Curi RMB Capital LLC Trims Position in Booking Holdings Inc. $BKNG

Key Points

• Curi RMB Capital LLC reduced its stake in Booking Holdings Inc. by 6.0%, owning 10,194 shares valued at approximately $46.96 million as of its latest SEC filing.
• Booking reported $55.40 earnings per share for the last quarter, exceeding analysts' expectations by $5.08, with a revenue of $6.80 billion, reflecting a 16.0% year-over-year increase.
• The company announced a quarterly dividend of $9.60 per share, with an upcoming payout on September 30th, representing an annualized yield of 0.7%.

Curi RMB Capital LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,194 shares of the business services provider's stock after selling 647 shares during the period. Booking comprises about 1.2% of Curi RMB Capital LLC's portfolio, making the stock its 14th largest position. Curi RMB Capital LLC's holdings in Booking were worth $46,963,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC bought a new position in Booking during the 1st quarter worth about $28,000. Keystone Global Partners LLC bought a new position in Booking during the 1st quarter worth about $32,000. Activest Wealth Management grew its holdings in Booking by 300.0% during the 1st quarter. Activest Wealth Management now owns 8 shares of the business services provider's stock worth $37,000 after acquiring an additional 6 shares in the last quarter. Alpine Bank Wealth Management bought a new position in Booking during the 1st quarter worth about $41,000. Finally, WPG Advisers LLC bought a new position in Booking during the 1st quarter worth about $41,000. 92.42% of the stock is currently owned by institutional investors.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's 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 directly owned 24,620 shares of the company's stock, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 4,052 shares of company stock worth $22,511,858. Company insiders own 0.16% of the company's stock.

Booking Stock Performance

BKNG stock traded up $63.90 during trading on Monday, reaching $5,569.70. The company had a trading volume of 211,678 shares, compared to its average volume of 244,370. The firm has a 50-day simple moving average of $5,615.88 and a 200-day simple moving average of $5,200.02. The company has a market cap of $180.51 billion, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39. Booking Holdings Inc. has a twelve month low of $3,718.58 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 19.23% and a negative return on equity of 134.19%. Booking's revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the business earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BKNG. Morgan Stanley set a $5,650.00 target price on shares of Booking and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. BTIG Research restated a "buy" rating and issued a $6,250.00 price target on shares of Booking in a report on Thursday. Piper Sandler restated a "neutral" rating and issued a $5,750.00 price target (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Royal Bank Of Canada raised their price target on shares of Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $6,000.00 price target (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,808.81.

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.