Glenn D. Fogel Sells 1,013 Shares of Booking (NASDAQ:BKNG) Stock

Key Points

• CEO Glenn D. Fogel of Booking Holdings Inc. sold 1,013 shares of stock for approximately $5.55 million, reducing his ownership by 3.95%.
• Booking Holdings recently announced a quarterly dividend of $9.60 per share, with an annualized dividend yield of 0.7%.
• Analysts have adjusted their price targets for Booking stock, with several institutions setting them between $5,418.00 and $6,000.00 following strong earnings results.

Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the transaction, the chief executive officer directly owned 24,620 shares of the company's stock, valued at $134,841,031.80. The trade was a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Booking Trading Up 0.2%

BKNG traded up $10.13 during trading on Friday, hitting $5,720.87. 195,538 shares of the company traded hands, compared to its average volume of 209,657. The company has a market cap of $185.41 billion, a PE ratio of 39.79, a P/E/G ratio of 1.65 and a beta of 1.41. The stock's 50-day simple moving average is $5,577.51 and its two-hundred day simple moving average is $5,155.63. Booking Holdings Inc. has a 1 year low of $3,700.97 and a 1 year high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. Booking's quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the company posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Equities analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's dividend payout ratio (DPR) is presently 26.71%.

Institutional Investors Weigh In On Booking

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Booking by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock worth $13,620,154,000 after acquiring an additional 30,054 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after acquiring an additional 2,362,892 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Booking by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider's stock valued at $4,936,132,000 after buying an additional 9,333 shares in the last quarter. Norges Bank bought a new stake in Booking during the 2nd quarter valued at about $2,210,917,000. Finally, Invesco Ltd. lifted its holdings in Booking by 6.8% during the 2nd quarter. Invesco Ltd. now owns 379,583 shares of the business services provider's stock valued at $2,197,495,000 after buying an additional 24,030 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BKNG. JPMorgan Chase & Co. raised their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Susquehanna raised their target price on shares of Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Barclays lifted their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Evercore ISI lifted their price objective on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, JMP Securities lifted their price objective on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $5,781.04.

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.