Lyell Wealth Management LP Makes New Investment in Booking Holdings Inc. $BKNG

Lyell Wealth Management LP bought a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, HoldingsChannel.com reports. The fund bought 88 shares of the business services provider’s stock, valued at approximately $509,000.

Other large investors have also added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new stake in shares of Booking during the 1st quarter valued at $28,000. Atwood & Palmer Inc. bought a new stake in shares of Booking during the 2nd quarter valued at $29,000. Keystone Global Partners LLC bought a new stake in shares of Booking during the 1st quarter valued at $32,000. O Brien Wealth Partners LLC bought a new stake in shares of Booking during the 2nd quarter valued at $35,000. Finally, First PREMIER Bank grew its position in shares of Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 3 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Trading Up 1.4%

Shares of NASDAQ BKNG opened at $5,141.88 on Tuesday. The firm’s 50-day moving average price is $5,454.63 and its 200-day moving average price is $5,349.06. The stock has a market capitalization of $166.65 billion, a price-to-earnings ratio of 35.76, a P/E/G ratio of 1.57 and a beta of 1.35. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its 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. The firm had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business’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. On average, equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

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

Insider Buying and Selling

In related news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total value of $79,379.70. Following the sale, the director directly owned 732 shares of the company’s stock, valued at $3,873,729.36. This represents a 2.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 625 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the completion of the sale, the chief executive officer directly owned 22,982 shares in the company, valued at $118,162,642.46. This trade represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,197 shares of company stock valued at $17,260,963 in the last ninety days. 0.16% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Morgan Stanley set a $5,650.00 target price on shares of Booking and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Truist Financial increased their price objective on shares of Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a report on Monday, July 14th. Cantor Fitzgerald reissued a “neutral” rating on shares of Booking in a report on Wednesday, July 30th. Barclays increased their price objective 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. Finally, BTIG Research reissued a “buy” rating and set a $6,250.00 price objective on shares of Booking in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $5,808.81.

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.