Booking Holdings Inc. $BKNG Stock Position Raised by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 585 shares of the business services provider’s stock after acquiring an additional 26 shares during the quarter. DAVENPORT & Co LLC’s holdings in Booking were worth $3,386,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BKNG. Brighton Jones LLC raised its stake in Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after acquiring an additional 65 shares during the period. Revolve Wealth Partners LLC bought a new stake in Booking in the fourth quarter valued at $209,000. Rockingstone Advisors LLC lifted its stake in Booking by 22.2% in the first quarter. Rockingstone Advisors LLC now owns 165 shares of the business services provider’s stock valued at $760,000 after buying an additional 30 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in Booking by 37.2% in the first quarter. Capital Investment Advisors LLC now owns 118 shares of the business services provider’s stock valued at $544,000 after buying an additional 32 shares during the last quarter. Finally, Daymark Wealth Partners LLC lifted its stake in Booking by 16.0% in the first quarter. Daymark Wealth Partners LLC now owns 109 shares of the business services provider’s stock valued at $502,000 after buying an additional 15 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Down 2.1%

Shares of Booking stock opened at $5,131.23 on Thursday. The company’s 50-day moving average price is $5,503.17 and its two-hundred day moving average price is $5,311.28. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The stock has a market cap of $166.30 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 1.51 and a beta of 1.35.

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

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $9.60 dividend. The ex-dividend date was Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking’s payout ratio is 26.71%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BKNG. Royal Bank Of Canada raised their target price on Booking from $5,900.00 to $6,100.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Piper Sandler reiterated a “neutral” rating and issued a $5,750.00 target price (up from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Benchmark reiterated a “buy” rating and issued a $6,200.00 target price (up from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. Hsbc Global Res upgraded Booking to a “strong-buy” rating in a research note on Thursday, July 17th. Finally, Morgan Stanley set a $5,650.00 price objective on shares of Booking and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $5,808.81.

Insiders Place Their Bets

In other Booking news, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the sale, the director directly owned 131 shares in the company, valued at approximately $722,045.80. The trade was a 32.82% 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, CEO Glenn D. Fogel sold 1,013 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the sale, the chief executive officer owned 23,607 shares in the company, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,195 shares of company stock worth $23,467,630. 0.16% of the stock is owned by corporate insiders.

About Booking

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.