Gateway Investment Advisers LLC Sells 478 Shares of Booking Holdings Inc. $BKNG

Key Points

• Gateway Investment Advisers LLC reduced its stake in Booking Holdings Inc. by 4.9%, now holding 9,307 shares valued at approximately $53.88 million.
• Equities analysts have increased their price targets for Booking, with Susquehanna raising it from $6,000 to $6,500 and DA Davidson from $5,750 to $6,500.
• Booking Holdings announced a quarterly dividend of $9.60 per share, payable on September 30th, reflecting a 0.7% dividend yield.

Gateway Investment Advisers LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,307 shares of the business services provider's stock after selling 478 shares during the period. Gateway Investment Advisers LLC's holdings in Booking were worth $53,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC raised its stake in 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 Booking during the 1st quarter worth $203,000. United Services Automobile Association bought a new position in Booking during the 1st quarter worth $3,592,000. Perigon Wealth Management LLC increased its position in 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 increased its position in 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.

Booking Trading Up 0.0%

BKNG stock traded up $1.56 during mid-day trading on Friday, reaching $5,444.44. The company's stock had a trading volume of 420,445 shares, compared to its average volume of 175,646. The company has a market cap of $176.45 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39. The business's 50 day moving average price is $5,570.86 and its 200 day moving average price is $5,235.05. Booking Holdings Inc. has a 12 month low of $3,985.57 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 EPS for the quarter, beating 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 company's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed 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 is Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking's payout ratio is currently 26.71%.

Insider Activity at Booking

In related news, Director Larry Quinlan sold 64 shares of Booking 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 transaction of $357,575.04. Following the transaction, the director owned 195 shares of the company's stock, valued at $1,089,486.45. The trade was a 24.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the transaction, the chief executive officer directly owned 24,620 shares in the company, valued at approximately $134,841,031.80. The trade was a 3.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,195 shares of company stock valued at $23,467,630 over the last 90 days. Insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BKNG. Evercore ISI increased their price objective on Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. B. Riley reissued a "buy" rating and set a $6,700.00 target price (up from $6,100.00) on shares of Booking in a report on Wednesday, July 30th. BMO Capital Markets reissued an "outperform" rating and set a $6,000.00 target price (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Benchmark reaffirmed a "buy" rating and issued a $6,200.00 price objective (up from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company raised their price objective on Booking from $5,411.00 to $5,418.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Booking currently has an average rating of "Moderate Buy" and a consensus target price of $5,808.81.

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.