Schwarz Dygos Wheeler Investment Advisors LLC Decreases Position in Booking Holdings Inc. $BKNG

Schwarz Dygos Wheeler Investment Advisors LLC trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 68.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70 shares of the business services provider’s stock after selling 149 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Booking were worth $405,000 at the end of the most recent quarter.

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

Booking Stock Performance

NASDAQ:BKNG opened at $5,075.61 on Friday. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The stock has a fifty day moving average price of $5,270.88 and a two-hundred day moving average price of $5,410.67. The stock has a market capitalization of $163.61 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG) last issued 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 company had revenue of $9.01 billion for 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 business’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently announced 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 is Friday, December 5th. Booking’s dividend payout ratio is presently 24.96%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BKNG. Evercore ISI upped their target price on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $5,433.00 price objective on shares of Booking in a research note on Thursday, October 30th. Mizuho set a $6,000.00 price objective on Booking in a research report on Wednesday, October 29th. Robert W. Baird set a $6,325.00 target price on Booking in a report on Wednesday, October 29th. Finally, Gordon Haskett cut their price target on Booking from $5,680.00 to $5,620.00 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $6,121.23.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 200 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 1,514 shares in the company, valued at $7,570,000. This represents a 11.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the transaction, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at $130,237,930.44. The trade was a 4.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,424 shares of company stock valued at $12,912,874 in the last 90 days. 0.16% of the stock is owned by corporate insiders.

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.