Booking Holdings Inc. $BKNG Shares Sold by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. has reduced its stake in Booking Holdings by 13.0%, selling 56 shares and leaving it with 375 shares valued at approximately $1,728,000.
• CEO Glenn D. Fogel sold 1,013 shares of Booking at an average price of $5,476.89, reducing his ownership by 3.95% to approximately $134.8 million.
• Booking recently declared a quarterly dividend of $9.60, to be paid on September 30th, which represents an annualized yield of 0.7%.

Advisors Asset Management Inc. reduced its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 13.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375 shares of the business services provider's stock after selling 56 shares during the period. Advisors Asset Management Inc.'s holdings in Booking were worth $1,728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kingswood Wealth Advisors LLC lifted its stake in shares of Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after purchasing an additional 39 shares in the last quarter. Point72 Europe London LLP acquired a new position in shares of Booking in the 4th quarter valued at about $15,054,000. International Assets Investment Management LLC acquired a new position in shares of Booking in the 1st quarter valued at about $203,000. Perigon Wealth Management LLC lifted its position in Booking by 9.4% during the 1st quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock worth $1,281,000 after acquiring an additional 24 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Booking by 13.2% during the 1st quarter. GAMMA Investing LLC now owns 513 shares of the business services provider's stock worth $2,363,000 after acquiring an additional 60 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the completion of the sale, the chief executive officer directly owned 24,620 shares in the company, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 4,052 shares of company stock worth $22,511,858. Company insiders own 0.16% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Bank of America boosted their price target on Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Citigroup boosted their price target on Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Piper Sandler reissued 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. Morgan Stanley set a $5,650.00 price target on Booking and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $6,000.00 target price (up from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Booking has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.

Booking Stock Down 1.4%

Shares of BKNG stock opened at $5,505.80 on Monday. The stock has a 50-day simple moving average of $5,615.88 and a 200 day simple moving average of $5,200.02. Booking Holdings Inc. has a fifty-two week low of $3,700.97 and a fifty-two week high of $5,839.41. The stock has a market capitalization of $178.44 billion, a P/E ratio of 38.29, a P/E/G ratio of 1.59 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results 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 negative return on equity of 134.19% and a net margin of 19.23%.The business had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. During the same quarter last year, the company posted $41.90 EPS. Booking's revenue for the quarter was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

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

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.

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