Spire Wealth Management Has $1.74 Million Stake in Booking Holdings Inc. $BKNG

Spire Wealth Management decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 307 shares of the business services provider’s stock after selling 14 shares during the period. Spire Wealth Management’s holdings in Booking were worth $1,738,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BKNG. Brighton Jones LLC increased its holdings in shares of Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after purchasing an additional 65 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Booking in the 4th quarter valued at about $209,000. DAVENPORT & Co LLC increased its holdings in shares of Booking by 29.7% in the 1st quarter. DAVENPORT & Co LLC now owns 559 shares of the business services provider’s stock valued at $2,577,000 after purchasing an additional 128 shares during the period. Rossby Financial LCC acquired a new position in shares of Booking in the 1st quarter valued at about $82,000. Finally, Private Trust Co. NA increased its holdings in shares of Booking by 52.8% in the 1st quarter. Private Trust Co. NA now owns 269 shares of the business services provider’s stock valued at $1,240,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the topic of a number of research reports. Sanford C. Bernstein restated a “market perform” rating and issued a $5,433.00 price objective on shares of Booking in a report on Thursday. Evercore ISI increased their price objective on Booking from $5,500.00 to $6,250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Cantor Fitzgerald dropped their price objective on Booking from $5,590.00 to $5,550.00 and set a “neutral” rating on the stock in a report on Wednesday. Mizuho set a $6,000.00 price objective on Booking in a report on Wednesday. Finally, Morgan Stanley set a $6,150.00 price objective on Booking in a report on Wednesday. Three 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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 12 month low of $4,096.23 and a 12 month high of $5,839.41. The business’s 50 day moving average is $5,381.21 and its two-hundred day moving average is $5,387.76. The company has a market cap of $164.57 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating the consensus estimate of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The company had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter last year, the company posted $83.39 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business 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 dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s dividend payout ratio (DPR) is 24.96%.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the transaction, the chief executive officer owned 23,607 shares in the company, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Larry Quinlan sold 64 shares of the firm’s stock in a transaction 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 completion of the sale, the director owned 131 shares in the company, valued at approximately $722,045.80. The trade was a 32.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,197 shares of company stock worth $17,260,963 over the last 90 days. Insiders own 0.16% of the company’s stock.

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.