Channing Global Advisors LLC Sells 48 Shares of Booking Holdings Inc. $BKNG

Channing Global Advisors LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 397 shares of the business services provider’s stock after selling 48 shares during the period. Booking accounts for 1.5% of Channing Global Advisors LLC’s holdings, making the stock its 19th biggest position. Channing Global Advisors LLC’s holdings in Booking were worth $2,298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BKNG. Brighton Jones LLC grew its stake in Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after buying an additional 65 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Booking during the fourth quarter worth about $209,000. Harbour Investments Inc. increased its holdings in shares of Booking by 6.1% during the first quarter. Harbour Investments Inc. now owns 52 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 3 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Booking by 287.2% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 333 shares of the business services provider’s stock valued at $1,534,000 after purchasing an additional 247 shares during the last quarter. Finally, Baker Avenue Asset Management LP boosted its stake in Booking by 12.2% in the 1st quarter. Baker Avenue Asset Management LP now owns 83 shares of the business services provider’s stock worth $380,000 after purchasing an additional 9 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

Shares of BKNG opened at $4,912.08 on Friday. The business’s 50-day moving average is $5,123.68 and its two-hundred day moving average is $5,390.66. The company has a market capitalization of $158.34 billion, a P/E ratio of 31.93, a P/E/G ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41.

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

Booking Dividend Announcement

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

Insider Activity

In other Booking news, Director Robert J. Mylod, Jr. sold 40 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 value of $200,000.00. Following the completion of the transaction, the director owned 960 shares of the company’s stock, valued at approximately $4,800,000. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paulo Pisano sold 200 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 1,514 shares of the company’s stock, valued at approximately $7,570,000. This trade represents a 11.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,452 shares of company stock valued at $17,987,397 in the last quarter. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on BKNG shares. Gordon Haskett cut their price target on shares of Booking from $5,680.00 to $5,620.00 and set a “hold” rating on the stock in a research note on Wednesday, October 29th. Sanford C. Bernstein reissued a “market perform” rating and issued a $5,433.00 target price on shares of Booking in a research report on Thursday, October 30th. Citigroup restated a “market outperform” rating on shares of Booking in a research note on Wednesday, October 29th. Morgan Stanley set a $6,150.00 price target on Booking in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group increased their price objective on Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average price target of $6,141.52.

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.