Booking Holdings Inc. $BKNG Shares Bought by Genus Capital Management Inc.

Genus Capital Management Inc. grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 24.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,780 shares of the business services provider’s stock after acquiring an additional 349 shares during the quarter. Booking comprises about 1.3% of Genus Capital Management Inc.’s investment portfolio, making the stock its 18th largest holding. Genus Capital Management Inc.’s holdings in Booking were worth $10,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Atwood & Palmer Inc. acquired a new position in shares of Booking during the second quarter valued at $29,000. Westside Investment Management Inc. boosted its holdings in shares of Booking by 400.0% during the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 4 shares during the period. Wealth Preservation Advisors LLC acquired a new position in Booking during the 1st quarter worth $28,000. O Brien Wealth Partners LLC acquired a new position in Booking during the 2nd quarter worth $35,000. Finally, First PREMIER Bank boosted its position in Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after acquiring an additional 3 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 625 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were 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 directly owned 22,982 shares of the company’s stock, valued at $118,162,642.46. This represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 corporate insiders.

Booking Trading Down 0.8%

Shares of NASDAQ BKNG opened at $4,991.76 on Wednesday. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The company has a market capitalization of $160.90 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 1.57 and a beta of 1.35. The firm has a 50-day moving average of $5,353.47 and a two-hundred day moving average of $5,405.35.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The company had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. Booking’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company earned $83.39 EPS. 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 earnings per share for the current year.

Booking Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BKNG. B. Riley upped their price objective on shares of Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Benchmark upped their price objective on shares of Booking from $6,200.00 to $6,400.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Truist Financial set a $5,810.00 price objective on shares of Booking in a report on Wednesday, October 29th. Gordon Haskett reduced their price objective on shares of Booking from $5,680.00 to $5,620.00 and set a “hold” rating for the company in a report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $6,121.23.

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.