Booking Holdings Inc. $BKNG Shares Sold by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC has reduced its stake in Booking Holdings by 2.2%, now owning 6,931 shares worth approximately $31.9 million.
• Analysts have a generally positive outlook on Booking, with the average target price set at $5,808.81 and multiple ratings ranging from "neutral" to "strong buy."
• Booking announced a quarterly dividend of $9.60 per share, indicating a yield of 0.7% for investors of record by September 5th.

Great Lakes Advisors LLC cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 6,931 shares of the business services provider's stock after selling 155 shares during the period. Great Lakes Advisors LLC's holdings in Booking were worth $31,931,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Preservation Advisors LLC acquired a new position in Booking during the 1st quarter worth approximately $28,000. Keystone Global Partners LLC acquired a new position in Booking during the 1st quarter worth approximately $32,000. Activest Wealth Management lifted its position 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 acquired a new position in shares of Booking in the 1st quarter valued at approximately $41,000. Finally, WPG Advisers LLC acquired a new position in shares of Booking in the 1st quarter valued at approximately $41,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BKNG has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on Booking from $5,411.00 to $5,418.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Wedbush reaffirmed a "neutral" rating and issued a $5,900.00 target price on shares of Booking in a research report on Wednesday, July 30th. Hsbc Global Res raised 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 report on Wednesday, July 30th. Finally, Erste Group Bank raised Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and an average target price of $5,808.81.

Booking Trading Down 1.4%

BKNG stock opened at $5,505.80 on Monday. The firm has a market cap of $178.44 billion, a P/E ratio of 38.29, a P/E/G ratio of 1.59 and a beta of 1.39. Booking Holdings Inc. has a 12-month low of $3,700.97 and a 12-month high of $5,839.41. The stock's 50 day simple moving average is $5,615.88 and its 200 day simple moving average is $5,200.02.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly 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 business had revenue of $6.80 billion for the quarter, compared to analyst estimates 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 was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking's dividend payout ratio is presently 26.71%.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction on Friday, August 15th. The stock was 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 in the company, valued at $134,841,031.80. This represents a 3.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 4,052 shares of company stock worth $22,511,858. 0.16% of the stock is owned by corporate 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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