Concord Wealth Partners Lowers Position in Booking Holdings Inc. $BKNG

Concord Wealth Partners lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 16.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31 shares of the business services provider’s stock after selling 6 shares during the quarter. Concord Wealth Partners’ holdings in Booking were worth $179,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BKNG. Wealth Preservation Advisors LLC purchased a new stake in shares of Booking during the 1st quarter worth approximately $28,000. Atwood & Palmer Inc. purchased a new stake in shares of Booking during the 2nd quarter worth approximately $29,000. Keystone Global Partners LLC purchased a new stake in shares of Booking during the 1st quarter worth approximately $32,000. O Brien Wealth Partners LLC purchased a new stake in shares of Booking during the 2nd quarter worth approximately $35,000. Finally, First PREMIER Bank raised its holdings in shares of Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after acquiring an additional 3 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the transaction, the director owned 131 shares of the company’s stock, valued at $722,045.80. This represents a 32.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total value of $82,500.00. Following the transaction, the director directly owned 747 shares in the company, valued at $4,108,500. The trade was a 1.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,169 shares of company stock valued at $11,929,560 in the last quarter. 0.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BKNG shares. Wells Fargo & Company upped their price objective on Booking from $5,418.00 to $5,443.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. B. Riley reissued a “buy” rating and set a $6,700.00 target price (up previously from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Hsbc Global Res raised Booking to a “strong-buy” rating in a research report on Thursday, July 17th. Susquehanna boosted their price objective on shares of Booking from $6,000.00 to $6,500.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Finally, UBS Group boosted their price objective on shares of Booking from $5,750.00 to $6,300.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5,808.81.

Booking Stock Up 1.7%

Shares of Booking stock opened at $5,253.85 on Tuesday. The stock’s fifty day moving average is $5,488.05 and its two-hundred day moving average is $5,329.42. The company has a market capitalization of $170.28 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.35. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.Booking’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, September 5th. Booking’s dividend payout ratio is 26.71%.

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.