Level Four Advisory Services LLC Lowers Stake in Booking Holdings Inc. $BKNG

Level Four Advisory Services LLC reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,082 shares of the business services provider’s stock after selling 219 shares during the quarter. Level Four Advisory Services LLC’s holdings in Booking were worth $12,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after acquiring an additional 65 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Booking during the fourth quarter worth about $209,000. Natixis Advisors LLC grew its position in shares of Booking by 11.5% during the first quarter. Natixis Advisors LLC now owns 16,715 shares of the business services provider’s stock worth $77,004,000 after purchasing an additional 1,725 shares in the last quarter. MGO One Seven LLC raised its stake in Booking by 16.1% during the 1st quarter. MGO One Seven LLC now owns 706 shares of the business services provider’s stock valued at $3,252,000 after purchasing an additional 98 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in Booking by 6.1% in the 1st quarter. Harbour Investments Inc. now owns 52 shares of the business services provider’s stock worth $240,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Paulo Pisano sold 200 shares of the 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 sale, the insider owned 1,514 shares of the company’s stock, valued at approximately $7,570,000. This represents a 11.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the sale, the chief executive officer owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This trade represents a 4.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,452 shares of company stock worth $17,987,397. 0.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on BKNG. Wells Fargo & Company increased their price objective on shares of Booking from $5,443.00 to $5,523.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Rothschild & Co Redburn upped their target price on shares of Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Benchmark lifted their price target on shares of Booking from $6,200.00 to $6,400.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Robert W. Baird set a $6,325.00 price target on shares of Booking in a research note on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus target price of $6,141.52.

Booking Trading Up 0.1%

BKNG opened at $4,911.85 on Friday. The stock has a 50-day moving average of $5,134.32 and a 200 day moving average of $5,391.73. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The firm has a market cap of $158.33 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $95.56 by $3.94. The business had revenue of $9.01 billion during the quarter, compared to analyst estimates 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 for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the company earned $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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