OneAscent Wealth Management LLC Sells 18 Shares of Booking Holdings Inc. $BKNG

OneAscent Wealth Management LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 23.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60 shares of the business services provider’s stock after selling 18 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Booking were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BKNG. Y Intercept Hong Kong Ltd raised its stake in Booking by 15.6% during the second quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock worth $2,958,000 after acquiring an additional 69 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of Booking by 18.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after purchasing an additional 11,829 shares in the last quarter. Covey Capital Advisors LLC increased its position in shares of Booking by 1.0% during the 2nd quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock worth $6,467,000 after purchasing an additional 11 shares in the last quarter. Atria Investments Inc lifted its holdings in Booking by 12.7% during the 2nd quarter. Atria Investments Inc now owns 2,291 shares of the business services provider’s stock valued at $13,262,000 after purchasing an additional 259 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Booking by 20.0% in the second quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock valued at $6,090,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity at Booking

In related news, Director Larry Quinlan sold 64 shares of Booking 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 transaction of $352,755.20. Following the transaction, the director owned 131 shares of the company’s stock, valued at $722,045.80. This trade represents a 32.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the sale, the chief executive officer directly owned 22,982 shares of the company’s stock, valued at $118,162,642.46. The trade was a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,197 shares of company stock worth $17,260,963 in the last ninety days. Company insiders own 0.16% of the company’s stock.

Booking Stock Performance

Shares of BKNG stock opened at $4,899.05 on Friday. The firm’s 50 day moving average price is $5,324.32 and its two-hundred day moving average price is $5,398.40. 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 cap of $157.92 billion, a PE ratio of 31.84, a PEG ratio of 1.57 and a beta of 1.34.

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

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s dividend payout ratio (DPR) is currently 24.96%.

Analysts Set New Price Targets

BKNG has been the subject of several recent analyst reports. Royal Bank Of Canada raised their price objective on shares of Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Rothschild & Co Redburn raised their price target on Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Bank of America boosted their price objective on Booking from $5,820.00 to $5,850.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Mizuho set a $6,000.00 price objective on shares of Booking in a report on Wednesday, October 29th. Finally, BTIG Research reiterated a “buy” rating and set a $6,250.00 target price on shares of Booking in a research report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6,121.23.

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.