Booking Holdings Inc. $BKNG Shares Acquired by Knollwood Investment Advisory LLC

Knollwood Investment Advisory LLC lifted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2,400.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,825 shares of the business services provider’s stock after buying an additional 20,952 shares during the quarter. Knollwood Investment Advisory LLC’s holdings in Booking were worth $3,890,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Syon Capital LLC boosted its stake in shares of Booking by 2,227.9% in the second quarter. Syon Capital LLC now owns 9,498 shares of the business services provider’s stock valued at $1,693,000 after purchasing an additional 9,090 shares during the period. denkapparat Operations GmbH grew its holdings in shares of Booking by 1,189.1% in the second quarter. denkapparat Operations GmbH now owns 3,326 shares of the business services provider’s stock valued at $593,000 after purchasing an additional 3,068 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in Booking by 666.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 35,002 shares of the business services provider’s stock worth $6,395,000 after buying an additional 30,436 shares during the period. Premier Path Wealth Partners LLC increased its stake in Booking by 2,071.1% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 5,406 shares of the business services provider’s stock worth $964,000 after buying an additional 5,157 shares during the period. Finally, United Community Bank lifted its holdings in Booking by 2,286.4% during the 2nd quarter. United Community Bank now owns 1,575 shares of the business services provider’s stock worth $281,000 after buying an additional 1,509 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the subject of several research reports. DA Davidson set a $240.00 price target on shares of Booking in a research note on Thursday, August 6th. Truist Financial set a $242.00 price objective on Booking in a research note on Wednesday, August 5th. Citigroup reissued a “buy” rating and set a $236.00 target price (up from $225.00) on shares of Booking in a research note on Wednesday, August 5th. Jefferies Financial Group upped their price target on Booking from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Tuesday, July 14th. Finally, Benchmark increased their price target on Booking from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $236.70.

Booking Trading Down 2.2%

Shares of BKNG opened at $195.13 on Friday. The firm has a market capitalization of $146.62 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.24 and a beta of 1.07. The firm’s fifty day simple moving average is $194.07 and its 200-day simple moving average is $178.29. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $226.10.

Booking (NASDAQ:BKNG) last issued its earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $55.40 earnings per share. On average, analysts predict that Booking Holdings Inc. will post 10.48 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 11th. Booking’s payout ratio is 18.58%.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 3,000 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $203.48, for a total value of $610,440.00. Following the transaction, the insider owned 73,400 shares in the company, valued at approximately $14,935,432. This represents a 3.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert Mylod, Jr. sold 5,000 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total value of $1,000,000.00. Following the completion of the transaction, the director owned 16,000 shares in the company, valued at approximately $3,200,000. The trade was a 23.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 81,550 shares of company stock worth $16,922,744. Corporate insiders own 0.17% of the company’s stock.

Trending Headlines about Booking

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Rosenblatt initiated coverage with a Strong Buy recommendation and reportedly set a $245 price target, indicating substantial potential upside from recent trading levels. The bullish view may support BKNG by highlighting its positioning among online travel companies. Rosenblatt initiates coverage of Booking Holdings
• Positive Sentiment: Booking’s capital-return profile remains attractive. A recent analysis noted that the company’s dividend and share repurchases together produce a total shareholder yield above 7%, which could appeal to value and income-oriented investors. Booking Holdings dividend and buyback analysis
• Positive Sentiment: Fundamentally, the latest quarter included earnings of $2.54 per share versus a $2.43 consensus estimate and revenue of $7.35 billion versus expectations of $7.19 billion. Revenue grew 8.1% year over year, while Booking declared a quarterly dividend of $0.42 per share.
• Neutral Sentiment: Analyst commentary is generally favorable, but the stock’s post-earnings performance indicates that strong results have not yet translated into sustained upward momentum. Investors are likely focused on updated forecasts and the outlook for travel demand.
• Negative Sentiment: Recent insider selling adds a modest negative headline. Director Robert Mylod Jr. sold 1,000 shares for $200,000, following insider Paulo Pisano’s sale of 3,000 shares for approximately $610,440. Both transactions were made under pre-arranged Rule 10b5-1 plans, limiting their value as signals of deteriorating business prospects. Booking Holdings director stock sale

Booking Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.