Copperleaf Capital LLC Has $1.70 Million Holdings in Booking Holdings Inc. $BKNG

Copperleaf Capital LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 12.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294 shares of the business services provider’s stock after selling 43 shares during the quarter. Booking accounts for approximately 0.9% of Copperleaf Capital LLC’s holdings, making the stock its 29th biggest position. Copperleaf Capital LLC’s holdings in Booking were worth $1,702,000 as of its most recent SEC filing.

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

Insider Activity at Booking

In other news, insider Paulo Pisano sold 200 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the transaction, the insider owned 1,514 shares of the company’s stock, valued at approximately $7,570,000. This trade represents a 11.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the transaction, the chief executive officer directly owned 23,607 shares in the company, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,424 shares of company stock worth $12,912,874. Insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank Of Canada raised their target price on Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Bank of America raised their price objective on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. BTIG Research reissued a “buy” rating and issued a $6,250.00 target price on shares of Booking in a research note on Wednesday, October 29th. Robert W. Baird set a $6,325.00 price target on shares of Booking in a research report on Wednesday, October 29th. Finally, Rothschild & Co Redburn lifted their price objective on Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average target price of $6,139.21.

Booking Trading Down 0.4%

Shares of BKNG stock opened at $4,783.01 on Wednesday. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The firm’s 50 day moving average is $5,230.63 and its 200-day moving average is $5,412.46. The firm has a market capitalization of $154.18 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The firm had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s payout ratio is currently 24.96%.

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.