Booking Holdings Inc. $BKNG Shares Sold by Cim LLC

Key Points

• Cim LLC reduced its stake in Booking Holdings Inc. by 24.6% in Q1, now holding 2,257 shares worth approximately $10.4 million.
• Several institutional investors, including Vanguard and GAMMA Investing, have increased their holdings in Booking, with Vanguard owning nearly $13.6 billion worth after a 1% increase.
• Booking recently announced a quarterly dividend of $9.60 per share, representing a dividend yield of 0.7%, to be paid on September 30th.

Cim LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 24.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,257 shares of the business services provider's stock after selling 736 shares during the quarter. Booking makes up approximately 1.5% of Cim LLC's holdings, making the stock its 23rd biggest holding. Cim LLC's holdings in Booking were worth $10,398,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Booking by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock valued at $13,620,154,000 after purchasing an additional 30,054 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after purchasing an additional 2,362,892 shares in the last quarter. Northern Trust Corp raised its stake in shares of Booking by 0.5% in the 1st quarter. Northern Trust Corp now owns 370,327 shares of the business services provider's stock valued at $1,706,063,000 after purchasing an additional 1,699 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Booking by 6.6% in the 1st quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider's stock valued at $1,365,170,000 after purchasing an additional 18,268 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Booking by 3.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider's stock valued at $1,023,655,000 after purchasing an additional 8,015 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Insider Activity at Booking

In other news, Director Larry Quinlan sold 64 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $5,587.11, for a total value of $357,575.04. Following the completion of the transaction, the director directly owned 195 shares in the company, valued at $1,089,486.45. This trade represents a 24.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the completion of the transaction, the chief executive officer owned 24,620 shares of the company's stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,116 shares of company stock valued at $22,869,434 over the last quarter. Insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. BTIG Research reiterated a "buy" rating and set a $6,250.00 price objective on shares of Booking in a research note on Thursday, September 4th. Bank of America increased their price objective on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Hsbc Global Res upgraded shares of Booking to a "strong-buy" rating in a research note on Thursday, July 17th. Morgan Stanley set a $5,650.00 price objective on shares of Booking and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Cantor Fitzgerald reiterated a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $5,808.81.

Booking Trading Up 0.4%

NASDAQ BKNG opened at $5,498.00 on Friday. Booking Holdings Inc. has a 52 week low of $3,813.88 and a 52 week high of $5,839.41. The stock has a market cap of $178.19 billion, a price-to-earnings ratio of 38.24, a price-to-earnings-growth ratio of 1.58 and a beta of 1.39. The company has a 50-day moving average price of $5,599.28 and a two-hundred day moving average price of $5,211.57.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter in the prior year, the firm earned $41.90 EPS. Booking's quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect 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 $9.60 dividend. 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%.

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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