Booking Holdings Inc. $BKNG Shares Sold by CCM Investment Advisers LLC

Key Points

• CCM Investment Advisers LLC reduced its stake in Booking Holdings Inc. by 2.7%, ending the quarter with 4,199 shares valued at approximately $24.3 million.
• Booking reported Q2 earnings of $55.40 EPS, surpassing analysts' estimates and achieving a revenue of $6.80 billion, up 16% year-over-year.
• The company declared a quarterly dividend of $9.60 per share, reflecting an annualized dividend yield of 0.7%, with a dividend payout ratio of 26.71%.

CCM Investment Advisers LLC lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,199 shares of the business services provider's stock after selling 115 shares during the quarter. Booking comprises 2.6% of CCM Investment Advisers LLC's investment portfolio, making the stock its 10th biggest holding. CCM Investment Advisers LLC's holdings in Booking were worth $24,312,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BKNG. Wealth Preservation Advisors LLC purchased a new position in shares of Booking during the first quarter worth about $28,000. Atwood & Palmer Inc. acquired a new stake in shares of Booking in the 2nd quarter worth $29,000. Keystone Global Partners LLC purchased a new stake in shares of Booking in the first quarter valued at about $32,000. O Brien Wealth Partners LLC acquired a new position in shares of Booking during the second quarter worth about $35,000. Finally, First PREMIER Bank lifted its position in 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 during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

Shares of BKNG opened at $5,509.02 on Wednesday. Booking Holdings Inc. has a fifty-two week low of $4,060.98 and a fifty-two week high of $5,839.41. The company has a market capitalization of $178.55 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39. The stock has a fifty day moving average of $5,561.35 and a two-hundred day moving average of $5,246.14.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The business's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast 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 issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking's dividend payout ratio is presently 26.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Hsbc Global Res upgraded shares of Booking to a "strong-buy" rating in a research report on Thursday, July 17th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. DA Davidson raised 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 note on Thursday, July 31st. Finally, Piper Sandler reissued a "neutral" rating and set a $5,750.00 price objective (up previously from $5,077.00) on shares of Booking in a 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $5,808.81.

Insider Buying and Selling

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

Booking 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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