Wynn Capital LLC Has $760,000 Holdings in Booking Holdings Inc. $BKNG

Wynn Capital LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2,454.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,266 shares of the business services provider’s stock after acquiring an additional 4,099 shares during the period. Wynn Capital LLC’s holdings in Booking were worth $760,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of BKNG. Vanguard Group Inc. increased its holdings in Booking by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,997,949 shares of the business services provider’s stock worth $16,055,006,000 after purchasing an additional 23,159 shares in the last quarter. J. Stern & Co. LLP raised its position in Booking by 191,965.8% in the fourth quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider’s stock valued at $15,171,489,000 after purchasing an additional 2,831,495 shares during the last quarter. State Street Corp boosted its stake in shares of Booking by 0.5% during the fourth quarter. State Street Corp now owns 1,435,116 shares of the business services provider’s stock valued at $7,685,520,000 after purchasing an additional 6,976 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Booking by 15.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 966,121 shares of the business services provider’s stock worth $5,173,899,000 after purchasing an additional 128,700 shares during the last quarter. Finally, Bank of Nova Scotia grew its holdings in shares of Booking by 1,497.3% during the first quarter. Bank of Nova Scotia now owns 870,520 shares of the business services provider’s stock worth $3,665,168,000 after purchasing an additional 816,022 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking News Roundup

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations: Booking reported adjusted earnings of $2.54 per share versus the $2.43 consensus, while revenue rose 8.1% year over year to $7.35 billion, exceeding estimates of $7.19 billion. Growth in room nights, gross bookings and EBITDA pointed to continued travel demand. Booking Holdings Q2 results top estimates as travel demand remains resilient
• Positive Sentiment: Analysts raised targets and maintained bullish ratings: UBS lifted its target to $274 and kept a Buy rating, while Wedbush raised its target to $247 with an Outperform rating. Benchmark increased its target to $250, and BTIG reaffirmed its Buy rating with a $250 target. Booking Given New Price Target at UBS Group
• Positive Sentiment: Operational initiatives remain supportive: Management highlighted early benefits from artificial-intelligence personalization, higher savings and growth in its connected-trip offerings, which could support efficiency and longer-term expansion. BKNG Q2 Earnings Call Centers on Resilience, AI and Savings
• Neutral Sentiment: Dividend declared: Booking declared a quarterly dividend of $0.42 per share, payable September 30 to shareholders of record September 11. The modest 0.8% yield is supportive of shareholder returns but unlikely to materially affect valuation.
• Neutral Sentiment: Director stock sale: Director Robert J. Mylod Jr. sold 1,000 shares worth $206,700 under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance and leaves him with 15,000 shares, it is not necessarily a bearish signal. SEC Form 4 filing
• Negative Sentiment: Near-term concerns temper the optimism: Third-quarter revenue guidance was viewed as soft, room-night growth is slowing, and marketing expenses are rising faster than revenue. Geopolitical volatility and competition from Google also remain risks, while some commentary warned that the recent rally has left the stock technically overbought. Why Analysts Are Bullish on a Stock That’s Down 20%

Analysts Set New Price Targets

Several research firms recently commented on BKNG. Weiss Ratings upgraded shares of Booking from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Citigroup restated a “buy” rating and issued a $236.00 target price (up from $225.00) on shares of Booking in a report on Wednesday. Truist Financial set a $242.00 price target on shares of Booking in a research report on Wednesday. UBS Group increased their price target on Booking from $266.00 to $274.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company set a $220.00 price objective on Booking and gave the company an “equal weight” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $234.69.

Insider Transactions at Booking

In related news, Director Vanessa Ames Wittman sold 1,125 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total value of $216,000.00. Following the transaction, the director owned 16,508 shares of the company’s stock, valued at $3,169,536. This represents a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $206.70, for a total value of $206,700.00. Following the sale, the director owned 15,000 shares in the company, valued at $3,100,500. The trade was a 6.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 69,625 shares of company stock valued at $11,652,075. Insiders own 0.17% of the company’s stock.

Booking Trading Up 0.2%

BKNG stock opened at $207.39 on Friday. The stock’s fifty day simple moving average is $178.49 and its two-hundred day simple moving average is $176.73. The stock has a market cap of $155.83 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.32 and a beta of 1.07. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $231.80.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. The company had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $55.40 EPS. As a group, analysts forecast that Booking Holdings Inc. will post 10.28 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, September 11th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. Booking’s dividend payout ratio (DPR) is 18.58%.

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.