Philadelphia Investment Partners LLC Takes Position in Booking Holdings Inc. $BKNG

Philadelphia Investment Partners LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,925 shares of the business services provider’s stock, valued at approximately $624,000.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in Booking during the second quarter worth $11,646,302,000. Deutsche Bank AG acquired a new stake in shares of Booking in the 2nd quarter valued at $1,691,186,000. Bank of New York Mellon Corp bought a new position in shares of Booking in the 2nd quarter valued at $1,370,455,000. Legal & General Group Plc bought a new position in shares of Booking in the 2nd quarter valued at $992,026,000. Finally, Bank of America Corp DE acquired a new position in shares of Booking during the 2nd quarter worth $770,673,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Down 2.3%

Shares of NASDAQ:BKNG opened at $208.89 on Thursday. The firm has a market cap of $156.96 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.29 and a beta of 1.07. Booking Holdings Inc. has a 12-month low of $150.14 and a 12-month high of $227.72. The business has a fifty day simple moving average of $190.88 and a 200 day simple moving average of $177.38.

Booking (NASDAQ:BKNG) last announced its earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. The firm had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $55.40 EPS. As a group, equities research analysts expect that Booking Holdings Inc. will post 10.47 EPS for the current year.

Booking Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently weighed in on BKNG shares. The Goldman Sachs Group set a $215.00 price objective on Booking and gave the stock a “neutral” rating in a research report on Monday, July 20th. BMO Capital Markets reissued an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Booking in a research note on Wednesday, August 5th. Gordon Haskett increased their target price on shares of Booking from $217.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. B. Riley Financial reissued a “buy” rating and issued a $274.00 target price (up from $264.00) on shares of Booking in a report on Wednesday, August 5th. Finally, Wells Fargo & Company set a $220.00 price target on shares of Booking and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $236.45.

More Booking News

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Analysts currently assign Booking Holdings an average “Moderate Buy” rating, indicating that Wall Street remains broadly optimistic about the company’s outlook. Booking Holdings Given Average Rating of Moderate Buy by Analysts
• Positive Sentiment: OpenTable, a Booking Holdings business, introduced more than 20 restaurant-focused product enhancements, including AI-powered search distribution, automation tools, and natural-language reporting. The rollout could strengthen OpenTable’s value proposition, improve restaurant engagement, and support longer-term growth in the company’s restaurant technology operations. OpenTable Launches New Product Features
• Neutral Sentiment: Chief Financial Officer Ewout Steenbergen will speak at the Goldman Sachs Communacopia + Technology Conference on September 9. The presentation could provide updated commentary on travel demand, margins, and strategy, but no new financial guidance was announced. Booking Holdings Goldman Sachs Conference Presentation
• Neutral Sentiment: CEO Glenn Fogel is scheduled to participate in a Citi Global TMT Conference session on September 8. The event may offer investors additional strategic insight, but the announcement itself has no immediate earnings impact. Booking Holdings Citi Conference Presentation
• Neutral Sentiment: A report discusses whether Wall Street is bullish or bearish on BKNG, highlighting the importance of analyst expectations and valuation in current trading. The headline alone does not establish a specific change in consensus. Booking Holdings Stock: Is Wall Street Bullish or Bearish?
• Negative Sentiment: Booking’s recent pullback may indicate investor caution after a substantial advance, particularly as valuation and the sustainability of travel-demand growth remain key considerations. The reported short-interest data showed zero shares and therefore provides no meaningful evidence of bearish short positioning.

Insider Activity

In other Booking news, CFO Ewout L. Steenbergen sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the completion of the transaction, the chief financial officer owned 59,794 shares in the company, valued at approximately $12,618,327.82. This trade represents a 25.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the completion of the transaction, the vice president owned 375,025 shares in the company, valued at $77,851,439.75. This trade represents a 11.77% decrease in their position. 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 have sold a total of 77,550 shares of company stock worth $16,112,304 in the last 90 days. 0.17% of the stock is owned by company insiders.

About Booking

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.