Avidian Wealth Enterprises LLC Grows Position in Booking Holdings Inc. $BKNG

Avidian Wealth Enterprises LLC lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80 shares of the business services provider’s stock after purchasing an additional 7 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Booking were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vontobel Holding Ltd. grew its holdings in shares of Booking by 18.6% during the 2nd 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 period. Sequoia Financial Advisors LLC boosted its holdings in Booking by 20.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock valued at $6,090,000 after acquiring an additional 175 shares during the period. Vest Financial LLC boosted its holdings in Booking by 0.7% during the 2nd quarter. Vest Financial LLC now owns 9,090 shares of the business services provider’s stock valued at $52,624,000 after acquiring an additional 61 shares during the period. Nordea Investment Management AB boosted its holdings in Booking by 9.5% during the 2nd quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock valued at $1,297,331,000 after acquiring an additional 19,578 shares during the period. Finally, NorthRock Partners LLC boosted its holdings in Booking by 12.8% during the 2nd quarter. NorthRock Partners LLC now owns 494 shares of the business services provider’s stock valued at $2,860,000 after acquiring an additional 56 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BKNG. Wedbush restated a “neutral” rating and set a $5,900.00 target price on shares of Booking in a report on Wednesday, July 30th. Mizuho began coverage on Booking in a report on Monday, September 29th. They set a “neutral” rating and a $5,975.00 target price for the company. Wells Fargo & Company raised their target price on Booking from $5,418.00 to $5,443.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. KeyCorp began coverage on Booking in a report on Wednesday. They set an “overweight” rating and a $6,450.00 target price for the company. Finally, DA Davidson raised their target price on Booking from $5,750.00 to $6,500.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Booking has an average rating of “Moderate Buy” and an average price target of $5,994.00.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the transaction, the chief executive officer owned 23,607 shares of the company’s stock, valued at $130,237,930.44. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the transaction, the director directly owned 732 shares in the company, valued at approximately $3,873,729.36. This trade represents a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,197 shares of company stock valued at $17,260,963 over the last quarter. Company insiders own 0.16% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $5,230.59 on Thursday. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The firm has a market capitalization of $169.52 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 1.64 and a beta of 1.35. The stock’s 50-day simple moving average is $5,446.77 and its 200-day simple moving average is $5,347.81.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping 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 business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter last year, the company earned $41.90 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

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.