned 1,514 shares of the company’s stock, valued at $7,570,000. This trade represents a 11.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert J. Mylod, Jr. sold 40 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the completion of the sale, the director owned 960 shares of the company’s stock, valued at approximately $4,800,000. This represents a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,437 shares of company stock valued at $18,460,963. Corporate insiders own 0.16% of the company’s stock.

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.