56 Shares in Booking Holdings Inc. $BKNG Purchased by Corton Capital Inc.

Corton Capital Inc. purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 56 shares of the business services provider’s stock, valued at approximately $324,000.

A number of other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position 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 valued at $516,900,000 after purchasing an additional 104,780 shares in the last quarter. AQR Capital Management LLC increased its holdings in Booking by 79.4% during the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock worth $695,259,000 after purchasing an additional 68,243 shares during the period. TD Asset Management Inc increased its holdings 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 purchasing an additional 67,562 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Booking by 19.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider’s stock valued at $983,707,000 after purchasing an additional 35,171 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the transaction, the director owned 131 shares in the company, valued at approximately $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 23,607 shares in the company, valued at approximately $130,237,930.44. This trade represents a 4.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,197 shares of company stock worth $17,260,963. 0.16% of the stock is currently owned by corporate insiders.

Booking Price Performance

Shares of NASDAQ BKNG opened at $5,077.74 on Monday. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The business has a 50-day moving average of $5,381.21 and a 200-day moving average of $5,399.18. The company has a market capitalization of $163.68 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 1.57 and a beta of 1.35.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $8.71 billion. During the same quarter in the prior year, the business earned $83.39 earnings per share. The company’s 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. Research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

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

Wall Street Analyst Weigh In

BKNG has been the subject of a number of recent research reports. Truist Financial set a $5,810.00 price objective on Booking in a research report on Wednesday. UBS Group set a $6,806.00 price objective on Booking and gave the company a “buy” rating in a research note on Wednesday. The Goldman Sachs Group boosted their price target on Booking from $5,640.00 to $6,050.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Wedbush set a $6,000.00 price target on Booking and gave the stock a “neutral” rating in a report on Wednesday. Finally, KeyCorp lifted their price objective on Booking from $6,450.00 to $6,630.00 and gave the company an “overweight” rating in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.