Mackenzie Financial Corp Has $110.86 Million Stock Holdings in Booking Holdings Inc. $BKNG

Mackenzie Financial Corp raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 19,149 shares of the business services provider’s stock after buying an additional 586 shares during the period. Mackenzie Financial Corp owned about 0.06% of Booking worth $110,858,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKNG. Wealth Preservation Advisors LLC acquired a new position in shares of Booking during the first quarter valued at $28,000. Atwood & Palmer Inc. bought a new stake in Booking during the 2nd quarter worth about $29,000. Westside Investment Management Inc. raised its holdings in Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4 shares during the last quarter. Keystone Global Partners LLC acquired a new position in Booking during the 1st quarter valued at about $32,000. Finally, O Brien Wealth Partners LLC bought a new position in shares of Booking in the 2nd quarter valued at about $35,000. Institutional investors own 92.42% of the company’s stock.

Booking Stock Up 0.0%

Shares of NASDAQ BKNG opened at $4,912.08 on Friday. The company’s fifty day moving average is $5,123.68 and its 200-day moving average is $5,390.66. The stock has a market cap of $158.34 billion, a price-to-earnings ratio of 31.93, a P/E/G ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The business 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%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. Booking’s dividend payout ratio (DPR) is currently 24.96%.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 200 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the sale, the insider directly owned 1,514 shares in the company, valued at approximately $7,570,000. This trade represents a 11.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 transaction of $5,588,639.96. Following the completion of the transaction, the chief executive officer directly owned 23,607 shares in the company, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,452 shares of company stock worth $17,987,397. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BKNG shares. Mizuho set a $6,000.00 price target on shares of Booking in a research note on Wednesday, October 29th. Citigroup reaffirmed a “market outperform” rating on shares of Booking in a report on Wednesday, October 29th. Sanford C. Bernstein reiterated a “market perform” rating and set a $5,433.00 target price on shares of Booking in a research report on Thursday, October 30th. Wells Fargo & Company increased their price target on Booking from $5,443.00 to $5,523.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Benchmark lifted their price objective on Booking from $6,200.00 to $6,400.00 and gave the stock a “buy” rating 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.