Booking Holdings Inc. $BKNG Holdings Lifted by Atria Investments Inc

Atria Investments Inc increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 12.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,291 shares of the business services provider’s stock after purchasing an additional 259 shares during the quarter. Atria Investments Inc’s holdings in Booking were worth $13,262,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Atwood & Palmer Inc. purchased a new position in shares of Booking during the second quarter valued at $29,000. Wealth Preservation Advisors LLC purchased a new position in shares of Booking during the first quarter valued at $28,000. O Brien Wealth Partners LLC purchased a new position in shares of Booking during the second quarter valued at $35,000. First PREMIER Bank grew its holdings in shares of Booking by 100.0% during 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 in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC boosted its position in Booking by 100.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the completion of the sale, the director owned 732 shares in the company, valued at $3,873,729.36. This represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Larry Quinlan sold 64 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the sale, the director owned 131 shares of the company’s stock, valued at approximately $722,045.80. The trade was a 32.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,197 shares of company stock worth $17,260,963 in the last 90 days. 0.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Citigroup reaffirmed a “market outperform” rating on shares of Booking in a research report on Wednesday. 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 report on Wednesday, July 30th. BTIG Research reaffirmed a “buy” rating and issued a $6,250.00 target price on shares of Booking in a research report on Wednesday. Rothschild & Co Redburn upped their target price on Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, DA Davidson upped their target price on Booking from $6,500.00 to $6,600.00 and gave the stock a “buy” rating in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $6,117.90.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $5,080.21 on Friday. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The business has a 50-day moving average of $5,394.07 and a two-hundred day moving average of $5,384.14. The stock has a market capitalization of $164.65 billion, a P/E ratio of 33.02, a P/E/G ratio of 1.57 and a beta of 1.35.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The company had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter in the previous year, the firm earned $83.39 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid a $9.60 dividend. The ex-dividend date is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. Booking’s payout ratio is presently 24.96%.

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.