EagleClaw Capital Managment LLC Sells 82 Shares of Booking Holdings Inc. $BKNG

EagleClaw Capital Managment LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 3.3% during the 2nd quarter, Holdings Channel reports. The firm owned 2,372 shares of the business services provider’s stock after selling 82 shares during the period. Booking makes up approximately 2.1% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 11th biggest position. EagleClaw Capital Managment LLC’s holdings in Booking were worth $13,732,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd increased its stake in shares of Booking by 15.6% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock valued at $2,958,000 after acquiring an additional 69 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Booking by 18.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after acquiring an additional 11,829 shares during the last quarter. Covey Capital Advisors LLC increased its stake in Booking by 1.0% in the second quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock valued at $6,467,000 after purchasing an additional 11 shares in the last quarter. Atria Investments Inc raised its holdings in Booking by 12.7% in the second quarter. Atria Investments Inc now owns 2,291 shares of the business services provider’s stock worth $13,262,000 after purchasing an additional 259 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in Booking by 20.0% in the second quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock worth $6,090,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BKNG shares. Royal Bank Of Canada upped their price objective on shares of Booking from $5,900.00 to $6,100.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Gordon Haskett lowered their price target on Booking from $5,680.00 to $5,620.00 and set a “hold” rating for the company in a report on Wednesday, October 29th. Wedbush set a $6,000.00 price objective on Booking and gave the company a “neutral” rating in a research report on Wednesday, October 29th. DA Davidson increased their target price on Booking from $6,500.00 to $6,600.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, UBS Group set a $6,806.00 price target on shares of Booking and gave the company a “buy” rating in a research note on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6,121.23.

Booking Stock Up 2.5%

NASDAQ:BKNG opened at $5,175.58 on Thursday. The company has a market cap of $166.83 billion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The business has a 50 day moving average price of $5,281.08 and a two-hundred day moving average price of $5,413.02.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data 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. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. 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 previous year, the firm posted $83.39 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be issued a $9.60 dividend. The ex-dividend date is Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s dividend payout ratio (DPR) is presently 24.96%.

Insiders Place Their Bets

In related news, CEO Glenn D. Fogel sold 625 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 22,982 shares in the company, valued at approximately $118,162,642.46. This represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Mylod, Jr. sold 40 shares of the firm’s stock in a transaction that occurred 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. This represents a 4.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,437 shares of company stock valued at $18,460,963 in the last quarter. 0.16% of the stock is currently owned by corporate insiders.

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.