Centric Wealth Management Has $432,000 Position in Booking Holdings Inc. $BKNG

Centric Wealth Management decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 18.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 80 shares of the business services provider’s stock after selling 18 shares during the period. Centric Wealth Management’s holdings in Booking were worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Preservation Advisors LLC acquired a new stake in shares of Booking during the 1st quarter worth about $28,000. Atwood & Palmer Inc. bought a new position in Booking in the 2nd quarter valued at about $29,000. Westside Investment Management Inc. lifted its position in Booking by 400.0% during the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after acquiring an additional 4 shares during the last quarter. Keystone Global Partners LLC bought a new stake in shares of Booking during the first quarter worth approximately $32,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Booking in the second quarter valued at approximately $35,000. 92.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 200 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the insider owned 1,514 shares of the company’s stock, valued at approximately $7,570,000. The trade was a 11.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the sale, the chief executive officer directly owned 23,607 shares in the company, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,452 shares of company stock worth $17,987,397 over the last 90 days. Corporate insiders own 0.16% of the company’s stock.

Booking Stock Up 4.0%

BKNG stock opened at $4,768.00 on Friday. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The firm has a market cap of $153.69 billion, a P/E ratio of 30.99, a P/E/G ratio of 1.57 and a beta of 1.34. The company’s 50-day moving average price is $5,182.84 and its two-hundred day moving average price is $5,400.37.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results 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. The company had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid a $9.60 dividend. The ex-dividend date is Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. Booking’s dividend payout ratio (DPR) is presently 24.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their target price on Booking from $5,640.00 to $6,050.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Truist Financial set a $5,810.00 target price on Booking in a report on Wednesday, October 29th. Mizuho set a $6,000.00 price target on shares of Booking in a research note on Wednesday, October 29th. Seaport Global Securities raised their price target on shares of Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Booking from $5,443.00 to $5,523.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6,139.21.

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.