Penserra Capital Management LLC Boosts Position in Booking Holdings Inc. $BKNG

Penserra Capital Management LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 8.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,076 shares of the business services provider’s stock after purchasing an additional 80 shares during the period. Penserra Capital Management LLC’s holdings in Booking were worth $6,227,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BKNG. WNY Asset Management LLC boosted its holdings in shares of Booking by 3.7% in the first quarter. WNY Asset Management LLC now owns 56 shares of the business services provider’s stock worth $258,000 after buying an additional 2 shares during the last quarter. Gries Financial LLC increased its holdings in Booking by 1.6% during the first quarter. Gries Financial LLC now owns 125 shares of the business services provider’s stock valued at $576,000 after buying an additional 2 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its position in Booking by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock worth $1,854,000 after acquiring an additional 2 shares during the period. Nicolet Advisory Services LLC boosted its stake in shares of Booking by 0.8% during the 1st quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider’s stock worth $1,070,000 after acquiring an additional 2 shares during the last quarter. Finally, MGB Wealth Management LLC grew its position in shares of Booking by 3.6% during the 1st quarter. MGB Wealth Management LLC now owns 57 shares of the business services provider’s stock valued at $263,000 after acquiring an additional 2 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on BKNG. Cantor Fitzgerald decreased their target price on Booking from $5,590.00 to $5,550.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Piper Sandler reaffirmed a “neutral” rating and issued a $5,750.00 price objective (up previously from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Mizuho set a $6,000.00 price objective on 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. Finally, DA Davidson raised their target price on shares of Booking from $6,500.00 to $6,600.00 and gave the stock a “buy” rating in a research note 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 given a Hold rating to the company’s stock. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $6,121.23.

Booking Trading Up 0.8%

NASDAQ BKNG opened at $4,940.00 on Monday. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The stock has a market cap of $159.24 billion, a PE ratio of 32.11, a P/E/G ratio of 1.57 and a beta of 1.34. The stock’s 50 day moving average is $5,311.14 and its 200 day moving average is $5,412.28.

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

Booking Dividend Announcement

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

Insiders Place Their Bets

In other Booking 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 transaction of $79,379.70. Following the completion of the transaction, the director 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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 625 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the transaction, the chief executive officer owned 22,982 shares of the company’s stock, valued at approximately $118,162,642.46. The trade was a 2.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have 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 currently owned by corporate insiders.

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.