Moran Wealth Management LLC Lowers Position in Booking Holdings Inc. $BKNG

Moran Wealth Management LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,542 shares of the business services provider’s stock after selling 19 shares during the quarter. Moran Wealth Management LLC’s holdings in Booking were worth $8,927,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Kingswood Wealth Advisors LLC lifted its holdings in shares of Booking by 27.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider’s stock worth $844,000 after buying an additional 39 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Booking by 18.6% in the second quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after buying an additional 11,829 shares in the last quarter. Overbrook Management Corp lifted its holdings in shares of Booking by 49.5% in the second quarter. Overbrook Management Corp now owns 3,314 shares of the business services provider’s stock worth $19,186,000 after buying an additional 1,098 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Booking in the first quarter worth $203,000. Finally, BFI Infinity Ltd. increased its position in Booking by 215.6% in the second quarter. BFI Infinity Ltd. now owns 142 shares of the business services provider’s stock worth $822,000 after purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Up 1.7%

BKNG stock opened at $5,253.85 on Tuesday. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The stock has a market capitalization of $170.28 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.35. The firm’s fifty day simple moving average is $5,488.05 and its two-hundred day simple moving average is $5,329.42.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating analysts’ consensus estimates of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business 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 business posted $41.90 earnings per share. The business’s revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

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

Wall Street Analysts Forecast Growth

BKNG has been the topic of several research reports. Morgan Stanley set a $5,650.00 price target on shares of Booking and gave the stock an “equal weight” rating in a research report on Wednesday, July 30th. Piper Sandler restated a “neutral” rating and issued a $5,750.00 price target (up previously from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. BTIG Research restated a “buy” rating and issued a $6,250.00 price target on shares of Booking in a research report on Wednesday, October 8th. Finally, Susquehanna boosted their price target on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average price target of $5,808.81.

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the transaction, the director owned 131 shares in the company, valued at $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the transaction, the chief executive officer owned 23,607 shares in the company, valued at approximately $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 have sold 2,169 shares of company stock worth $11,929,560 over the last quarter. Insiders own 0.16% of the company’s stock.

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.