Mn Services Vermogensbeheer B.V. Sells 500 Shares of Booking Holdings Inc. $BKNG

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in Booking Holdings Inc. by 3.9%, holding 12,302 shares valued at approximately $71.2 million after selling 500 shares during the second quarter.
• Insider transactions were noted, with Director Vanessa Ames Wittman selling 15 shares and Director Larry Quinlan selling 64 shares, representing significant decreases in their respective holdings.
• Equities analysts have recently been optimistic, with several lifting their target prices for Booking shares, with Evercore ISI increasing its target from $5,500 to $6,250 and UBS Group from $5,750 to $6,300.

Mn Services Vermogensbeheer B.V. lessened its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,302 shares of the business services provider's stock after selling 500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Booking were worth $71,219,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kingswood Wealth Advisors LLC grew its position in shares of Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after acquiring an additional 39 shares during the period. International Assets Investment Management LLC bought a new position in shares of Booking in the 1st quarter valued at about $203,000. United Services Automobile Association bought a new position in shares of Booking in the 1st quarter valued at about $3,592,000. Perigon Wealth Management LLC boosted its holdings in shares of Booking by 9.4% during the 1st quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock worth $1,281,000 after buying an additional 24 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Booking by 13.2% during the 1st quarter. GAMMA Investing LLC now owns 513 shares of the business services provider's stock worth $2,363,000 after buying an additional 60 shares during the period. Institutional investors own 92.42% of the company's stock.

Analyst Ratings Changes

BKNG has been the subject of several research analyst reports. Susquehanna lifted their target price on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Bank of America lifted their target price on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Truist Financial lifted their target price on shares of Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a report on Monday, July 14th. Wells Fargo & Company lifted their target price on shares of Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Finally, Erste Group Bank raised shares of Booking from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Three research 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $5,808.81.

Booking Trading Up 0.2%

NASDAQ BKNG traded up $12.69 during trading on Monday, reaching $5,457.13. The company's stock had a trading volume of 214,392 shares, compared to its average volume of 186,898. The firm has a market capitalization of $176.87 billion, a price-to-earnings ratio of 37.95, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39. Booking Holdings Inc. has a 12 month low of $4,030.69 and a 12 month high of $5,839.41. The firm has a 50 day moving average price of $5,564.68 and a 200 day moving average price of $5,244.30.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given 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 payout ratio is presently 26.71%.

Insider Activity

In related 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 owned 195 shares of the company's stock, valued at $1,089,486.45. This represents a 24.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the completion of the transaction, the director directly owned 747 shares of the company's stock, valued at approximately $4,108,500. The trade was a 1.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,195 shares of company stock worth $23,467,630. 0.16% of the stock is currently owned by corporate insiders.

About Booking

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.