Cardinal Capital Management Inc. Sells 252 Shares of Booking Holdings Inc. $BKNG

Key Points

• Cardinal Capital Management Inc. reduced its holding in Booking Holdings Inc. by 3.5%, owning 6,943 shares, which is about 1.3% of its investment portfolio.
• A quarterly dividend of $9.60 has been announced by Booking, with an annualized yield of 0.7%, and will be paid to stockholders on September 30th.
• Analysts have raised price targets for Booking, with most recent targets ranging from $5,650.00 to $6,700.00, reflecting a positive outlook on the stock.

Cardinal Capital Management Inc. cut its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,943 shares of the business services provider's stock after selling 252 shares during the period. Booking comprises about 1.3% of Cardinal Capital Management Inc.'s investment portfolio, making the stock its 23rd largest position. Cardinal Capital Management Inc.'s holdings in Booking were worth $40,195,000 at the end of the most recent reporting period.

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

Booking Trading Up 0.1%

Shares of NASDAQ BKNG traded up $7.48 during mid-day trading on Tuesday, reaching $5,464.61. 99,486 shares of the company's stock were exchanged, compared to its average volume of 241,855. The firm has a market capitalization of $177.11 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 1.57 and a beta of 1.39. The business has a fifty day simple moving average of $5,564.68 and a 200 day simple moving average of $5,244.30. Booking Holdings Inc. has a twelve month low of $4,060.98 and a twelve month high of $5,839.41.

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, topping analysts' consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.Booking's quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the company earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Equities research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $9.60 dividend. 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 (DPR) is currently 26.71%.

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was 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 directly owned 195 shares in the company, valued at $1,089,486.45. This trade represents a 24.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the firm's 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 value of $82,500.00. Following the completion of the transaction, the director owned 747 shares of the company's stock, valued at approximately $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,195 shares of company stock worth $23,467,630 over the last ninety days. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BTIG Research reiterated a "buy" rating and issued a $6,250.00 price target on shares of Booking in a report on Thursday, September 4th. Citigroup raised their price target on Booking from $5,560.00 to $6,500.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Benchmark reissued a "buy" rating and issued a $6,200.00 target price (up previously from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. Bank of America increased their target price on Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Cantor Fitzgerald reissued a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $5,808.81.

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.