Prime Capital Investment Advisors LLC Sells 132 Shares of Booking Holdings Inc. $BKNG

Prime Capital Investment Advisors LLC cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 12.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 927 shares of the business services provider’s stock after selling 132 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Booking were worth $5,364,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Booking by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock worth $13,620,154,000 after purchasing an additional 30,054 shares during the period. Northern Trust Corp grew its stake in shares of Booking by 0.5% during the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock valued at $1,706,063,000 after buying an additional 1,699 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Booking by 6.6% in the first quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock worth $1,365,170,000 after buying an additional 18,268 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Booking by 3.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider’s stock valued at $1,023,655,000 after acquiring an additional 8,015 shares during the last quarter. Finally, Ninety One UK Ltd boosted its holdings in Booking by 1.1% during the 2nd quarter. Ninety One UK Ltd now owns 218,016 shares of the business services provider’s stock valued at $1,262,147,000 after acquiring an additional 2,418 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total value of $82,500.00. Following the completion of the transaction, the director owned 747 shares in the company, valued at approximately $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the sale, the director owned 195 shares in the company, valued at approximately $1,089,486.45. This trade represents a 24.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,195 shares of company stock worth $23,467,630 in the last quarter. 0.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and issued a $6,200.00 price target (up from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. UBS Group raised 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. Barclays upped their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. BMO Capital Markets reissued an “outperform” rating and issued a $6,000.00 price target (up previously from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Finally, Truist Financial upped their price objective on shares of Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a research note on Monday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5,808.81.

Booking Trading Up 0.0%

Shares of NASDAQ BKNG opened at $5,419.87 on Tuesday. The firm has a fifty day simple moving average of $5,519.78 and a two-hundred day simple moving average of $5,313.02. 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 $175.66 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 1.56 and a beta of 1.35.

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

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given 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 dividend payout ratio is currently 26.71%.

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.