RB Capital Management LLC Takes $754,000 Position in Booking Holdings Inc. $BKNG

Key Points

• RB Capital Management LLC has acquired a new stake in Booking Holdings Inc., purchasing 130 shares valued at approximately $754,000 during the 2nd quarter.
• In recent insider transactions, CEO Glenn D. Fogel sold 1,013 shares worth over $5.5 million, while Director Larry Quinlan sold 64 shares for approximately $357,575.
• Booking Holdings recently announced a quarterly dividend of $9.60 per share, with a dividend yield of 0.7% and a payout ratio of 26.71%.

RB Capital Management LLC acquired a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 130 shares of the business services provider's stock, valued at approximately $754,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Booking by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock valued at $13,620,154,000 after buying an additional 30,054 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Booking by 521,609.7% during the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after purchasing an additional 2,362,892 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Booking by 0.5% during the 1st quarter. Northern Trust Corp now owns 370,327 shares of the business services provider's stock valued at $1,706,063,000 after purchasing an additional 1,699 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Booking by 6.6% during the 1st quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider's stock valued at $1,365,170,000 after purchasing an additional 18,268 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Booking by 3.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider's stock valued at $1,023,655,000 after purchasing an additional 8,015 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Insider Transactions at Booking

In other news, Director Larry Quinlan sold 64 shares of Booking 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 sale, the director owned 195 shares of the company's stock, valued at approximately $1,089,486.45. The trade was a 24.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 sale, the chief executive officer directly owned 24,620 shares in the company, valued at $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 4,116 shares of company stock worth $22,869,434 in the last ninety days. Insiders own 0.16% of the company's stock.

Booking Trading Down 0.7%

BKNG stock opened at $5,458.32 on Friday. The firm's 50-day moving average price is $5,594.00 and its two-hundred day moving average price is $5,215.75. Booking Holdings Inc. has a 12-month low of $3,894.51 and a 12-month high of $5,839.41. The stock has a market capitalization of $176.90 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 1.59 and a beta of 1.39.

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 for the quarter, beating analysts' consensus estimates 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%. The company's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. Equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on BKNG. Evercore ISI increased their target price on shares of Booking from $5,500.00 to $6,250.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Truist Financial increased their target price on shares of Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a report on Monday, July 14th. Morgan Stanley set a $5,650.00 target price on shares of Booking and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Barclays increased their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $5,750.00 target price (up previously from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Booking has a consensus rating of "Moderate Buy" and a consensus target price 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.

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.