Capital Insight Partners LLC Trims Stake in Booking Holdings Inc. $BKNG

Key Points

• Capital Insight Partners LLC reduced its stake in Booking Holdings Inc. by 6.9% during the second quarter, maintaining 1,556 shares which constitute approximately 1.6% of its investment portfolio.
• Booking reported a quarterly earnings per share of $55.40, surpassing analysts' estimates and showing a 16.0% year-over-year revenue growth, totaling $6.80 billion for the quarter.
• The company announced a quarterly dividend of $9.60 per share, reflecting a dividend yield of 0.7% and a payout ratio of 26.71%.

Capital Insight Partners LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,556 shares of the business services provider's stock after selling 115 shares during the quarter. Booking makes up approximately 1.6% of Capital Insight Partners LLC's investment portfolio, making the stock its 19th largest position. Capital Insight Partners LLC's holdings in Booking were worth $9,008,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Moody Lynn & Lieberson LLC acquired a new stake in shares of Booking during the 2nd quarter worth approximately $249,000. Overbrook Management Corp boosted its holdings in Booking by 49.5% during the second quarter. Overbrook Management Corp now owns 3,314 shares of the business services provider's stock worth $19,186,000 after buying an additional 1,098 shares in the last quarter. Smith Salley Wealth Management boosted its holdings in Booking by 20.4% during the second quarter. Smith Salley Wealth Management now owns 473 shares of the business services provider's stock worth $2,740,000 after buying an additional 80 shares in the last quarter. Symmetry Partners LLC acquired a new stake in Booking during the second quarter valued at $224,000. Finally, Tritonpoint Wealth LLC increased its holdings in Booking by 13.0% in the second quarter. Tritonpoint Wealth LLC now owns 61 shares of the business services provider's stock valued at $353,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Trading Down 0.5%

NASDAQ:BKNG opened at $5,548.00 on Monday. The stock has a 50 day moving average of $5,553.44 and a two-hundred day moving average of $5,276.88. Booking Holdings Inc. has a 12 month low of $4,060.98 and a 12 month high of $5,839.41. The firm has a market cap of $179.81 billion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 1.60 and a beta of 1.39.

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

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued 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 dividend yield of 0.7%. Booking's dividend payout ratio is presently 26.71%.

Analysts Set New Price Targets

BKNG has been the topic of several recent analyst reports. Benchmark reissued a "buy" rating and set a $6,200.00 target price (up from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. B. Riley reaffirmed a "buy" rating and issued a $6,700.00 price target (up previously from $6,100.00) on shares of Booking in a report on Wednesday, July 30th. Wedbush reiterated a "neutral" rating and set a $5,900.00 price target on shares of Booking in a research report on Wednesday, July 30th. Erste Group Bank upgraded Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Finally, UBS Group upped their target price on Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the transaction, the chief executive officer directly owned 23,607 shares of the company's stock, valued at approximately $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Larry Quinlan sold 64 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the transaction, the director owned 131 shares in the company, valued at $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,195 shares of company stock worth $23,467,630 over the last three months. Insiders own 0.16% of the company's stock.

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.

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.