Crossmark Global Holdings Inc. Has $38.03 Million Holdings in Booking Holdings Inc. $BKNG

Crossmark Global Holdings Inc. decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,569 shares of the business services provider’s stock after selling 249 shares during the period. Booking comprises approximately 0.6% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 25th biggest holding. Crossmark Global Holdings Inc.’s holdings in Booking were worth $38,030,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atwood & Palmer Inc. bought a new stake in Booking in the 2nd quarter valued at $29,000. Westside Investment Management Inc. increased its holdings in shares of Booking by 400.0% in the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of Booking in the first quarter valued at about $28,000. O Brien Wealth Partners LLC acquired a new stake in shares of Booking during the 2nd quarter worth about $35,000. Finally, First PREMIER Bank boosted its holdings in shares of Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after buying an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BKNG. Rothschild & Co Redburn increased their price target on shares of Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Piper Sandler reaffirmed a “neutral” rating and issued a $5,750.00 target price (up previously from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Wedbush upgraded Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 target price on the stock in a research note on Thursday. B. Riley boosted their price target on Booking from $6,700.00 to $6,800.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Booking in a report on Wednesday, October 29th. Three equities 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6,121.23.

Insiders Place Their Bets

In other news, Director Larry Quinlan sold 64 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the completion of the transaction, the director owned 131 shares of the company’s stock, valued at approximately $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction that occurred on 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 sale, the director owned 732 shares in the company, valued at approximately $3,873,729.36. The trade was a 2.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,424 shares of company stock valued at $12,912,874 over the last ninety days. 0.16% of the stock is owned by insiders.

Booking Trading Down 0.5%

Shares of Booking stock opened at $5,048.01 on Friday. The company has a market cap of $162.72 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. The company has a 50 day moving average of $5,261.72 and a 200-day moving average of $5,415.29. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating the consensus estimate 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 business earned $83.39 earnings per share. The company’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. Research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s dividend payout ratio is currently 24.96%.

About Booking

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.