Klingman & Associates LLC Decreases Stock Holdings in Booking Holdings Inc. $BKNG

Klingman & Associates LLC trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125 shares of the business services provider’s stock after selling 2 shares during the period. Klingman & Associates LLC’s holdings in Booking were worth $724,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vontobel Holding Ltd. lifted its position in shares of Booking by 18.6% in the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after purchasing an additional 11,829 shares during the period. Sequoia Financial Advisors LLC raised its stake in Booking by 20.0% in the second quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock worth $6,090,000 after buying an additional 175 shares in the last quarter. Vest Financial LLC lifted its holdings in Booking by 0.7% in the second quarter. Vest Financial LLC now owns 9,090 shares of the business services provider’s stock worth $52,624,000 after buying an additional 61 shares during the period. NorthRock Partners LLC boosted its position in Booking by 12.8% during the 2nd quarter. NorthRock Partners LLC now owns 494 shares of the business services provider’s stock valued at $2,860,000 after acquiring an additional 56 shares in the last quarter. Finally, Overbrook Management Corp boosted its position in Booking by 49.5% during the 2nd quarter. Overbrook Management Corp now owns 3,314 shares of the business services provider’s stock valued at $19,186,000 after acquiring an additional 1,098 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Insiders Place Their Bets

In other Booking news, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction dated 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 completion of the sale, the director directly owned 131 shares in the company, valued at $722,045.80. The trade was a 32.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the sale, the director directly owned 732 shares of the company’s stock, valued at $3,873,729.36. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,197 shares of company stock valued at $17,260,963. Insiders own 0.16% of the company’s stock.

Booking Stock Up 1.4%

Shares of NASDAQ BKNG opened at $5,141.88 on Tuesday. The firm has a market cap of $166.65 billion, a P/E ratio of 35.76, a PEG ratio of 1.57 and a beta of 1.35. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The company has a 50 day moving average of $5,454.63 and a 200 day moving average of $5,349.06.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion during 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 revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the company earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on BKNG. Truist Financial increased their target price on Booking from $4,720.00 to $5,630.00 and gave the stock a “hold” rating in a research report on Monday, July 14th. Morgan Stanley set a $5,650.00 price target on Booking and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Booking in a report on Tuesday, October 14th. BMO Capital Markets restated an “outperform” rating and set a $6,000.00 target price (up previously from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $5,750.00 target price (up from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5,808.81.

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.