Inceptionr LLC Has $776,000 Stock Position in Booking Holdings Inc. $BKNG

Inceptionr LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 43.5% during the 2nd quarter, Holdings Channel reports. The fund owned 134 shares of the business services provider’s stock after selling 103 shares during the period. Inceptionr LLC’s holdings in Booking were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Country Trust Bank lifted its holdings in Booking by 1.6% during the 2nd quarter. Country Trust Bank now owns 8,518 shares of the business services provider’s stock worth $49,313,000 after purchasing an additional 136 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in Booking by 10.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 223 shares of the business services provider’s stock worth $1,293,000 after buying an additional 21 shares during the period. Boston Partners increased its position in Booking by 16.4% during the 2nd quarter. Boston Partners now owns 101,035 shares of the business services provider’s stock worth $584,063,000 after buying an additional 14,204 shares during the period. Manchester Capital Management LLC lifted its holdings in shares of Booking by 2.3% during the second quarter. Manchester Capital Management LLC now owns 352 shares of the business services provider’s stock worth $2,038,000 after buying an additional 8 shares in the last quarter. Finally, FourThought Financial Partners LLC boosted its position in shares of Booking by 1.7% in the second quarter. FourThought Financial Partners LLC now owns 119 shares of the business services provider’s stock valued at $689,000 after acquiring an additional 2 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Booking stock opened at $4,911.85 on Thursday. The stock has a fifty day moving average of $5,144.94 and a 200-day moving average of $5,395.09. The stock has a market capitalization of $158.33 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG) last released 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 firm had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business’s revenue for the quarter 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. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on BKNG. Wells Fargo & Company raised their price target on shares of Booking from $5,443.00 to $5,523.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Booking in a report on Monday. DA Davidson lifted their price target on shares of Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft boosted their price target on Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Finally, Robert W. Baird set a $6,325.00 price objective on Booking in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $6,141.52.

Insider Activity at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $5,030.00, for a total value of $75,450.00. Following the completion of the transaction, the director directly owned 717 shares in the company, valued at approximately $3,606,510. This represents a 2.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 400 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $5,007.69, for a total value of $2,003,076.00. Following the sale, the chief executive officer directly owned 21,751 shares in the company, valued at approximately $108,922,265.19. This trade represents a 1.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,452 shares of company stock worth $17,987,397. Corporate insiders own 0.16% of the company’s stock.

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.