Booking Holdings Inc. $BKNG Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 13.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,578 shares of the business services provider’s stock after selling 867 shares during the period. iA Global Asset Management Inc.’s holdings in Booking were worth $32,292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new position in Booking in the 2nd quarter valued at about $29,000. Wealth Preservation Advisors LLC purchased a new position in Booking in the 1st quarter valued at about $28,000. O Brien Wealth Partners LLC purchased a new position in Booking in the 2nd quarter valued at about $35,000. First PREMIER Bank boosted its position in Booking by 100.0% in the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after buying an additional 3 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC boosted its position in Booking by 100.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 6 shares of the business services provider’s stock valued at $35,000 after buying an additional 3 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 transaction of $79,379.70. Following the completion of the sale, the director directly owned 732 shares in the company, valued at approximately $3,873,729.36. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 stock was sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the sale, the chief executive officer owned 22,982 shares of the company’s stock, valued at $118,162,642.46. The trade was a 2.65% 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 worth $17,260,963. Corporate insiders own 0.16% of the company’s stock.

Booking Trading Down 0.0%

NASDAQ BKNG opened at $5,077.74 on Friday. 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 cap of $164.57 billion, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. The company has a 50-day moving average price of $5,381.21 and a two-hundred day moving average price of $5,393.18.

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

Booking Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BKNG shares. Evercore ISI upped their target price on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Hsbc Global Res upgraded shares of Booking to a “strong-buy” rating in a research note on Thursday, July 17th. Barclays upped their target price on shares of Booking from $6,000.00 to $6,250.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley set a $6,150.00 target price on shares of Booking in a research note on Wednesday. Finally, BTIG Research restated a “buy” rating and issued a $6,250.00 target price on shares of Booking in a research note on Wednesday. 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6,121.23.

Booking Company 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.