Booking Holdings Inc. $BKNG Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 100.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,877 shares of the business services provider’s stock after selling 38,853,670 shares during the quarter. Calamos Advisors LLC’s holdings in Booking were worth $86,127,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wealth Preservation Advisors LLC purchased a new stake in shares of Booking in the 1st quarter valued at approximately $28,000. Atwood & Palmer Inc. purchased a new position in shares of Booking during the 2nd quarter worth approximately $29,000. Westside Investment Management Inc. increased its holdings in Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares during the last quarter. Keystone Global Partners LLC acquired a new stake in Booking in the 1st quarter valued at approximately $32,000. Finally, O Brien Wealth Partners LLC purchased a new stake in Booking in the second quarter valued at approximately $35,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BKNG shares. Wedbush set a $6,000.00 price target on Booking and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $6,150.00 target price on Booking in a research note on Wednesday, October 29th. Mizuho set a $6,000.00 target price on Booking in a report on Wednesday, October 29th. Royal Bank Of Canada lifted their target price on Booking from $5,900.00 to $6,100.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Susquehanna increased their price target on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6,121.23.

Insider Transactions at Booking

In other news, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the transaction, the director directly owned 131 shares of the company’s stock, valued at approximately $722,045.80. This represents a 32.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert J. Mylod, Jr. sold 40 shares of the stock in a transaction dated 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 in the company, valued at approximately $4,800,000. The trade was a 4.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,437 shares of company stock valued at $18,460,963 over the last ninety days. Company insiders own 0.16% of the company’s stock.

Booking Stock Performance

BKNG stock opened at $5,175.58 on Thursday. The company’s 50 day moving average price is $5,281.08 and its 200 day moving average price is $5,413.02. The firm has a market capitalization of $166.83 billion, a price-to-earnings ratio of 33.64, a PEG 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 posted its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping the consensus estimate of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter in the previous year, the business posted $83.39 EPS. The firm’s 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 forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

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. The ex-dividend date is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s payout ratio is presently 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.