Booking Holdings Inc. $BKNG Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 15.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 592 shares of the business services provider’s stock after buying an additional 79 shares during the period. GAMMA Investing LLC’s holdings in Booking were worth $3,427,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wealth Preservation Advisors LLC purchased a new stake in Booking during the first quarter worth $28,000. Atwood & Palmer Inc. acquired a new position in shares of Booking during the 2nd quarter worth $29,000. Keystone Global Partners LLC purchased a new stake in shares of Booking in the 1st quarter worth about $32,000. O Brien Wealth Partners LLC purchased a new stake in shares of Booking in the 2nd quarter worth about $35,000. Finally, First PREMIER Bank grew its stake in Booking by 100.0% in the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 3 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the sale, the director owned 747 shares in the company, valued at $4,108,500. This trade represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the transaction, the director owned 131 shares of the company’s stock, valued at $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,195 shares of company stock worth $23,467,630. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Truist Financial upped their price target on shares of Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a report on Monday, July 14th. Benchmark restated a “buy” rating and set a $6,200.00 price objective (up from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. B. Riley reiterated a “buy” rating and set a $6,700.00 target price (up previously from $6,100.00) on shares of Booking in a report on Wednesday, July 30th. Barclays raised their price target on Booking from $5,700.00 to $6,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $6,000.00 price objective (up from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5,808.81.

Booking Stock Up 0.0%

BKNG opened at $5,444.44 on Monday. Booking Holdings Inc. has a 52-week low of $3,985.57 and a 52-week high of $5,839.41. The company has a 50 day moving average of $5,570.86 and a two-hundred day moving average of $5,238.82. The company has a market cap of $176.45 billion, a P/E ratio of 37.86, a P/E/G ratio of 1.57 and a beta of 1.39.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter in the previous year, the business posted $41.90 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $9.60 dividend. The ex-dividend date is Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s dividend payout ratio (DPR) is 26.71%.

Booking Company Profile

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.