Paulo Pisano Sells 200 Shares of Booking (NASDAQ:BKNG) Stock

Booking Holdings Inc. (NASDAQ:BKNG) insider Paulo Pisano sold 200 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the completion of the sale, the insider directly owned 1,514 shares of the company’s stock, valued at $7,570,000. The trade was a 11.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Booking Trading Up 1.9%

Shares of Booking stock opened at $5,050.65 on Wednesday. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The company has a market cap of $162.80 billion, a P/E ratio of 32.83, a PEG ratio of 1.57 and a beta of 1.34. The company’s fifty day simple moving average is $5,289.23 and its two-hundred day simple moving average is $5,414.69.

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

Booking Announces Dividend

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

Hedge Funds Weigh In On Booking

A number of hedge funds have recently bought and sold shares of BKNG. Brighton Jones LLC lifted its stake in shares of Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after buying an additional 65 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Booking during the fourth quarter valued at $209,000. Allworth Financial LP lifted its holdings in shares of Booking by 13.9% during the first quarter. Allworth Financial LP now owns 361 shares of the business services provider’s stock valued at $1,741,000 after purchasing an additional 44 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Booking by 20.6% during the first quarter. Ballentine Partners LLC now owns 486 shares of the business services provider’s stock valued at $2,239,000 after buying an additional 83 shares during the last quarter. Finally, Kathmere Capital Management LLC increased its holdings in Booking by 1.5% in the 1st quarter. Kathmere Capital Management LLC now owns 205 shares of the business services provider’s stock worth $944,000 after buying an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BKNG shares. Susquehanna increased their target price on Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. Citigroup reissued a “market outperform” rating on shares of Booking in a research report on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Booking in a report on Tuesday, October 14th. BMO Capital Markets reiterated an “outperform” rating and issued a $6,000.00 price target (up from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, Robert W. Baird set a $6,325.00 price target on shares of Booking in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.