ProShare Advisors LLC Buys 1,456 Shares of Booking Holdings Inc. $BKNG

ProShare Advisors LLC grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,952 shares of the business services provider’s stock after buying an additional 1,456 shares during the period. Booking makes up 0.6% of ProShare Advisors LLC’s portfolio, making the stock its 24th biggest position. ProShare Advisors LLC owned approximately 0.15% of Booking worth $289,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Booking by 1.0% in 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 purchasing an additional 30,054 shares during the period. Northern Trust Corp lifted its holdings in Booking by 0.5% during the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock worth $1,706,063,000 after acquiring an additional 1,699 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Booking by 6.6% in the first 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 in the last quarter. Nordea Investment Management AB raised its position in shares of Booking by 9.5% during the second quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock worth $1,297,331,000 after purchasing an additional 19,578 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted 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 valued at $1,023,655,000 after purchasing an additional 8,015 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BKNG has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on Booking from $5,443.00 to $5,523.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Piper Sandler restated a “neutral” rating and issued a $5,750.00 price target (up previously from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. BTIG Research restated a “buy” rating and set a $6,250.00 price objective on shares of Booking in a research report on Wednesday, October 29th. Cantor Fitzgerald cut their price target on Booking from $5,590.00 to $5,550.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Finally, Barclays raised their price objective on Booking from $6,000.00 to $6,250.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6,121.23.

Insider Buying and Selling

In related news, Director Vanessa Ames Wittman sold 15 shares of the firm’s 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 directly owned 732 shares of the company’s stock, valued at approximately $3,873,729.36. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the sale, the director directly owned 131 shares in the company, 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 90 days, insiders sold 3,197 shares of company stock valued at $17,260,963. 0.16% of the stock is owned by insiders.

Booking Price Performance

NASDAQ BKNG opened at $4,940.00 on Monday. The stock has a market capitalization of $159.24 billion, a P/E ratio of 32.11, a P/E/G ratio of 1.57 and a beta of 1.34. The business has a 50 day simple moving average of $5,311.14 and a 200 day simple moving average of $5,412.28. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping 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 business 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 company earned $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. Equities analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company 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 dividend on an annualized basis 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%.

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.