Pinnacle Wealth Planning Services Inc. Increases Stake in Booking Holdings Inc. $BKNG

Pinnacle Wealth Planning Services Inc. increased its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 23.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 169 shares of the business services provider’s stock after purchasing an additional 32 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Booking were worth $978,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Booking by 1,411.9% in the first quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider’s stock worth $516,900,000 after buying an additional 104,780 shares during the last quarter. Symphony Financial Ltd. Co. acquired a new position in shares of Booking in the 2nd quarter valued at $536,675,000. AQR Capital Management LLC raised its stake in Booking by 79.4% in the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock worth $695,259,000 after acquiring an additional 68,243 shares during the last quarter. TD Asset Management Inc lifted its position in Booking by 182.2% during the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider’s stock worth $482,081,000 after acquiring an additional 67,562 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Booking by 27.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider’s stock worth $836,223,000 after acquiring an additional 39,523 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In other Booking news, Director Robert J. Mylod, Jr. sold 40 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the transaction, the director directly owned 960 shares of the company’s stock, valued at $4,800,000. This trade represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paulo Pisano sold 200 shares of Booking stock in a transaction dated 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 completion of the sale, the insider owned 1,514 shares in the company, valued at approximately $7,570,000. This trade represents a 11.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,424 shares of company stock valued at $12,912,874 in the last three months. Company insiders own 0.16% of the company’s stock.

Booking Stock Down 4.8%

NASDAQ:BKNG opened at $4,804.01 on Tuesday. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The stock has a market capitalization of $154.85 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. The stock’s 50-day moving average price is $5,246.41 and its 200-day moving average price is $5,415.42.

Booking (NASDAQ:BKNG) last released its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter in the prior year, the firm posted $83.39 EPS. Booking’s quarterly revenue 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. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s payout ratio is presently 24.96%.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research reports. BTIG Research reissued a “buy” rating and issued a $6,250.00 price objective on shares of Booking in a report on Wednesday, October 29th. The Goldman Sachs Group upped their target price on Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada increased their price target on shares of Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Sanford C. Bernstein restated a “market perform” rating and set a $5,433.00 price objective on shares of Booking in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Booking in a report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6,139.21.

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.