Booking Holdings Inc. $BKNG Shares Bought by Clearstead Trust LLC

Clearstead Trust LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 13.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136 shares of the business services provider’s stock after buying an additional 16 shares during the period. Clearstead Trust LLC’s holdings in Booking were worth $787,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BKNG. Vanguard Group Inc. increased its stake 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. Northern Trust Corp lifted its stake in shares of Booking by 0.5% in the 1st quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock valued at $1,706,063,000 after purchasing an additional 1,699 shares during the last quarter. Deutsche Bank AG grew its holdings 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 purchasing an additional 18,268 shares during the period. Charles Schwab Investment Management Inc. increased its position 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 purchasing an additional 8,015 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Booking by 19.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider’s stock worth $983,707,000 after purchasing an additional 35,171 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Down 1.9%

NASDAQ:BKNG opened at $5,075.61 on Friday. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The company has a fifty day simple moving average of $5,270.88 and a two-hundred day simple moving average of $5,410.67. The company has a market cap of $163.61 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $8.71 billion. During the same period last year, the business posted $83.39 earnings per share. Booking’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. On average, analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s dividend payout ratio is presently 24.96%.

Analyst Ratings Changes

BKNG has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Booking in a research note on Tuesday. Cantor Fitzgerald decreased their price objective on shares of Booking from $5,590.00 to $5,550.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. KeyCorp increased their price objective on shares of Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Susquehanna boosted their target price on Booking from $6,000.00 to $6,500.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada raised their price target on Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $6,121.23.

Insider Transactions at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the transaction, the director owned 732 shares in the company, valued at $3,873,729.36. The trade was a 2.01% 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 625 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the transaction, the chief executive officer owned 22,982 shares of the company’s stock, valued at $118,162,642.46. This trade represents a 2.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,424 shares of company stock valued at $12,912,874 over the last quarter. 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.