Davies Financial Advisors Inc. Makes New Investment in Booking Holdings Inc. $BKNG

Davies Financial Advisors Inc. purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 35 shares of the business services provider’s stock, valued at approximately $203,000.

Several other large investors also recently made changes to their positions in BKNG. Vanguard Group Inc. lifted its holdings in Booking by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock worth $13,620,154,000 after purchasing an additional 30,054 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Booking by 1.1% in the second quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider’s stock valued at $4,936,132,000 after purchasing an additional 9,333 shares during the period. Northern Trust Corp lifted its stake in shares of Booking by 0.5% in the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock worth $1,706,063,000 after buying an additional 1,699 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Booking by 6.6% during the 1st quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock worth $1,365,170,000 after buying an additional 18,268 shares during the period. Finally, Nordea Investment Management AB grew its stake in Booking by 9.5% in the 2nd quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock valued at $1,297,331,000 after buying an additional 19,578 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Trading Down 1.9%

Shares of BKNG stock opened at $5,075.61 on Friday. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The company has a market capitalization of $163.61 billion, a P/E ratio of 32.99, a P/E/G ratio of 1.57 and a beta of 1.34. The stock has a 50 day moving average of $5,270.88 and a two-hundred day moving average of $5,410.67.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating analysts’ consensus estimates 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%.Booking’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s payout ratio is 24.96%.

Analyst Ratings Changes

A number of research analysts have weighed in on BKNG shares. Morgan Stanley set a $6,150.00 target price on shares of Booking in a research report on Wednesday, October 29th. Gordon Haskett cut their price objective on Booking from $5,680.00 to $5,620.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. The Goldman Sachs Group raised their target price on Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. DA Davidson lifted their price target on Booking from $6,500.00 to $6,600.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $6,000.00 price objective (up from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $6,121.23.

Insiders Place Their Bets

In other news, CEO Glenn D. Fogel sold 625 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the sale, the chief executive officer directly owned 22,982 shares in the company, valued at approximately $118,162,642.46. This represents a 2.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Larry Quinlan sold 64 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 131 shares of the company’s stock, valued at approximately $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,424 shares of company stock valued at $12,912,874 over the last 90 days. Company insiders own 0.16% of the company’s stock.

Booking Company 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.