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

Perigon Wealth Management LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,417 shares of the business services provider’s stock, valued at approximately $1,322,000.

Several other institutional investors also recently bought and sold shares of the stock. Bogart Wealth LLC lifted its position in Booking by 3,475.0% in the second quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 139 shares during the last quarter. Wilkerson Advisory Group LLC grew its holdings in shares of Booking by 3,550.0% in the second quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock worth $26,000 after purchasing an additional 142 shares during the last quarter. Camelot Portfolios LLC purchased a new position in shares of Booking in the fourth quarter worth $27,000. Osbon Capital Management LLC purchased a new position in shares of Booking in the fourth quarter worth $27,000. Finally, First Financial Corp IN raised its holdings in Booking by 2,400.0% during the 2nd quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock valued at $27,000 after buying an additional 144 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Up 1.7%

NASDAQ:BKNG opened at $208.20 on Wednesday. The firm’s fifty day simple moving average is $185.74 and its 200 day simple moving average is $177.06. The stock has a market cap of $156.44 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $231.80.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data 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. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The business had revenue of $7.35 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same period in the prior year, the business earned $55.40 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts expect that Booking Holdings Inc. will post 10.47 EPS for the current fiscal year.

Booking Dividend Announcement

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

Insider Activity at Booking

In other Booking news, VP Peter J. Millones sold 62,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total value of $10,229,375.00. Following the completion of the sale, the vice president directly owned 425,075 shares in the company, valued at $69,572,025.25. This trade represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the sale, the director owned 16,508 shares of the company’s stock, valued at $3,169,536. This trade represents a 6.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 140,050 shares of company stock valued at $26,341,680 in the last three months. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on BKNG shares. DA Davidson set a $240.00 price target on shares of Booking in a research report on Thursday, August 6th. Cantor Fitzgerald boosted their price objective on shares of Booking from $175.00 to $220.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Barclays set a $210.00 price objective on shares of Booking and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Mizuho set a $240.00 target price on shares of Booking in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. cut their target price on Booking from $224.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.72.

Key Headlines Impacting Booking

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

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.