MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 364 Shares of Booking Holdings Inc. $BKNG

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its stake in Booking Holdings Inc. by 3.8%, selling 364 shares and maintaining ownership of 9,265 shares, valued at approximately $53.6 million.
• Insiders, including Director Vanessa Ames Wittman and CEO Glenn D. Fogel, sold shares of Booking, highlighting notable transactions that saw Fogel sell over $5.5 million worth of stock.
• Booking recently declared a $9.60 per share quarterly dividend, which will be paid on September 30th, reflecting a 0.7% yield and a dividend payout ratio of 26.71%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,265 shares of the business services provider's stock after selling 364 shares during the quarter. Booking comprises 1.5% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings, making the stock its 26th biggest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Booking were worth $53,637,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKNG. Wealth Preservation Advisors LLC bought a new stake in Booking during the 1st quarter worth about $28,000. Atwood & Palmer Inc. bought a new stake in Booking during the 2nd quarter worth about $29,000. Keystone Global Partners LLC acquired a new position in shares of Booking during the 1st quarter worth about $32,000. O Brien Wealth Partners LLC bought a new stake in shares of Booking in the 2nd quarter valued at about $35,000. Finally, First PREMIER Bank increased its stake 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 valued at $35,000 after acquiring an additional 3 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction on 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the sale, the chief executive officer directly owned 23,607 shares of the company's stock, valued at $130,237,930.44. This represents a 4.11% 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 quarter. 0.16% of the stock is currently owned by insiders.

Booking Trading Up 0.3%

NASDAQ BKNG opened at $5,525.60 on Thursday. The company has a market cap of $179.08 billion, a PE ratio of 38.43, a PEG ratio of 1.59 and a beta of 1.39. Booking Holdings Inc. has a 12 month low of $4,060.98 and a 12 month high of $5,839.41. The stock has a 50 day moving average of $5,558.70 and a 200-day moving average of $5,248.07.

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

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued 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 dividend payout ratio (DPR) is currently 26.71%.

Analyst Ratings Changes

BKNG has been the subject of a number of recent analyst reports. Wedbush reaffirmed a "neutral" rating and issued a $5,900.00 price target on shares of Booking in a research note on Wednesday, July 30th. Piper Sandler reiterated a "neutral" rating and issued a $5,750.00 price objective (up from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. BTIG Research reiterated a "buy" rating and issued a $6,250.00 price objective on shares of Booking in a research report on Thursday, September 4th. Erste Group Bank upgraded Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Finally, Barclays boosted their price objective on Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and an average price target of $5,808.81.

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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