Booking (NASDAQ:BKNG) Director Sells $357,575.04 in Stock

Key Points

• Booking Holdings Inc. Director Larry Quinlan sold 64 shares of stock for $357,575.04, reducing his ownership by 24.71% to 195 shares, now valued at approximately $1,089,486.45.
• The company recently posted earnings with an EPS of $55.40, exceeding expectations, and reported quarterly revenue of $6.80 billion, a 16% increase year-over-year.
• Booking announced a quarterly dividend of $9.60 per share, with a dividend yield of 0.7% and a payout ratio of 26.71%.

Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) Director Larry Quinlan sold 64 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the completion of the sale, the director owned 195 shares in the company, valued at $1,089,486.45. This represents a 24.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Booking Stock Performance

NASDAQ BKNG traded up $2.13 on Tuesday, hitting $5,571.83. The stock had a trading volume of 156,203 shares, compared to its average volume of 243,879. Booking Holdings Inc. has a 52-week low of $3,719.34 and a 52-week high of $5,839.41. The company has a market capitalization of $180.58 billion, a price-to-earnings ratio of 38.75, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39. The firm has a 50-day moving average of $5,611.49 and a 200-day moving average of $5,204.07.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $6.80 billion for 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%. The business's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Analysts Set New Price Targets

BKNG has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a report on Wednesday, July 30th. Susquehanna raised their price target on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Wedbush reaffirmed a "neutral" rating and set a $5,900.00 target price on shares of Booking in a research note on Wednesday, July 30th. Benchmark reaffirmed a "buy" rating and set a $6,200.00 target price (up previously from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company lifted their target price on shares of Booking from $5,411.00 to $5,418.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $5,808.81.

Hedge Funds Weigh In On Booking

Hedge funds have recently modified their holdings of the company. Wealth Preservation Advisors LLC bought a new position in shares of Booking in the first quarter worth approximately $28,000. Atwood & Palmer Inc. purchased a new stake in Booking during the second quarter valued at $29,000. Westside Investment Management Inc. raised its stake in Booking by 400.0% during the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider's stock valued at $29,000 after purchasing an additional 4 shares in the last quarter. Keystone Global Partners LLC purchased a new stake in Booking during the first quarter valued at $32,000. Finally, O Brien Wealth Partners LLC purchased a new stake in Booking during the second quarter valued at $35,000. 92.42% of the stock is currently owned by institutional investors.

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.

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