Keystone Financial Services Has $2.06 Million Position in Booking Holdings Inc. $BKNG

Keystone Financial Services boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 355 shares of the business services provider’s stock after acquiring an additional 20 shares during the period. Booking accounts for 0.7% of Keystone Financial Services’ portfolio, making the stock its 23rd largest position. Keystone Financial Services’ holdings in Booking were worth $2,056,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BKNG. Pacer Advisors Inc. grew its stake 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 worth $516,900,000 after purchasing an additional 104,780 shares during the period. AQR Capital Management LLC boosted its holdings in Booking by 79.4% during the first quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock worth $695,259,000 after buying an additional 68,243 shares during the last quarter. TD Asset Management Inc grew its position in shares of 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 buying an additional 67,562 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased 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 valued at $836,223,000 after acquiring an additional 39,523 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised 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 acquiring an additional 35,171 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking Trading Up 0.8%

BKNG opened at $4,940.00 on Friday. The stock has a market capitalization of $159.24 billion, a P/E ratio of 32.11, a P/E/G ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The firm’s fifty day simple moving average is $5,311.14 and its 200 day simple moving average is $5,401.89.

Booking (NASDAQ:BKNG) last released 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 for the quarter, compared to the consensus estimate of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

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

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 131 shares of the company’s stock, valued at $722,045.80. This represents a 32.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction, 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 SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,197 shares of company stock worth $17,260,963. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of analyst reports. Cantor Fitzgerald decreased their price objective on shares of Booking from $5,590.00 to $5,550.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Wedbush set a $6,000.00 price target on shares of Booking and gave the stock a “neutral” rating in a research 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 company a “buy” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $6,150.00 price objective on Booking in a research note on Wednesday, October 29th. Finally, KeyCorp boosted their target price on Booking from $6,450.00 to $6,630.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. 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 company. Based on data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus target price 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.