Booking Holdings Inc. $BKNG Shares Sold by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp reduced its stake in Booking Holdings Inc. by 45.9%, now holding 2,700 shares valued at approximately $12.44 million.
• Booking reported a 55.40 EPS for the most recent quarter, exceeding analysts' expectations, with a revenue of $6.80 billion, up 16% year-over-year.
• The company announced a quarterly dividend of $9.60 per share with an ex-dividend date on September 5, representing a 0.7% yield.

Jones Financial Companies Lllp trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 45.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,700 shares of the business services provider's stock after selling 2,294 shares during the period. Jones Financial Companies Lllp's holdings in Booking were worth $12,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in BKNG. Brighton Jones LLC raised its holdings in Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after purchasing an additional 65 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Booking in the 4th quarter valued at $209,000. Fire Capital Management LLC acquired a new stake in Booking during the 4th quarter worth $248,000. Graham Capital Management L.P. purchased a new stake in Booking in the fourth quarter valued at $224,000. Finally, Minot DeBlois Advisors LLC acquired a new position in Booking in the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the completion of the sale, the chief executive officer directly owned 24,620 shares of the company's stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 4,052 shares of company stock worth $22,511,858. Corporate insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Piper Sandler reiterated a "neutral" rating and set a $5,750.00 target price (up previously from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price target on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. 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 report on Wednesday, July 30th. Truist Financial raised their target price on shares of Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a research report on Monday, July 14th. Finally, Morgan Stanley set a $5,650.00 price target on shares of Booking and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and an average target price of $5,808.81.

Booking Price Performance

Shares of NASDAQ BKNG opened at $5,569.70 on Tuesday. The company has a market cap of $180.51 billion, a PE ratio of 38.73, a P/E/G ratio of 1.59 and a beta of 1.39. The stock has a fifty day moving average price of $5,611.49 and a 200 day moving average price of $5,204.07. Booking Holdings Inc. has a 1-year low of $3,718.58 and a 1-year 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 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 company had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter last year, the business earned $41.90 EPS. The business's revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently announced 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 is Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking's payout ratio is presently 26.71%.

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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