Booking (NASDAQ:BKNG) CEO Sells $5,588,639.96 in Stock

Key Points

• CEO Glenn Fogel of Booking Holdings sold 1,013 shares of stock valued at approximately $5.6 million, reducing his ownership by 4.11% to 23,607 shares.
• Booking reported an earnings per share (EPS) of $55.40 for the last quarter, exceeding expectations of $50.32, with a revenue of $6.80 billion.
• The company announced a quarterly dividend of $9.60, representing an annualized yield of 0.7%, and its dividend payout ratio is currently 26.71%.

Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction 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 of the company's stock, valued at $130,237,930.44. The trade was a 4.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Booking Trading Up 0.0%

BKNG traded up $1.56 on Friday, reaching $5,444.44. The stock had a trading volume of 420,445 shares, compared to its average volume of 175,646. Booking Holdings Inc. has a 12-month low of $3,985.57 and a 12-month high of $5,839.41. The business's 50-day moving average price is $5,570.86 and its two-hundred day moving average price is $5,235.05. The company has a market cap of $176.45 billion, a P/E ratio of 37.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39.

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

Booking Announces Dividend

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

Hedge Funds Weigh In On Booking

Several institutional investors and hedge funds have recently bought and sold shares of BKNG. Brighton Jones LLC boosted its holdings in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Booking in the 4th quarter worth approximately $209,000. Fire Capital Management LLC acquired a new position in shares of Booking in the 4th quarter worth approximately $248,000. Graham Capital Management L.P. acquired a new position in shares of Booking in the 4th quarter worth approximately $224,000. Finally, Silvercrest Asset Management Group LLC lifted its holdings in shares of Booking by 3.2% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 325 shares of the business services provider's stock worth $1,615,000 after acquiring an additional 10 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BKNG. Citigroup boosted their target price on shares of Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Barclays boosted their target price 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. Truist Financial boosted their price target on shares of Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a research report on Monday, July 14th. Morgan Stanley set a $5,650.00 price target on shares of Booking and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Piper Sandler restated a "neutral" rating and set a $5,750.00 price target (up from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.

Booking Company Profile

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.