AlphaCore Capital LLC Grows Position in Booking Holdings Inc. $BKNG

AlphaCore Capital LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 28.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94 shares of the business services provider’s stock after buying an additional 21 shares during the quarter. AlphaCore Capital LLC’s holdings in Booking were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of BKNG. Symphony Financial Ltd. Co. bought a new stake in shares of Booking in the 2nd quarter worth approximately $536,675,000. AQR Capital Management LLC boosted its stake in shares of Booking by 79.4% during the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock worth $695,259,000 after acquiring an additional 68,243 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Booking by 27.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider’s stock valued at $836,223,000 after acquiring an additional 39,523 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Booking by 19.7% in the first quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider’s stock worth $983,707,000 after acquiring an additional 35,171 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of 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. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BKNG shares. Citigroup reaffirmed a “market outperform” rating on shares of Booking in a research note on Wednesday, October 29th. Gordon Haskett reduced their price objective on Booking from $5,680.00 to $5,620.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. Wedbush upgraded Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price target on the stock in a report on Thursday, November 13th. BTIG Research restated a “buy” rating and issued a $6,250.00 target price on shares of Booking in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group upped their price objective on shares of Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Two 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6,139.21.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 200 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider owned 1,514 shares in the company, valued at $7,570,000. The trade was a 11.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Larry Quinlan sold 64 shares of Booking stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the completion of the transaction, the director owned 131 shares of the company’s stock, valued at $722,045.80. The trade was a 32.82% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 3,452 shares of company stock worth $17,987,397. 0.16% of the stock is owned by company insiders.

Booking Trading Up 4.0%

BKNG stock opened at $4,768.00 on Monday. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The stock has a market cap of $153.69 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 1.57 and a beta of 1.34. The business’s 50-day moving average is $5,182.84 and its 200 day moving average is $5,401.84.

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

Booking Announces Dividend

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

About Booking

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.