SteelPeak Wealth LLC Sells 2,086 Shares of Booking Holdings Inc. $BKNG

Key Points

• SteelPeak Wealth LLC significantly reduced its stake in Booking Holdings Inc. by 85.1%, selling 2,086 shares during the second quarter.
• Booking reported impressive quarterly earnings of $55.40 EPS, exceeding analysts' expectations of $50.32, alongside a revenue of $6.80 billion.
• The company declared a quarterly dividend of $9.60, yielding 0.7%, with a dividend payout ratio currently at 26.71%.

SteelPeak Wealth LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 85.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 366 shares of the business services provider's stock after selling 2,086 shares during the quarter. SteelPeak Wealth LLC's holdings in Booking were worth $2,119,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC increased its stake in Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after buying an additional 39 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Booking in the 1st quarter worth $203,000. United Services Automobile Association purchased a new stake in Booking in the 1st quarter worth $3,592,000. Overbrook Management Corp increased its stake 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 in the last quarter. Finally, Perigon Wealth Management LLC increased its stake in Booking by 9.4% in the 1st quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock worth $1,281,000 after buying an additional 24 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Trading Down 3.3%

Shares of NASDAQ:BKNG opened at $5,242.00 on Wednesday. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The company has a 50-day moving average price of $5,512.80 and a 200 day moving average price of $5,312.53. The company has a market cap of $169.89 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 1.56 and a beta of 1.35.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter last year, the firm earned $41.90 EPS. The firm'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. As a group, equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $9.60 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking's dividend payout ratio (DPR) is presently 26.71%.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of analyst reports. Piper Sandler reiterated a "neutral" rating and issued a $5,750.00 price target (up previously from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Wells Fargo & Company raised their price objective on Booking from $5,418.00 to $5,443.00 and gave the company an "equal weight" rating in a research report on Monday. BTIG Research restated a "buy" rating and set a $6,250.00 price objective on shares of Booking in a research report on Thursday, September 4th. Cantor Fitzgerald restated a "neutral" rating on shares of Booking in a research report on Wednesday, July 30th. Finally, Weiss Ratings restated a "buy (b+)" rating on shares of Booking in a research report on Saturday, September 27th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $5,808.81.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the completion of the transaction, the chief executive officer owned 24,620 shares of the company's stock, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the completion of the sale, the director directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 4,195 shares of company stock valued at $23,467,630. 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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