Forte Capital LLC ADV Sells 60 Shares of Booking Holdings Inc. $BKNG

Key Points

• Forte Capital LLC ADV decreased its stake in Booking Holdings Inc. by 2.1%, selling 60 shares during the second quarter, resulting in a total ownership of 2,742 shares valued at approximately $15.88 million.
• A number of research firms have upgraded their price targets for Booking Holdings, with Evercore ISI raising its target from $5,500 to $6,250 and maintaining an "outperform" rating.
• Booking announced a quarterly dividend payment of $9.60 per share, representing a yield of 0.7%, scheduled for distribution on September 30th.

Forte Capital LLC ADV cut its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,742 shares of the business services provider's stock after selling 60 shares during the quarter. Booking comprises approximately 1.7% of Forte Capital LLC ADV's holdings, making the stock its 17th biggest position. Forte Capital LLC ADV's holdings in Booking were worth $15,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BKNG. Brighton Jones LLC grew its stake in shares of Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after buying an additional 65 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in Booking during the fourth quarter worth $209,000. Fire Capital Management LLC bought a new position in Booking during the fourth quarter worth $248,000. Toronto Dominion Bank boosted its position in Booking by 17.5% during the fourth quarter. Toronto Dominion Bank now owns 15,316 shares of the business services provider's stock worth $76,093,000 after purchasing an additional 2,276 shares during the period. Finally, Forum Financial Management LP boosted its position in Booking by 32.9% during the fourth quarter. Forum Financial Management LP now owns 101 shares of the business services provider's stock worth $502,000 after purchasing an additional 25 shares during the period. 92.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on BKNG. Evercore ISI lifted their price objective on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. BTIG Research reaffirmed a "buy" rating and set a $6,250.00 price objective on shares of Booking in a research report on Thursday, September 4th. Erste Group Bank raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. BMO Capital Markets reaffirmed an "outperform" rating and set a $6,000.00 price objective (up from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Morgan Stanley set a $5,650.00 target price on Booking and gave the stock an "equal weight" rating in a 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $5,808.81.

Booking Trading Up 0.2%

Shares of NASDAQ BKNG opened at $5,457.13 on Tuesday. The company has a market cap of $176.87 billion, a price-to-earnings ratio of 37.95, a PEG 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 stock has a 50-day moving average price of $5,564.68 and a two-hundred day moving average price of $5,244.30.

Booking (NASDAQ:BKNG - Get Free Report) last issued 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. The firm 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%.The business's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict 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. Shareholders of record on Friday, September 5th will be paid a dividend of $9.60 per share. The ex-dividend date of this dividend 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%.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the sale, the chief executive officer directly owned 23,607 shares in the company, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 value of $352,755.20. Following the sale, the director owned 131 shares in the company, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,195 shares of company stock worth $23,467,630. 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.

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