Cwm LLC Raises Holdings in Booking Holdings Inc. $BKNG

Cwm LLC grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,469 shares of the business services provider’s stock after purchasing an additional 186 shares during the period. Cwm LLC’s holdings in Booking were worth $20,082,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Kingswood Wealth Advisors LLC increased its stake in Booking by 27.3% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider’s stock worth $844,000 after buying an additional 39 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Booking by 18.6% in the second quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after acquiring an additional 11,829 shares during the last quarter. Overbrook Management Corp increased its position in shares of Booking by 49.5% during the second quarter. Overbrook Management Corp now owns 3,314 shares of the business services provider’s stock worth $19,186,000 after purchasing an additional 1,098 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Booking in the 1st quarter valued at $203,000. Finally, United Services Automobile Association purchased a new position in Booking in the 1st quarter valued at $3,592,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Monday, September 15th. The stock was 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 hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total value of $82,500.00. Following the completion of the sale, the director owned 747 shares in the company, valued at approximately $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,195 shares of company stock valued at $23,467,630. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

BKNG has been the subject of a number of recent research reports. Susquehanna increased their target price on shares of Booking from $6,000.00 to $6,500.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Evercore ISI increased their price objective on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. DA Davidson raised their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. B. Riley restated a “buy” rating and issued a $6,700.00 price target (up from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Citigroup lifted their price objective on Booking from $5,560.00 to $6,500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $5,808.81.

Booking Trading Down 0.5%

BKNG opened at $5,164.93 on Monday. The firm has a market cap of $167.40 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 1.60 and a beta of 1.35. The stock’s 50-day moving average price is $5,492.50 and its 200 day moving average price is $5,325.09. 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 results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $50.32 by $5.08. The business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 5th. Booking’s payout ratio is 26.71%.

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.