Dynamic Advisor Solutions LLC Increases Stake in Booking Holdings Inc. $BKNG

Dynamic Advisor Solutions LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2,473.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,081 shares of the business services provider’s stock after buying an additional 7,767 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Booking were worth $1,440,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Booking by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,997,949 shares of the business services provider’s stock worth $16,055,006,000 after purchasing an additional 23,159 shares in the last quarter. J. Stern & Co. LLP boosted its holdings in shares of Booking by 191,965.8% during the 4th quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider’s stock valued at $15,171,489,000 after buying an additional 2,831,495 shares in the last quarter. State Street Corp boosted its holdings in shares of Booking by 0.5% during the 4th quarter. State Street Corp now owns 1,435,116 shares of the business services provider’s stock valued at $7,685,520,000 after buying an additional 6,976 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Booking by 15.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 966,121 shares of the business services provider’s stock worth $5,173,899,000 after buying an additional 128,700 shares during the period. Finally, Bank of Nova Scotia grew its position in shares of Booking by 1,497.3% in the 1st quarter. Bank of Nova Scotia now owns 870,520 shares of the business services provider’s stock worth $3,665,168,000 after buying an additional 816,022 shares during the period. 92.42% of the stock is owned by institutional investors.

Trending Headlines about Booking

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Quarterly results exceeded expectations: Booking reported adjusted earnings of $2.54 per share, above the $2.43 consensus estimate, while revenue increased 8.1% year over year to $7.35 billion, surpassing forecasts of $7.19 billion. The results suggested resilient travel demand and helped support the stock’s advance.
• Positive Sentiment: Analyst optimism strengthened: UBS raised its price target to $274, while Wedbush, Benchmark and BTIG maintained bullish ratings with targets ranging from $247 to $250. The analyst actions reinforce expectations for additional upside following the earnings report. Booking Given New Price Target at UBS Group
• Positive Sentiment: Longer-term growth initiatives remain supportive: Management cited early benefits from artificial-intelligence personalization, cost savings and its connected-trip strategy, potentially improving efficiency and expanding customer engagement. Is Booking Holdings a Buying Opportunity?
• Neutral Sentiment: Dividend provides modest shareholder support: Booking declared a quarterly dividend of $0.42 per share, payable September 30 to shareholders of record September 11. The annualized yield of approximately 0.8% is unlikely to materially change the investment case.
• Neutral Sentiment: Director sale was scheduled in advance: Director Robert Mylod Jr. sold 1,000 shares for $206,700 under a pre-arranged Rule 10b5-1 plan. He continues to own 15,000 shares, limiting the significance of the transaction as a bearish signal. Booking Director Stock Sale
• Negative Sentiment: Near-term outlook is less robust: Investors remain cautious about soft third-quarter revenue guidance, moderating room-night growth and marketing expenses rising faster than revenue. Competition from Google, geopolitical uncertainty and technically overbought conditions could limit further gains after the recent rally. Why Analysts Are Bullish on Booking

Booking Stock Performance

Shares of Booking stock opened at $214.42 on Friday. The stock has a market capitalization of $161.11 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.31 and a beta of 1.07. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $231.80. The company has a 50-day simple moving average of $179.43 and a two-hundred day simple moving average of $176.56.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The company had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter last year, the firm earned $55.40 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that Booking Holdings Inc. will post 10.43 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. Booking’s dividend payout ratio (DPR) is presently 18.58%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BKNG. BTIG Research reissued a “buy” rating and set a $250.00 price target on shares of Booking in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $230.00 price objective on shares of Booking in a research note on Wednesday. Susquehanna reaffirmed a “positive” rating and set a $240.00 target price on shares of Booking in a research note on Thursday. UBS Group lifted their target price on shares of Booking from $266.00 to $274.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Robert W. Baird set a $230.00 target price on shares of Booking in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $234.69.

Insider Transactions at Booking

In other news, VP Peter J. Millones sold 62,500 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total value of $10,229,375.00. Following the completion of the transaction, the vice president owned 425,075 shares in the company, valued at $69,572,025.25. The trade was a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the transaction, the director directly owned 16,508 shares in the company, valued at approximately $3,169,536. The trade was a 6.38% decrease in their ownership of the stock. 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. Insiders sold 69,625 shares of company stock worth $11,652,075 over the last quarter. 0.17% of the stock is currently owned by insiders.

Booking Company 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.