Booking Holdings Inc. $BKNG Shares Sold by Mill Capital Management LLC

Mill Capital Management LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 0.0% during the second quarter, Holdings Channel.com reports. The fund owned 5,655 shares of the business services provider’s stock after selling 2 shares during the quarter. Booking accounts for 2.6% of Mill Capital Management LLC’s holdings, making the stock its 11th largest holding. Mill Capital Management LLC’s holdings in Booking were worth $32,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKNG. Wealth Preservation Advisors LLC acquired a new position in Booking in the first quarter valued at $28,000. Atwood & Palmer Inc. acquired a new position in Booking in the second quarter valued at $29,000. Keystone Global Partners LLC acquired a new position in Booking in the first quarter valued at $32,000. O Brien Wealth Partners LLC acquired a new position in Booking in the second quarter valued at $35,000. Finally, First PREMIER Bank boosted its holdings in Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 3 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BKNG. Morgan Stanley set a $6,150.00 price objective on Booking in a research report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Booking in a research report on Tuesday, October 14th. Truist Financial set a $5,810.00 price objective on Booking in a research report on Wednesday. Evercore ISI raised their price objective on Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Piper Sandler reissued a “neutral” rating and issued a $5,750.00 price objective (up from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $6,121.23.

Insider Activity

In other news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was 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 directly owned 732 shares of the company’s stock, valued at approximately $3,873,729.36. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were 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 directly owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,197 shares of company stock valued at $17,260,963. 0.16% of the stock is currently owned by insiders.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $5,077.74 on Friday. The firm has a market cap of $164.57 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 1.57 and a beta of 1.35. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The stock’s 50-day simple moving average is $5,381.21 and its 200-day simple moving average is $5,387.76.

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

Booking Dividend Announcement

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

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.