Parallel Advisors LLC Lowers Stock Holdings in Booking Holdings Inc. $BKNG

Key Points

• Parallel Advisors LLC reduced its stake in Booking Holdings Inc. by 5.0%, now holding 2,927 shares valued at approximately $16.94 million.
• Booking Holdings reported earnings of $55.40 EPS for the last quarter, exceeding analysts' expectations by $5.08 with a revenue of $6.80 billion.
• The company declared a quarterly dividend of $9.60 per share, with a yield of 0.7%, to be paid on September 30th to shareholders of record.

Parallel Advisors LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 5.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,927 shares of the business services provider's stock after selling 155 shares during the period. Parallel Advisors LLC's holdings in Booking were worth $16,943,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BKNG. Wealth Preservation Advisors LLC bought a new stake in shares of Booking during the first quarter valued at approximately $28,000. Keystone Global Partners LLC bought a new stake in shares of Booking during the first quarter valued at approximately $32,000. Activest Wealth Management increased its position in shares of Booking by 300.0% during the first quarter. Activest Wealth Management now owns 8 shares of the business services provider's stock valued at $37,000 after acquiring an additional 6 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in Booking in the 1st quarter worth approximately $41,000. Finally, WPG Advisers LLC bought a new stake in Booking in the 1st quarter worth approximately $41,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Down 0.7%

Shares of BKNG stock opened at $5,458.32 on Monday. The company's fifty day simple moving average is $5,594.00 and its two-hundred day simple moving average is $5,217.83. The stock has a market cap of $176.90 billion, a P/E ratio of 37.96, a PEG ratio of 1.57 and a beta of 1.39. Booking Holdings Inc. has a 52 week low of $3,894.51 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results 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. The firm had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business's revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. DA Davidson boosted their price objective on shares of Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Hsbc Global Res raised shares of Booking to a "strong-buy" rating in a research report on Thursday, July 17th. UBS Group boosted their price objective on shares of Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Three investment 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 stock. Based on data from MarketBeat, Booking has an average rating of "Moderate Buy" and a consensus target price of $5,808.81.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total transaction 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. This represents a 3.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the company's stock in a transaction dated Monday, September 8th. The shares were 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 in the company, valued at $1,089,486.45. The trade was a 24.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,103 shares of company stock worth $17,443,735 over the last quarter. 0.16% of the stock is currently owned by insiders.

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.

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