VestGen Advisors LLC Sells 22 Shares of Booking Holdings Inc. $BKNG

VestGen Advisors LLC lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.9% in the second quarter, Holdings Channel reports. The firm owned 226 shares of the business services provider’s stock after selling 22 shares during the period. VestGen Advisors LLC’s holdings in Booking were worth $1,308,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Trustmark Bank Trust Department grew its stake in Booking by 33.7% in the 2nd quarter. Trustmark Bank Trust Department now owns 226 shares of the business services provider’s stock valued at $1,308,000 after buying an additional 57 shares during the last quarter. First National Advisers LLC boosted its holdings in Booking by 0.9% during the second quarter. First National Advisers LLC now owns 1,053 shares of the business services provider’s stock valued at $6,097,000 after acquiring an additional 9 shares during the period. West Family Investments Inc. grew its position in shares of Booking by 75.0% in the second quarter. West Family Investments Inc. now owns 161 shares of the business services provider’s stock valued at $932,000 after purchasing an additional 69 shares during the last quarter. Giverny Capital Inc. increased its stake in shares of Booking by 0.7% in the second quarter. Giverny Capital Inc. now owns 21,290 shares of the business services provider’s stock worth $123,253,000 after purchasing an additional 158 shares during the period. Finally, Schroder Investment Management Group lifted its position in shares of Booking by 4.9% during the 2nd quarter. Schroder Investment Management Group now owns 377,198 shares of the business services provider’s stock worth $2,183,690,000 after purchasing an additional 17,662 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. B. Riley upped their target price on shares of Booking from $6,700.00 to $6,800.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Booking in a research report on Monday, November 24th. Truist Financial set a $5,810.00 target price on shares of Booking in a research note on Wednesday, October 29th. BNP Paribas set a $6,100.00 price target on Booking in a research note on Monday, November 24th. Finally, Bank of America raised Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 price target for the company in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $6,141.52.

Booking Stock Down 0.5%

NASDAQ:BKNG opened at $4,891.81 on Tuesday. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The firm has a market capitalization of $157.68 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. The firm has a 50-day moving average price of $5,112.37 and a 200 day moving average price of $5,389.45.

Booking (NASDAQ:BKNG) last released its quarterly earnings data 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. 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 period in the previous year, the business earned $83.39 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 200 shares of Booking stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider owned 1,514 shares in the company, valued at approximately $7,570,000. The trade was a 11.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Mylod, Jr. sold 40 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $200,000.00. Following the sale, the director owned 960 shares in the company, valued at $4,800,000. The trade was a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 3,452 shares of company stock valued at $17,987,397. 0.16% of the stock is currently owned by insiders.

Booking 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.