Booking Holdings Inc. $BKNG Stock Position Decreased by Modera Wealth Management LLC

Modera Wealth Management LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2.1% in the 2nd quarter, Holdings Channel reports. The firm owned 841 shares of the business services provider’s stock after selling 18 shares during the period. Modera Wealth Management LLC’s holdings in Booking were worth $4,869,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Wealth Preservation Advisors LLC bought a new stake in shares of Booking during the 1st quarter worth $28,000. Atwood & Palmer Inc. bought a new stake in Booking in the 2nd quarter valued at $29,000. Westside Investment Management Inc. grew its position in Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4 shares during the last quarter. Keystone Global Partners LLC acquired a new position in shares of Booking during the first quarter valued at about $32,000. Finally, O Brien Wealth Partners LLC acquired a new stake in Booking during the second quarter worth about $35,000. Institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In other news, Director Larry Quinlan sold 64 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the sale, the director owned 131 shares in the company, valued at approximately $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the transaction, the director directly owned 732 shares of the company’s stock, valued at $3,873,729.36. This represents a 2.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,197 shares of company stock valued at $17,260,963 in the last three months. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. KeyCorp raised their price objective on Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Evercore ISI increased their price objective 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. 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. Finally, Seaport Global Securities upped their target price on shares of Booking from $6,030.00 to $6,260.00 and gave the company 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 data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $6,121.23.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $4,940.00 on Friday. The company’s fifty day moving average is $5,311.14 and its 200-day moving average is $5,401.89. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The company has a market capitalization of $159.24 billion, a PE ratio of 32.11, a P/E/G ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $95.56 by $3.94. The firm 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%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current 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 given a dividend of $9.60 per share. The ex-dividend date 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 24.96%.

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.