Drive Wealth Management LLC Has $848,000 Holdings in Booking Holdings Inc. $BKNG

Drive Wealth Management LLC grew its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 15.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 146 shares of the business services provider’s stock after buying an additional 20 shares during the quarter. Drive Wealth Management LLC’s holdings in Booking were worth $848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BKNG. Brighton Jones LLC boosted its holdings in shares of Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after buying an additional 65 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Booking in the fourth quarter valued at approximately $209,000. GAMMA Investing LLC boosted its holdings in shares of Booking by 13.2% in the first quarter. GAMMA Investing LLC now owns 513 shares of the business services provider’s stock valued at $2,363,000 after buying an additional 60 shares during the period. Blue Trust Inc. boosted its holdings in shares of Booking by 11.5% in the first quarter. Blue Trust Inc. now owns 97 shares of the business services provider’s stock valued at $447,000 after buying an additional 10 shares during the period. Finally, Advisor Resource Council acquired a new position in shares of Booking in the first quarter valued at approximately $253,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of Booking stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the transaction, the director directly owned 131 shares of the company’s stock, valued at $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the completion of the transaction, the director owned 732 shares in the company, valued at approximately $3,873,729.36. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,197 shares of company stock valued at $17,260,963 in the last quarter. 0.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BKNG has been the subject of several research analyst reports. Wedbush reiterated a “neutral” rating and issued a $5,900.00 price target on shares of Booking in a report on Wednesday, July 30th. Benchmark reissued a “buy” rating and issued a $6,200.00 price objective (up previously from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. UBS Group boosted their price objective on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Susquehanna boosted their price objective on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. Finally, Bank of America boosted their price objective on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Three investment 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5,808.81.

Booking Price Performance

Shares of BKNG opened at $5,070.02 on Monday. The company has a market cap of $164.32 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. The firm has a 50-day moving average of $5,459.08 and a 200-day moving average of $5,343.06. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping analysts’ consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.Booking’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, September 5th. Booking’s dividend payout ratio is 26.71%.

Booking 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.