Reliant Investment Management LLC Makes New $5.44 Million Investment in Booking Holdings Inc. $BKNG

Reliant Investment Management LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 939 shares of the business services provider’s stock, valued at approximately $5,436,000. Booking makes up about 2.4% of Reliant Investment Management LLC’s investment portfolio, making the stock its 24th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Atwood & Palmer Inc. purchased a new position in shares of Booking during the 2nd quarter valued at approximately $29,000. Wealth Preservation Advisors LLC acquired a new stake in Booking in the 1st quarter valued at $28,000. O Brien Wealth Partners LLC acquired a new stake in Booking in the 2nd quarter valued at $35,000. First PREMIER Bank grew its stake in Booking by 100.0% in 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. Finally, Keystone Global Partners LLC acquired a new stake in Booking in the 1st quarter valued at $32,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $5,230.59 on Thursday. The firm has a market capitalization of $169.52 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 1.64 and a beta of 1.35. The firm’s 50-day moving average is $5,446.77 and its two-hundred day moving average is $5,347.81. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $50.32 by $5.08. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates 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 for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

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

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 625 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the sale, the chief executive officer directly owned 22,982 shares in the company, valued at approximately $118,162,642.46. This represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,197 shares of company stock worth $17,260,963. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research analyst reports. Mizuho initiated coverage on shares of Booking in a research note on Monday, September 29th. They issued a “neutral” rating and a $5,975.00 price target on the stock. Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Barclays lifted their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, DA Davidson lifted their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $5,994.00.

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.