Booking Holdings Inc. $BKNG Shares Sold by FORA Capital LLC

Key Points

• FORA Capital LLC reduced its holdings in Booking Holdings Inc. by 58.6%, leaving them with 1,277 shares worth approximately $5.88 million as of the latest SEC filing.
• Booking reported earnings of $55.40 per share for the last quarter, significantly exceeding analysts' expectations, with a revenue of $6.80 billion and a year-over-year revenue increase of 16%.
• The company announced a quarterly dividend of $9.60 per share, with an annualized rate of $38.40, resulting in a yield of 0.7% and a payout ratio of 26.71%.

FORA Capital LLC lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 58.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,277 shares of the business services provider's stock after selling 1,810 shares during the period. FORA Capital LLC's holdings in Booking were worth $5,883,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BKNG. Brighton Jones LLC lifted its holdings in shares of Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Booking during the 4th quarter valued at $209,000. Integrated Wealth Concepts LLC lifted its holdings in shares of Booking by 34.4% during the 4th quarter. Integrated Wealth Concepts LLC now owns 395 shares of the business services provider's stock valued at $1,961,000 after purchasing an additional 101 shares during the last quarter. Fire Capital Management LLC purchased a new stake in shares of Booking during the 4th quarter valued at $248,000. Finally, Northern Trust Corp lifted its holdings in shares of Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after purchasing an additional 58,357 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Wall Street Analyst Weigh In

BKNG has been the topic of several research analyst reports. Susquehanna boosted their price target on Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Citigroup boosted their price target on Booking from $5,560.00 to $6,500.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Truist Financial boosted their price target on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a research note on Monday, July 14th. B. Riley reiterated a "buy" rating and set a $6,700.00 price target (up previously from $6,100.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, Piper Sandler reiterated a "neutral" rating and set a $5,750.00 price target (up previously from $5,077.00) 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 assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $5,781.04.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business'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 transaction of $5,548,089.57. Following the transaction, the chief executive officer directly owned 24,620 shares in the company, valued at $134,841,031.80. The trade was a 3.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 4,052 shares of company stock worth $22,511,858. Insiders own 0.16% of the company's stock.

Booking Trading Down 0.9%

Shares of NASDAQ BKNG traded down $52.94 during trading on Friday, reaching $5,599.05. 138,885 shares of the company traded hands, compared to its average volume of 179,989. The firm's fifty day simple moving average is $5,612.10 and its 200 day simple moving average is $5,181.88. The stock has a market cap of $181.47 billion, a P/E ratio of 38.94, a PEG ratio of 1.61 and a beta of 1.41. Booking Holdings Inc. has a 12-month low of $3,700.97 and a 12-month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion during 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 company's revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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

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.