Optas LLC Has $666,000 Stake in Booking Holdings Inc. $BKNG

Optas LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115 shares of the business services provider’s stock after selling 2 shares during the period. Optas LLC’s holdings in Booking were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Atwood & Palmer Inc. bought a new stake in shares of Booking in the second quarter valued at approximately $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of Booking in the first quarter valued at approximately $28,000. O Brien Wealth Partners LLC bought a new stake in shares of Booking in the second quarter valued at approximately $35,000. First PREMIER Bank boosted its stake in shares of Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after buying an additional 3 shares during the period. Finally, Keystone Global Partners LLC bought a new stake in shares of Booking in the first quarter valued at approximately $32,000. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

Shares of BKNG opened at $5,131.23 on Thursday. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The stock has a market capitalization of $166.30 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 1.51 and a beta of 1.35. The stock has a fifty day moving average of $5,503.17 and a 200-day moving average of $5,311.28.

Booking (NASDAQ:BKNG) last announced its quarterly 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 company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.Booking’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, September 5th. Booking’s dividend payout ratio is presently 26.71%.

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 stock was sold at an average price of $5,500.00, for a total value of $82,500.00. Following the completion of the sale, the director directly owned 747 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the sale, the chief executive officer owned 23,607 shares of the company’s stock, valued at $130,237,930.44. The trade was a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,195 shares of company stock worth $23,467,630 over the last three months. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

BKNG has been the subject of several recent analyst reports. Cantor Fitzgerald restated a “neutral” rating on shares of Booking in a research note on Wednesday, July 30th. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. DA Davidson upped their target price on Booking from $5,750.00 to $6,500.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Hsbc Global Res upgraded Booking to a “strong-buy” rating in a research note on Thursday, July 17th. Finally, Royal Bank Of Canada upped their target price on Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average target price of $5,808.81.

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.