Perigon Wealth Management LLC Invests $1.32 Million in Booking Holdings Inc. $BKNG

Perigon Wealth Management LLC purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,417 shares of the business services provider’s stock, valued at approximately $1,322,000.

A number of other large investors also recently bought and sold shares of BKNG. Camelot Portfolios LLC purchased a new stake in Booking in the fourth quarter worth about $27,000. Osbon Capital Management LLC bought a new position in shares of Booking during the fourth quarter valued at approximately $27,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Booking during the fourth quarter valued at approximately $27,000. Strive Asset Management LLC purchased a new position in shares of Booking during the third quarter valued at approximately $27,000. Finally, Swiss RE Ltd. purchased a new position in shares of Booking during the fourth quarter valued at approximately $27,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $208.20 on Wednesday. The firm’s 50 day moving average price is $185.74 and its 200-day moving average price is $177.06. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $231.80. The company has a market cap of $156.44 billion, a PE ratio of 23.04, a P/E/G ratio of 1.28 and a beta of 1.07.

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. On average, analysts forecast that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.

Booking Dividend Announcement

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 paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, September 11th. Booking’s dividend payout ratio (DPR) is currently 18.58%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Piper Sandler restated a “neutral” rating and issued a $215.00 price target (up from $195.00) on shares of Booking in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lowered their price objective on Booking from $224.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. BMO Capital Markets reissued an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Booking in a report on Wednesday, August 5th. Cantor Fitzgerald increased their target price on Booking from $175.00 to $220.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, BTIG Research reissued a “buy” rating and issued a $250.00 target price on shares of Booking in a research note on Wednesday, August 5th. One 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’s stock. According to data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.72.

More Booking News

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Booking’s KAYAK brand reported that international airfares for UK travelers during September and October average 26% below peak-season prices. More affordable “shoulder season” travel could support booking volumes and reinforce expectations for resilient demand across Booking’s lodging and travel platforms. KAYAK shoulder season travel research
• Positive Sentiment: Recent analyst commentary remains broadly constructive. Booking has a “Moderate Buy” consensus rating and an average price target of $235.72, while Argus raised its target to $245 and maintained a buy rating. The company also exceeded quarterly earnings and revenue estimates, with revenue rising 8.1% year over year. Booking analyst ratings and stock analysis
• Neutral Sentiment: Booking declared a quarterly dividend of $0.42 per share, equivalent to $1.68 annually and a yield of approximately 0.8%. The payout is modest but signals continued capital returns; it is unlikely to be a major driver for the stock given the company’s growth-oriented valuation. Booking dividend announcement
• Negative Sentiment: Vice President Peter Millones sold 50,050 shares for approximately $10.4 million, reducing his holdings by 11.77%. Director Vanessa Ames Wittman also sold 375 shares for about $79,000. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, which makes them a weaker bearish signal; Millones still retains roughly $77.9 million in BKNG stock. Booking insider share sales

Insiders Place Their Bets

In other Booking news, CFO Ewout L. Steenbergen sold 20,000 shares of Booking stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total value of $4,220,600.00. Following the completion of the sale, the chief financial officer owned 59,794 shares of the company’s stock, 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 is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $206.70, for a total value of $206,700.00. Following the completion of the transaction, the director owned 15,000 shares of the company’s stock, valued at $3,100,500. This represents a 6.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 140,050 shares of company stock worth $26,341,680 in the last 90 days. 0.17% of the stock is currently owned by company 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.