Booking Holdings Inc. $BKNG Shares Sold by DSM Capital Partners LLC

Key Points

• DSM Capital Partners LLC sold 865 shares of Booking Holdings Inc., reducing its stake by 4.5% and now holds 18,567 shares valued at approximately $107.49 million.
• Booking's stock has recent target price adjustments by several analysts, with forecasts reaching as high as $6,500, indicating a consensus price target of $5,808.81 from a mix of ratings.
• Booking reported a quarterly earnings of $55.40 per share, exceeding expectations, alongside a 16% year-over-year revenue increase, totaling $6.80 billion for the quarter.

DSM Capital Partners LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,567 shares of the business services provider's stock after selling 865 shares during the period. Booking accounts for about 1.6% of DSM Capital Partners LLC's holdings, making the stock its 21st biggest position. DSM Capital Partners LLC owned approximately 0.06% of Booking worth $107,489,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC increased its position in Booking by 1.2% in the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock valued at $809,000 after acquiring an additional 2 shares during the period. WNY Asset Management LLC increased its position in Booking by 3.7% in the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider's stock valued at $258,000 after acquiring an additional 2 shares during the period. Gries Financial LLC increased its position in Booking by 1.6% in the 1st quarter. Gries Financial LLC now owns 125 shares of the business services provider's stock valued at $576,000 after acquiring an additional 2 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in Booking by 0.5% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock valued at $1,854,000 after acquiring an additional 2 shares during the period. Finally, Nicolet Advisory Services LLC increased its position in Booking by 0.8% in the 1st quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider's stock valued at $1,070,000 after acquiring an additional 2 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Analysts Set New Price Targets

BKNG has been the topic of several recent analyst reports. Truist Financial boosted their target price on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a research report on Monday, July 14th. Citigroup boosted their target price 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. Wedbush reiterated a "neutral" rating and set a $5,900.00 target price on shares of Booking in a research report on Wednesday, July 30th. Morgan Stanley set a $5,650.00 target price on Booking and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Bank of America boosted their target price 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. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, Booking currently has an average rating of "Moderate Buy" and a consensus price target of $5,808.81.

Booking Price Performance

BKNG opened at $5,164.93 on Friday. The stock has a market cap of $167.40 billion, a P/E ratio of 35.92, a P/E/G ratio of 1.61 and a beta of 1.35. The stock's 50 day simple moving average is $5,492.50 and its 200 day simple moving average is $5,317.27. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41.

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, topping analysts' consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion for 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 company's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. Research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $9.60 dividend. The ex-dividend date was 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 is currently 26.71%.

Insider Buying and Selling

In related news, 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 value of $352,755.20. Following the sale, the director owned 131 shares in the company, valued at $722,045.80. This represents a 32.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the sale, the chief executive officer owned 23,607 shares in the company, valued at approximately $130,237,930.44. This represents a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,195 shares of company stock worth $23,467,630 in the last quarter. Company insiders own 0.16% of the company's stock.

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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