LeConte Wealth Management LLC Buys Shares of 38 Booking Holdings Inc. $BKNG

LeConte Wealth Management LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the 2nd quarter, Holdings Channel reports. The firm bought 38 shares of the business services provider’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Atwood & Palmer Inc. acquired a new position in shares of Booking in the 2nd quarter worth approximately $29,000. Wealth Preservation Advisors LLC acquired a new stake in Booking during the 1st quarter worth approximately $28,000. O Brien Wealth Partners LLC acquired a new stake in Booking during the 2nd quarter worth approximately $35,000. First PREMIER Bank lifted its holdings in Booking by 100.0% during 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 in the last quarter. Finally, Keystone Global Partners LLC acquired a new stake in Booking during the 1st quarter worth approximately $32,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total value of $82,500.00. Following the transaction, the director directly owned 747 shares of the company’s stock, valued at $4,108,500. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Larry Quinlan sold 64 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the transaction, the director directly owned 195 shares in the company, valued at $1,089,486.45. The trade was a 24.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,195 shares of company stock valued at $23,467,630 in the last ninety days. Insiders own 0.16% of the company’s stock.

Booking Price Performance

NASDAQ BKNG opened at $5,525.60 on Thursday. The firm’s fifty day moving average price is $5,558.70 and its 200 day moving average price is $5,248.07. The company has a market capitalization of $179.08 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39. Booking Holdings Inc. has a 12 month low of $4,060.98 and a 12 month high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating analysts’ consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking’s dividend payout ratio (DPR) is 26.71%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BKNG. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Benchmark reiterated a “buy” rating and set a $6,200.00 target price (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. UBS Group increased their target price on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Hsbc Global Res upgraded shares of Booking to a “strong-buy” rating in a report on Thursday, July 17th. Finally, B. Riley reissued a “buy” rating and issued a $6,700.00 price objective (up from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.