Booking Holdings Inc. $BKNG Stock: Greenup Street Wealth Management LLC Reduces Stake

Greenup Street Wealth Management LLC decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 52.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,109 shares of the business services provider’s stock after selling 11,107 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in Booking were worth $1,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Kapitalo Investimentos Ltda acquired a new stake in Booking during the first quarter worth about $345,000. Alesco Advisors LLC An ESL Co bought a new position in Booking during the first quarter worth about $400,000. Ascentis Independent Advisors lifted its stake in Booking by 163.6% during the first quarter. Ascentis Independent Advisors now owns 116 shares of the business services provider’s stock worth $488,000 after purchasing an additional 72 shares during the period. Inceptionr LLC acquired a new stake in Booking during the first quarter valued at approximately $505,000. Finally, Oslo Pensjonsforsikring AS acquired a new stake in Booking during the first quarter valued at approximately $509,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Booking

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Booking’s global travel leadership, high margins and strong cash-flow generation remain important supports for the investment case. Its cash position could provide flexibility for share repurchases, investment and other shareholder returns. Booking vs. Coupang: Which Stock Is the Better Buy in November?
• Positive Sentiment: Investors will be watching for continued progress in loyalty adoption and the Connected Trip initiative, which aims to increase customer engagement and cross-selling across accommodations, flights, rental cars and other travel services. Strong execution could improve longer-term growth expectations. The Connected Trip Gamble
• Neutral Sentiment: BKNG has attracted unusually high investor attention and options activity ahead of earnings. This may increase short-term volatility, but the available reports do not indicate whether traders are positioning for a rise or decline. Booking Sees Unusually Large Options Volume
• Neutral Sentiment: Analysts are focused not only on revenue and earnings per share but also on operating metrics and other key indicators for the September quarter. These estimates could set the bar for the earnings reaction. Exploring Analyst Estimates for Booking Holdings Q3 Earnings
• Negative Sentiment: Currency headwinds could reduce the reported value of international bookings and earnings, while travel disruptions may weigh on demand or create additional costs. Booking Holdings Q3 Earnings Ahead
• Negative Sentiment: Higher marketing spending may pressure profitability even if bookings and revenue continue to grow. Investors are therefore likely to scrutinize margins, guidance and management’s outlook. Booking Holdings Q3 Earnings Ahead: What’s in Store for the Stock?
• Negative Sentiment: The shares have declined substantially and are trading near their 12-month low, reflecting elevated expectations risk ahead of the report. Any weak guidance or disappointment in Connected Trip adoption could add further pressure.

Booking Stock Down 1.5%

NASDAQ:BKNG opened at $148.13 on Friday. The firm has a market cap of $111.30 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 0.94 and a beta of 1.13. Booking Holdings Inc. has a 12 month low of $146.28 and a 12 month high of $220.81. The company’s 50-day moving average price is $171.26 and its two-hundred day moving average price is $177.25.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. The company had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $55.40 earnings per share. On average, research analysts expect that Booking Holdings Inc. will post 10.48 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were given a dividend of $0.42 per share. The ex-dividend date was Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 1.1%. Booking’s dividend payout ratio is 18.58%.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 1,500 shares of Booking stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $163.06, for a total value of $244,590.00. Following the completion of the transaction, the insider owned 70,400 shares in the company, valued at approximately $11,479,424. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $207.59, for a total value of $10,389,879.50. Following the completion of the transaction, the vice president directly owned 375,025 shares in the company, valued at approximately $77,851,439.75. This represents a 11.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 78,425 shares of company stock worth $16,210,864 over the last 90 days. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

BKNG has been the topic of several analyst reports. B. Riley Financial reiterated a “buy” rating and issued a $274.00 price objective (up from $264.00) on shares of Booking in a research note on Wednesday, August 5th. BTIG Research restated a “buy” rating and set a $250.00 target price on shares of Booking in a research report on Thursday, October 22nd. Truist Financial set a $216.00 price target on Booking and gave the company a “buy” rating in a research note on Wednesday, September 30th. Robert W. Baird set a $230.00 price target on Booking in a research report on Wednesday, August 5th. Finally, Weiss Ratings cut Booking from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $233.07.

About Booking

Booking Holdings Inc is a global online travel and restaurant-reservation company that connects consumers with travel providers through digital platforms and mobile applications. Its services include accommodations, flights, rental cars, cruises, vacation packages, restaurant reservations and other travel-related offerings.

The company operates a portfolio of well-known brands, including Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and Kayak-associated travel services.