Sienna Gestion Acquires 351 Shares of Booking Holdings Inc. $BKNG

Sienna Gestion grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,700 shares of the business services provider’s stock after buying an additional 351 shares during the quarter. Booking accounts for about 1.3% of Sienna Gestion’s investment portfolio, making the stock its 11th biggest position. Sienna Gestion’s holdings in Booking were worth $19,556,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Atwood & Palmer Inc. bought a new position in Booking in the 2nd quarter valued at $29,000. Westside Investment Management Inc. grew its holdings in shares of Booking by 400.0% in the second 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. Wealth Preservation Advisors LLC bought a new position in shares of Booking in the first quarter worth about $28,000. O Brien Wealth Partners LLC bought a new position in shares of Booking in the second quarter worth about $35,000. Finally, First PREMIER Bank grew its holdings in shares of Booking by 100.0% in the second 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. Institutional investors own 92.42% of the company’s stock.

Booking Trading Down 1.6%

Shares of NASDAQ BKNG opened at $4,911.15 on Thursday. The stock has a market capitalization of $158.31 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. The stock’s fifty day simple moving average is $5,339.38 and its two-hundred day simple moving average is $5,401.89. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The company had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter last year, the company earned $83.39 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Analyst Ratings Changes

BKNG has been the topic of a number of research analyst reports. Benchmark upped their target price on shares of Booking from $6,200.00 to $6,400.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft increased their price objective on Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. BTIG Research reissued a “buy” rating and issued a $6,250.00 price objective on shares of Booking in a research note on Wednesday, October 29th. Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Finally, B. Riley increased their price target on Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $6,121.23.

Insider Buying and Selling at Booking

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 732 shares in the company, valued at $3,873,729.36. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 625 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the completion of the sale, the chief executive officer owned 22,982 shares of the company’s stock, valued at approximately $118,162,642.46. This trade represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,197 shares of company stock worth $17,260,963 over the last three months. 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.