Boothbay Fund Management LLC Has $12.47 Million Stake in Booking Holdings Inc. $BKNG

Boothbay Fund Management LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2,274.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,707 shares of the business services provider’s stock after acquiring an additional 2,593 shares during the quarter. Boothbay Fund Management LLC’s holdings in Booking were worth $12,471,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BKNG. Wealth Preservation Advisors LLC acquired a new position in Booking in the first quarter worth $28,000. Keystone Global Partners LLC acquired a new position in Booking during the 1st quarter worth about $32,000. Activest Wealth Management grew its holdings in Booking by 300.0% during the 1st quarter. Activest Wealth Management now owns 8 shares of the business services provider’s stock worth $37,000 after acquiring an additional 6 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in Booking in the 1st quarter valued at about $41,000. Finally, WPG Advisers LLC bought a new position in shares of Booking in the first quarter worth about $41,000. 92.42% of the stock is currently owned by institutional investors.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the completion of the transaction, the chief executive officer directly owned 24,620 shares of the company’s stock, valued at approximately $134,841,031.80. This represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 4,052 shares of company stock worth $22,511,858 in the last 90 days. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BKNG. JPMorgan Chase & Co. increased their price target on shares of Booking from $5,360.00 to $6,000.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. BMO Capital Markets reissued an “outperform” rating and set a $6,000.00 price target (up from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Susquehanna lifted their target price on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Wedbush reissued a “neutral” rating and issued a $5,900.00 price target on shares of Booking in a research note on Wednesday, July 30th. Finally, Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average price target of $5,781.04.

Booking Price Performance

Shares of Booking stock opened at $5,582.95 on Thursday. The firm has a market cap of $180.94 billion, a price-to-earnings ratio of 38.83, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. Booking Holdings Inc. has a one year low of $3,700.97 and a one year high of $5,839.41. The stock’s 50-day moving average is $5,619.83 and its 200-day moving average is $5,191.90.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating the consensus estimate of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The firm had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.54 billion. During the same quarter in the previous year, the business posted $41.90 EPS. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $9.60 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s payout ratio is currently 26.71%.

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.