Securian Asset Management Inc. Sells 53 Shares of Booking Holdings Inc. $BKNG

Key Points

• Securian Asset Management Inc. reduced its stake in Booking Holdings Inc. by 3.0%, selling 53 shares and owning 1,701 shares valued at approximately $9.8 million as of the latest SEC filing.
• Booking's recent quarterly earnings surpassed expectations, with $55.40 EPS reported against a consensus estimate of $50.32, and revenues of $6.80 billion, a 16.0% increase year-over-year.
• The company declared a quarterly dividend of $9.60 per share, representing an annualized yield of 0.7%, following a payout ratio of 26.71%.

Securian Asset Management Inc. trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,701 shares of the business services provider's stock after selling 53 shares during the quarter. Securian Asset Management Inc.'s holdings in Booking were worth $9,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vontobel Holding Ltd. lifted its holdings in Booking by 18.6% in the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider's stock worth $437,284,000 after buying an additional 11,829 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Booking by 20.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider's stock worth $6,090,000 after buying an additional 175 shares during the period. Vest Financial LLC lifted its holdings in Booking by 0.7% in the 2nd quarter. Vest Financial LLC now owns 9,090 shares of the business services provider's stock worth $52,624,000 after buying an additional 61 shares during the period. NorthRock Partners LLC lifted its holdings in Booking by 12.8% in the 2nd quarter. NorthRock Partners LLC now owns 494 shares of the business services provider's stock worth $2,860,000 after buying an additional 56 shares during the period. Finally, Overbrook Management Corp lifted its holdings in Booking by 49.5% in the 2nd quarter. Overbrook Management Corp now owns 3,314 shares of the business services provider's stock worth $19,186,000 after buying an additional 1,098 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Booking

In other Booking news, 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 transaction 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. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the business's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the transaction, the director owned 732 shares of the company's stock, valued at $3,873,729.36. This represents a 2.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,197 shares of company stock worth $17,260,963. 0.16% of the stock is owned by insiders.

Booking Trading Up 1.4%

Shares of NASDAQ:BKNG opened at $5,141.88 on Tuesday. The stock has a fifty day simple moving average of $5,454.63 and a two-hundred day simple moving average of $5,349.06. The stock has a market capitalization of $166.65 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 1.57 and a beta of 1.35. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced 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. The business had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The firm's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.7%. Booking's payout ratio is presently 26.71%.

Analyst Ratings Changes

Several research firms have weighed in on BKNG. Truist Financial increased their price objective on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a report on Monday, July 14th. Benchmark reiterated a "buy" rating and issued a $6,200.00 price objective (up previously from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Royal Bank Of Canada increased their price objective on Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Morgan Stanley set a $5,650.00 price objective on Booking and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Finally, Citigroup raised their target price on Booking from $5,560.00 to $6,500.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and a consensus price target of $5,808.81.

Booking 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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