Thomasville National Bank Has $61.42 Million Position in Booking Holdings Inc. $BKNG

Key Points

• Thomasville National Bank has reduced its stake in Booking Holdings Inc. by 3.9%, now holding a total of 10,610 shares valued at approximately $61.42 million.
• Booking Holdings recently reported earnings of $55.40 EPS, surpassing estimates, with revenues of $6.80 billion for the quarter, a 16% increase year-over-year.
• The company has declared a quarterly dividend of $9.60 per share, representing a yield of 0.7%, with payment scheduled for September 30th.

Thomasville National Bank lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,610 shares of the business services provider's stock after selling 431 shares during the quarter. Booking comprises about 4.2% of Thomasville National Bank's holdings, making the stock its 3rd biggest holding. Thomasville National Bank's holdings in Booking were worth $61,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Atwood & Palmer Inc. purchased a new position in Booking in the second quarter worth $29,000. Wealth Preservation Advisors LLC purchased a new position in shares of Booking during the 1st quarter worth approximately $28,000. O Brien Wealth Partners LLC purchased a new position in Booking during the second quarter worth $35,000. Keystone Global Partners LLC purchased a new stake in Booking during the 1st quarter worth about $32,000. Finally, Activest Wealth Management grew its holdings 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 worth $37,000 after buying an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. BTIG Research reissued a "buy" rating and set a $6,250.00 price objective on shares of Booking in a research note on Thursday, September 4th. Piper Sandler reissued a "neutral" rating and set a $5,750.00 price target (up previously from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted their target price on Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Barclays boosted their target price on Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, Susquehanna boosted their price objective on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5,808.81.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 23,607 shares of the company's stock, valued at approximately $130,237,930.44. This represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry Quinlan sold 64 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the sale, the director directly owned 131 shares of the company's stock, valued at $722,045.80. This represents a 32.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,195 shares of company stock valued at $23,467,630 in the last ninety days. 0.16% of the stock is owned by insiders.

Booking Stock Up 0.2%

BKNG stock traded up $13.03 during trading on Tuesday, hitting $5,470.16. The company had a trading volume of 55,299 shares, compared to its average volume of 241,612. The stock has a market cap of $177.29 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 1.57 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 firm has a 50-day moving average price of $5,564.68 and a 200-day moving average price of $5,244.30.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. Booking's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Equities analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $9.60 dividend. 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 dividend payout ratio is 26.71%.

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.