Booking Holdings Inc. $BKNG Shares Sold by Chevy Chase Trust Holdings LLC

Key Points

• Chevy Chase Trust Holdings LLC reduced its stake in Booking Holdings Inc. by 1.0%, now owning approximately 0.05% of the company, translating to a value of $100.42 million.
• Booking's shares are currently trading at $4,952.31, showing a year-to-date decrease of 2.5%, with a market cap of $160.50 billion and a P/E ratio of 34.44.
• The company reported a quarterly EPS of $55.40, surpassing expectations, and announced a quarterly dividend of $9.60 per share, yielding 0.8% annually.

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,346 shares of the business services provider's stock after selling 169 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Booking worth $100,420,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Booking by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock worth $13,620,154,000 after buying an additional 30,054 shares during the period. Northern Trust Corp raised its stake in shares of Booking by 0.5% during the 1st quarter. Northern Trust Corp now owns 370,327 shares of the business services provider's stock worth $1,706,063,000 after buying an additional 1,699 shares during the period. Deutsche Bank AG raised its stake in shares of Booking by 6.6% during the 1st quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider's stock worth $1,365,170,000 after buying an additional 18,268 shares during the period. Nordea Investment Management AB raised its stake in shares of Booking by 9.5% during the 2nd quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider's stock worth $1,297,331,000 after buying an additional 19,578 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Booking by 3.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider's stock worth $1,023,655,000 after buying an additional 8,015 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Down 2.5%

Shares of NASDAQ:BKNG opened at $4,952.31 on Friday. The business has a fifty day moving average of $5,465.79 and a two-hundred day moving average of $5,329.75. The stock has a market cap of $160.50 billion, a P/E ratio of 34.44, a PEG ratio of 1.57 and a beta of 1.35. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The firm's quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business earned $41.90 EPS. 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 year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $9.60 per share. The ex-dividend date was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. Booking's dividend payout ratio is currently 26.71%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Hsbc Global Res raised Booking to a "strong-buy" rating in a research note on Thursday, July 17th. Royal Bank Of Canada increased their price objective on Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Erste Group Bank raised Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Cantor Fitzgerald reissued a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Finally, Morgan Stanley set a $5,650.00 price objective on Booking and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.

Insider Transactions at Booking

In other news, Director Larry Quinlan sold 64 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 131 shares in the company, valued at approximately $722,045.80. This represents a 32.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 23,607 shares of the company's stock, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,197 shares of company stock worth $17,260,963. 0.16% of the stock is currently owned by company insiders.

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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