Litman Gregory Wealth Management LLC Sells 68 Shares of Booking Holdings Inc. $BKNG

Key Points

• Litman Gregory Wealth Management LLC reduced its investment in Booking Holdings Inc. by 2.7% during Q2 by selling 68 shares, maintaining a total of 2,455 shares worth approximately $14.2 million.
• Booking Holdings reported strong Q2 earnings, with $55.40 EPS, exceeding expectations and showing a revenue increase of 16% year over year to $6.8 billion.
• The company declared a quarterly dividend of $9.60, resulting in an annual yield of 0.7% and a payout ratio of 26.71%.

Litman Gregory Wealth Management LLC reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,455 shares of the business services provider's stock after selling 68 shares during the quarter. Booking accounts for about 1.1% of Litman Gregory Wealth Management LLC's investment portfolio, making the stock its 22nd biggest holding. Litman Gregory Wealth Management LLC's holdings in Booking were worth $14,214,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BKNG. Relyea Zuckerberg Hanson LLC raised its holdings in Booking by 16.7% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 63 shares of the business services provider's stock worth $365,000 after acquiring an additional 9 shares during the last quarter. Valley National Advisers Inc. increased its holdings in shares of Booking by 77.8% in the 2nd quarter. Valley National Advisers Inc. now owns 32 shares of the business services provider's stock worth $187,000 after purchasing an additional 14 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Booking by 10.4% in the second quarter. Valeo Financial Advisors LLC now owns 328 shares of the business services provider's stock worth $1,897,000 after purchasing an additional 31 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Booking by 4.7% during the second quarter. DAVENPORT & Co LLC now owns 585 shares of the business services provider's stock valued at $3,386,000 after purchasing an additional 26 shares in the last quarter. Finally, Grimes & Company Inc. purchased a new stake in shares of Booking during the second quarter valued at $239,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Price Performance

BKNG stock opened at $5,418.05 on Monday. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The business has a 50 day simple moving average of $5,524.95 and a two-hundred day simple moving average of $5,307.41. The company has a market capitalization of $175.60 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 1.56 and a beta of 1.35.

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 (EPS) for the quarter, beating the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter last year, the business posted $41.90 earnings per share. The company's revenue for the quarter was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BKNG shares. B. Riley reissued a "buy" rating and issued a $6,700.00 target price (up previously from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Piper Sandler reiterated a "neutral" rating and issued a $5,750.00 price target (up from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. BMO Capital Markets reissued an "outperform" rating and set a $6,000.00 price objective (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Evercore ISI raised their target price on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Mizuho began coverage on shares of Booking in a research report on Monday, September 29th. They issued a "neutral" rating and a $5,975.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $5,807.89.

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the director owned 747 shares of the company's stock, valued at $4,108,500. This represents a 1.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,195 shares of company stock valued at $23,467,630 in the last 90 days. Insiders own 0.16% of the company's stock.

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.

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