S&T Bank PA Cuts Stake in Booking Holdings Inc. $BKNG

S&T Bank PA lessened its position in Booking Holdings Inc. (NASDAQ:BKNG) by 7.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 259 shares of the business services provider’s stock after selling 22 shares during the period. S&T Bank PA’s holdings in Booking were worth $1,499,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BKNG. Pacer Advisors Inc. boosted its position in shares of Booking by 1,411.9% during the first quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider’s stock valued at $516,900,000 after buying an additional 104,780 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Booking by 79.4% in the first 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 last quarter. TD Asset Management Inc raised its stake 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 valued at $482,081,000 after buying an additional 67,562 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Booking by 27.8% in 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 buying an additional 39,523 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Booking by 19.7% in the first quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider’s stock valued at $983,707,000 after acquiring an additional 35,171 shares during the period. 92.42% of the stock is owned by institutional investors.

Booking Stock Performance

Shares of Booking stock opened at $4,899.05 on Friday. The stock has a market cap of $157.92 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. The stock has a 50 day moving average price of $5,324.32 and a 200-day moving average price of $5,398.40. 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 data 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. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same period in the previous year, the firm earned $83.39 earnings per share. Booking’s quarterly 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. Sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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 $9.60 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $38.40 annualized dividend and a yield of 0.8%. Booking’s dividend payout ratio (DPR) is presently 24.96%.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research reports. Benchmark raised 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. Evercore ISI upped their target price on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Wells Fargo & Company upped their price objective on Booking from $5,443.00 to $5,523.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Gordon Haskett cut 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, Seaport Global Securities boosted their price target on shares of Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Three 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6,121.23.

Insider Buying and Selling at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction 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 owned 732 shares in the company, valued at $3,873,729.36. The trade was a 2.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the transaction, the chief executive officer directly owned 23,607 shares in the company, valued at $130,237,930.44. This represents a 4.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,197 shares of company stock worth $17,260,963 over the last 90 days. Company insiders own 0.16% of the company’s stock.

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.