Lbp Am Sa Reduces Holdings in Booking Holdings Inc. $BKNG

Key Points

• Lbp Am Sa reduced its holdings in Booking Holdings Inc. by 33.4% in Q2, now owning 2,264 shares valued at approximately $13.1 million.
• Insider activity includes CEO Glenn D. Fogel selling 1,013 shares for nearly $5.6 million, resulting in a 4.11% decrease in his position.
• Booking's stock has seen a 1.0% decrease recently, with a current price of $5,399.27 and an overall market cap of $175 billion.

Lbp Am Sa decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 33.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,264 shares of the business services provider's stock after selling 1,134 shares during the period. Lbp Am Sa's holdings in Booking were worth $13,107,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKNG. Wealth Preservation Advisors LLC purchased a new stake in Booking during the 1st quarter worth $28,000. Atwood & Palmer Inc. purchased a new stake in Booking during the 2nd quarter worth $29,000. Keystone Global Partners LLC purchased a new stake in Booking during the 1st quarter worth $32,000. O Brien Wealth Partners LLC bought a new stake in shares of Booking in the 2nd quarter worth about $35,000. Finally, First PREMIER Bank increased its position in shares of Booking by 100.0% in the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock worth $35,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company'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 completion of the transaction, the chief executive officer owned 23,607 shares in the company, valued at approximately $130,237,930.44. This represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vanessa Ames Wittman sold 15 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total transaction 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 trade represents a 1.97% 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 worth $23,467,630 over the last quarter. 0.16% of the stock is owned by company insiders.

Booking Stock Down 1.0%

BKNG opened at $5,399.27 on Wednesday. The firm has a market cap of $174.99 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39. Booking Holdings Inc. has a fifty-two week low of $4,060.98 and a fifty-two week high of $5,839.41. The company's 50-day moving average price is $5,541.46 and its 200 day moving average price is $5,284.60.

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

Booking Announces Dividend

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

Wall Street Analyst Weigh In

BKNG has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Truist Financial boosted their target price on shares of Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a research report on Monday, July 14th. Evercore ISI boosted their target price 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. BMO Capital Markets reissued an "outperform" rating and issued a $6,000.00 target price (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Bank of America boosted their target price on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $5,807.89.

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.

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.