Global Retirement Partners LLC Buys New Shares in Booking Holdings Inc. $BKNG

Global Retirement Partners LLC acquired a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 739 shares of the business services provider’s stock, valued at approximately $4,279,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Waterloo Capital L.P. raised its stake in Booking by 32.4% during the second quarter. Waterloo Capital L.P. now owns 139 shares of the business services provider’s stock valued at $806,000 after buying an additional 34 shares in the last quarter. Prudential Financial Inc. raised its position in Booking by 2.2% in the second quarter. Prudential Financial Inc. now owns 51,376 shares of the business services provider’s stock worth $297,428,000 after acquiring an additional 1,083 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Booking by 15.0% in the 2nd quarter. Coldstream Capital Management Inc. now owns 812 shares of the business services provider’s stock worth $4,704,000 after purchasing an additional 106 shares in the last quarter. Vestor Capital LLC lifted its position in shares of Booking by 658,925.0% during the 2nd quarter. Vestor Capital LLC now owns 105,444 shares of the business services provider’s stock valued at $610,441,000 after acquiring an additional 105,428 shares during the last quarter. Finally, Cynosure Group LLC boosted its position in shares of Booking by 20.8% in the 2nd quarter. Cynosure Group LLC now owns 93 shares of the business services provider’s stock valued at $538,000 after purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert J. Mylod, Jr. sold 40 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the sale, the director owned 960 shares in the company, valued at $4,800,000. This represents a 4.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction that occurred on 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 directly owned 131 shares in the company, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,452 shares of company stock valued at $17,987,397. Insiders own 0.16% of the company’s stock.

Booking Stock Performance

Booking stock opened at $4,875.37 on Tuesday. The stock has a 50-day simple moving average of $5,169.16 and a 200 day simple moving average of $5,399.76. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The stock has a market capitalization of $157.15 billion, a P/E ratio of 31.69, a PEG ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG) last announced its earnings results 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 company 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%. Booking’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $83.39 earnings per share. 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BKNG shares. BMO Capital Markets reiterated an “outperform” rating and set a $6,000.00 price objective (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. BTIG Research reissued a “buy” rating and issued a $6,250.00 price target on shares of Booking in a report on Monday. Cantor Fitzgerald cut their price target on shares of Booking from $5,590.00 to $5,550.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Barclays upped their price target on shares of Booking from $6,000.00 to $6,250.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Bank of America upgraded Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 price objective for the company in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6,141.52.

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.