Booking Holdings Inc. $BKNG Shares Bought by Signaturefd LLC

Key Points

• Signaturefd LLC increased its stake in Booking Holdings Inc. by 26.0%, acquiring a total of 494 shares valued at approximately $2.86 million by the end of the reporting period.
• CEO Glenn D. Fogel sold 1,013 shares of the company's stock for about $5.59 million, resulting in a 4.11% decrease in his ownership of the company.
• Booking's quarterly earnings report revealed an EPS of $55.40, exceeding analyst expectations and marking a 16.0% revenue increase year-over-year.

Signaturefd LLC boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 26.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 494 shares of the business services provider's stock after buying an additional 102 shares during the period. Signaturefd LLC's holdings in Booking were worth $2,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BKNG. Wealth Preservation Advisors LLC acquired a new stake in shares of Booking in the first quarter valued at $28,000. Atwood & Palmer Inc. bought a new stake in shares of Booking during the 2nd quarter worth $29,000. Keystone Global Partners LLC bought a new position in shares of Booking during the first quarter worth about $32,000. O Brien Wealth Partners LLC bought a new position in shares of Booking in the second quarter valued at approximately $35,000. Finally, First PREMIER Bank grew its position in shares of Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock valued at $35,000 after purchasing an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Insiders Place Their Bets

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the transaction, the chief executive officer directly owned 23,607 shares of the company's stock, valued at approximately $130,237,930.44. This trade represents a 4.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Larry Quinlan sold 64 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the sale, the director owned 131 shares of the company's stock, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,195 shares of company stock worth $23,467,630. Company insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BKNG. Bank of America raised their price target on Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. DA Davidson boosted their price objective on shares of Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Wedbush reaffirmed a "neutral" rating and issued a $5,900.00 price objective on shares of Booking in a research note on Wednesday, July 30th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a report on Wednesday, July 30th. Finally, Benchmark reaffirmed a "buy" rating and issued a $6,200.00 price objective (up from $6,000.00) on shares of Booking in a research note 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 assigned a Hold rating to the stock. According to data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and a consensus price target of $5,808.81.

Booking Price Performance

BKNG opened at $5,548.00 on Friday. Booking Holdings Inc. has a 1-year low of $4,060.98 and a 1-year high of $5,839.41. The company's 50 day simple moving average is $5,553.44 and its two-hundred day simple moving average is $5,270.06. The firm has a market capitalization of $179.81 billion, a price-to-earnings ratio of 38.58, a price-to-earnings-growth ratio of 1.60 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same period in the previous year, the business posted $41.90 earnings per share. The business's revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm 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 $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's dividend payout ratio (DPR) is 26.71%.

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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