GHP Investment Advisors Inc. Purchases 95 Shares of Booking Holdings Inc. $BKNG

GHP Investment Advisors Inc. raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,593 shares of the business services provider’s stock after acquiring an additional 95 shares during the period. GHP Investment Advisors Inc.’s holdings in Booking were worth $9,221,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in BKNG. Atwood & Palmer Inc. purchased a new stake in Booking in the second quarter worth about $29,000. Wealth Preservation Advisors LLC acquired a new position in shares of Booking during the first quarter valued at about $28,000. O Brien Wealth Partners LLC acquired a new position in Booking in the 2nd quarter worth approximately $35,000. First PREMIER Bank increased its holdings in Booking by 100.0% in the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after buying an additional 3 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC boosted its position in Booking by 100.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock worth $35,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BKNG shares. Robert W. Baird set a $6,325.00 target price on Booking in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price objective on Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Wells Fargo & Company lifted their target price on Booking from $5,443.00 to $5,523.00 and gave the company an “equal weight” rating in a research report on Wednesday. Truist Financial set a $5,810.00 target price on Booking in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their price target on Booking from $5,640.00 to $6,050.00 and gave the stock a “neutral” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average target price of $6,121.23.

Booking Stock Down 0.0%

Shares of BKNG stock opened at $5,077.74 on Friday. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The stock has a market cap of $164.57 billion, a P/E ratio of 33.00, a P/E/G ratio of 1.57 and a beta of 1.35. The business has a fifty day simple moving average of $5,381.21 and a 200-day simple moving average of $5,393.18.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share 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 analysts’ expectations of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

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

Insider Buying and Selling at Booking

In related news, Director Larry Quinlan sold 64 shares of the business’s 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 transaction of $352,755.20. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 625 shares of the business’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 transaction, the chief executive officer directly owned 22,982 shares in the company, valued at $118,162,642.46. This trade represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,197 shares of company stock worth $17,260,963 in the last 90 days. 0.16% of the stock is owned by company insiders.

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.