Corient Private Wealth LP Purchases Shares of 600,825 Booking Holdings Inc. $BKNG

Corient Private Wealth LP acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the second quarter, HoldingsChannel reports. The institutional investor acquired 600,825 shares of the business services provider’s stock, valued at approximately $107,091,000.

A number of other large investors have also added to or reduced their stakes in BKNG. Benjamin Edwards Inc. increased its position in Booking by 1.7% in the second quarter. Benjamin Edwards Inc. now owns 121 shares of the business services provider’s stock worth $700,000 after purchasing an additional 2 shares during the last quarter. Mutual Advisors LLC grew its stake in shares of Booking by 1.2% in the 4th quarter. Mutual Advisors LLC now owns 246 shares of the business services provider’s stock worth $1,317,000 after buying an additional 3 shares in the last quarter. Avidian Wealth Enterprises LLC grew its stake in shares of Booking by 3.2% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 97 shares of the business services provider’s stock worth $518,000 after buying an additional 3 shares in the last quarter. Diversify Wealth Management LLC grew its stake in shares of Booking by 7.1% in the 4th quarter. Diversify Wealth Management LLC now owns 45 shares of the business services provider’s stock worth $239,000 after buying an additional 3 shares in the last quarter. Finally, Radnor Capital Management LLC increased its holdings in shares of Booking by 0.6% in the 4th quarter. Radnor Capital Management LLC now owns 534 shares of the business services provider’s stock worth $2,860,000 after buying an additional 3 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Shares of BKNG stock opened at $208.89 on Thursday. The stock has a 50 day moving average price of $190.88 and a 200 day moving average price of $177.38. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $227.72. The firm has a market capitalization of $156.96 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.29 and a beta of 1.07.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The company had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the prior year, the company posted $55.40 EPS. Booking’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 10.47 EPS for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking’s payout ratio is currently 18.58%.

Analyst Ratings Changes

Several brokerages have recently issued reports on BKNG. Robert W. Baird set a $230.00 target price on shares of Booking in a research report on Wednesday, August 5th. Sanford C. Bernstein restated a “market perform” rating and set a $188.00 price objective on shares of Booking in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on Booking from $224.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. TD Cowen reissued a “buy” rating and set a $230.00 target price (down from $240.00) on shares of Booking in a research report on Wednesday, April 29th. Finally, Wedbush increased their price target on Booking from $211.00 to $247.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.45.

Key Headlines Impacting Booking

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Analysts currently assign Booking Holdings an average “Moderate Buy” rating, indicating that Wall Street remains broadly optimistic about the company’s outlook. Booking Holdings Given Average Rating of Moderate Buy by Analysts
• Positive Sentiment: OpenTable, a Booking Holdings business, introduced more than 20 restaurant-focused product enhancements, including AI-powered search distribution, automation tools, and natural-language reporting. The rollout could strengthen OpenTable’s value proposition, improve restaurant engagement, and support longer-term growth in the company’s restaurant technology operations. OpenTable Launches New Product Features
• Neutral Sentiment: Chief Financial Officer Ewout Steenbergen will speak at the Goldman Sachs Communacopia + Technology Conference on September 9. The presentation could provide updated commentary on travel demand, margins, and strategy, but no new financial guidance was announced. Booking Holdings Goldman Sachs Conference Presentation
• Neutral Sentiment: CEO Glenn Fogel is scheduled to participate in a Citi Global TMT Conference session on September 8. The event may offer investors additional strategic insight, but the announcement itself has no immediate earnings impact. Booking Holdings Citi Conference Presentation
• Neutral Sentiment: A report discusses whether Wall Street is bullish or bearish on BKNG, highlighting the importance of analyst expectations and valuation in current trading. The headline alone does not establish a specific change in consensus. Booking Holdings Stock: Is Wall Street Bullish or Bearish?
• Negative Sentiment: Booking’s recent pullback may indicate investor caution after a substantial advance, particularly as valuation and the sustainability of travel-demand growth remain key considerations. The reported short-interest data showed zero shares and therefore provides no meaningful evidence of bearish short positioning.

Insider Activity at Booking

In related news, Director Robert J. Mylod, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total value of $1,000,000.00. Following the transaction, the director owned 16,000 shares of the company’s stock, valued at $3,200,000. This trade represents a 23.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the completion of the transaction, the chief financial officer directly owned 59,794 shares in the company, valued at $12,618,327.82. This represents a 25.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 77,550 shares of company stock valued at $16,112,304. Company insiders own 0.17% of the company’s stock.

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.