Booking Holdings Inc. $BKNG Shares Purchased by Westover Capital Advisors LLC

Westover Capital Advisors LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 71.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 331 shares of the business services provider’s stock after buying an additional 138 shares during the quarter. Westover Capital Advisors LLC’s holdings in Booking were worth $1,916,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of BKNG. Vanguard Group Inc. lifted its position in shares of Booking by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock valued at $13,620,154,000 after acquiring an additional 30,054 shares in the last quarter. Geode Capital Management LLC raised its stake in Booking by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider’s stock valued at $4,936,132,000 after purchasing an additional 9,333 shares during the last quarter. Northern Trust Corp raised its stake in Booking by 0.5% in the 1st quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock valued at $1,706,063,000 after purchasing an additional 1,699 shares during the last quarter. Deutsche Bank AG lifted its holdings in Booking by 6.6% in the 1st quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock valued at $1,365,170,000 after purchasing an additional 18,268 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Booking by 9.5% during the 2nd quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock worth $1,297,331,000 after purchasing an additional 19,578 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BKNG. DA Davidson upped their price objective on shares of Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Piper Sandler restated a “neutral” rating and set a $5,750.00 price objective (up previously from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price target on Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Morgan Stanley set a $6,150.00 price objective on shares of Booking in a report on Wednesday, October 29th. Finally, Gordon Haskett decreased their price target on shares of Booking from $5,680.00 to $5,620.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6,139.21.

Insider Activity at Booking

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the 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 value of $79,379.70. Following the completion of the sale, the director owned 732 shares of the company’s stock, valued at $3,873,729.36. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry Quinlan sold 64 shares of Booking stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the sale, the director owned 195 shares in the company, valued at $1,089,486.45. This represents a 24.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,424 shares of company stock valued at $12,912,874 over the last 90 days. Corporate insiders own 0.16% of the company’s stock.

Booking Stock Performance

NASDAQ BKNG opened at $4,804.01 on Tuesday. The firm has a market capitalization of $154.85 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41. The company’s 50 day moving average price is $5,246.41 and its 200 day moving average price is $5,415.42.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $95.56 by $3.94. The company 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 business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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