Cornerstone Wealth Group LLC Boosts Stock Holdings in Booking Holdings Inc. $BKNG

Cornerstone Wealth Group LLC grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 24.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 61 shares of the business services provider’s stock after buying an additional 12 shares during the period. Cornerstone Wealth Group LLC’s holdings in Booking were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Wealth Preservation Advisors LLC purchased a new position in shares of Booking during the 1st quarter valued at approximately $28,000. Atwood & Palmer Inc. purchased a new stake in Booking in the 2nd quarter worth $29,000. Keystone Global Partners LLC purchased a new stake in Booking in the 1st quarter worth $32,000. O Brien Wealth Partners LLC purchased a new stake in Booking in the 2nd quarter worth $35,000. Finally, First PREMIER Bank boosted its stake in Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after purchasing an additional 3 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the transaction, the chief executive officer owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director directly owned 747 shares in the company, valued at $4,108,500. The trade was a 1.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,169 shares of company stock valued at $11,929,560 over the last 90 days. 0.16% of the stock is owned by insiders.

Booking Trading Up 0.5%

Shares of BKNG stock opened at $5,280.14 on Wednesday. The company’s 50-day moving average price is $5,484.50 and its 200-day moving average price is $5,329.08. The stock has a market cap of $171.13 billion, a price-to-earnings ratio of 36.72, a PEG ratio of 1.63 and a beta of 1.35. 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 announced its quarterly 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 firm had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.54 billion. During the same quarter in the previous year, the company posted $41.90 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $9.60 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. Booking’s dividend payout ratio is presently 26.71%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Truist Financial lifted their target price on shares of Booking from $4,720.00 to $5,630.00 and gave the stock a “hold” rating in a research note on Monday, July 14th. Morgan Stanley set a $5,650.00 target price on shares of Booking and gave the stock an “equal weight” rating in a research note on Wednesday, July 30th. Evercore ISI lifted their target price on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Mizuho assumed coverage on shares of Booking in a research note on Monday, September 29th. They set a “neutral” rating and a $5,975.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average price target of $5,808.81.

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.