Savant Capital LLC Decreases Stock Holdings in Booking Holdings Inc. $BKNG

Savant Capital LLC lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 24.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,068 shares of the business services provider’s stock after selling 674 shares during the quarter. Savant Capital LLC’s holdings in Booking were worth $11,972,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in BKNG. Y Intercept Hong Kong Ltd grew its holdings in shares of Booking by 15.6% in the second quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock worth $2,958,000 after acquiring an additional 69 shares during the period. Vontobel Holding Ltd. boosted its position in Booking by 18.6% in the second quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after purchasing an additional 11,829 shares during the last quarter. Covey Capital Advisors LLC grew its stake in shares of Booking by 1.0% during the 2nd quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock valued at $6,467,000 after purchasing an additional 11 shares during the period. Atria Investments Inc increased its position in shares of Booking by 12.7% during the 2nd quarter. Atria Investments Inc now owns 2,291 shares of the business services provider’s stock valued at $13,262,000 after purchasing an additional 259 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Booking by 20.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock worth $6,090,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 625 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 22,982 shares in the company, valued at approximately $118,162,642.46. This represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 732 shares of the company’s stock, valued at $3,873,729.36. The trade was a 2.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,197 shares of company stock valued at $17,260,963 in the last three months. 0.16% of the stock is currently owned by corporate insiders.

Booking Stock Up 0.8%

NASDAQ:BKNG opened at $4,940.00 on Friday. The business’s 50-day simple moving average is $5,311.14 and its two-hundred day simple moving average is $5,401.89. The stock has a market cap 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 Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The firm had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same quarter in the prior year, the company posted $83.39 earnings per share. The business’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 anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently declared 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. This represents a $38.40 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s dividend payout ratio is presently 24.96%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BKNG. Benchmark boosted their target price 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. Cantor Fitzgerald cut 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 research report on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Booking in a research note on Tuesday, October 14th. BTIG Research reiterated a “buy” rating and set a $6,250.00 target price on shares of Booking in a research report on Wednesday, October 29th. Finally, UBS Group set a $6,806.00 price target on Booking and gave the company a “buy” rating in a report on Wednesday, October 29th. 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.