Earned Wealth Advisors LLC Increases Holdings in Booking Holdings Inc. $BKNG

Earned Wealth Advisors LLC raised its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120 shares of the business services provider’s stock after acquiring an additional 6 shares during the period. Earned Wealth Advisors LLC’s holdings in Booking were worth $697,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BKNG. Royal Bank Of Canada boosted their target price on Booking from $5,900.00 to $6,100.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. KeyCorp boosted their price objective on Booking from $6,450.00 to $6,630.00 and gave the company an “overweight” rating in a research report on Wednesday. BTIG Research reissued a “buy” rating and set a $6,250.00 price objective on shares of Booking in a research note on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $6,000.00 target price (up from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, Citigroup reiterated a “market outperform” rating on shares of Booking in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $6,117.90.

Booking Stock Up 0.1%

Shares of BKNG stock opened at $5,080.21 on Friday. The business’s fifty day moving average is $5,394.07 and its 200 day moving average is $5,384.14. The stock has a market cap of $164.65 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 1.57 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 released its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. The firm had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid 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%.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was 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 owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This trade represents a 4.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total value of $79,379.70. Following the transaction, the director owned 732 shares of the company’s stock, valued at $3,873,729.36. The trade was a 2.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,197 shares of company stock worth $17,260,963. Insiders own 0.16% of the company’s stock.

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.