KCM Investment Advisors LLC Has $2.51 Million Position in Booking Holdings Inc. $BKNG

KCM Investment Advisors LLC raised its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.4% in the second quarter, Holdings Channel reports. The fund owned 434 shares of the business services provider’s stock after acquiring an additional 26 shares during the period. KCM Investment Advisors LLC’s holdings in Booking were worth $2,513,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BKNG. Wealth Preservation Advisors LLC acquired a new position in Booking in the first quarter valued at about $28,000. Atwood & Palmer Inc. bought a new position in shares of Booking in the second quarter valued at approximately $29,000. Westside Investment Management Inc. boosted its holdings in shares of Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after acquiring an additional 4 shares in the last quarter. Keystone Global Partners LLC bought a new stake in Booking during the 1st quarter worth approximately $32,000. Finally, O Brien Wealth Partners LLC bought a new stake in Booking during the 2nd quarter worth approximately $35,000. Institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BKNG shares. Evercore ISI boosted their price objective on Booking from $5,500.00 to $6,250.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Citigroup reiterated a “market outperform” rating on shares of Booking in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Booking in a report on Tuesday, October 14th. Bank of America boosted their target price on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Benchmark increased their price target on shares of Booking from $6,200.00 to $6,400.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average target price of $6,121.23.

Booking Trading Up 0.8%

Booking stock opened at $4,940.00 on Friday. The company has a market cap of $159.24 billion, a PE ratio of 32.11, a PEG ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The company’s 50-day moving average is $5,311.14 and its two-hundred day moving average is $5,407.51.

Booking (NASDAQ:BKNG) last posted 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 net margin of 19.37% and a negative return on equity of 134.86%. The business had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. During the same period in the previous year, the firm posted $83.39 earnings per share. Booking’s revenue for the quarter 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. Research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently declared 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 of this dividend is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. Booking’s dividend payout ratio is 24.96%.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 625 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the completion of the sale, the chief executive officer 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 document filed with the SEC, which can be accessed through this link. Also, 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 completion of the transaction, the director directly owned 732 shares in the company, valued at $3,873,729.36. The trade was a 2.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,197 shares of company stock valued at $17,260,963 over the last three months. Company 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.