Trinity Financial Advisors LLC Boosts Holdings in Booking Holdings Inc. $BKNG

Key Points

• Trinity Financial Advisors LLC increased its holdings in Booking Holdings Inc. by 356.4% during Q2, acquiring an additional 360 shares to total 461 shares, valued at approximately $2.67 million.
• Booking's quarterly earnings beat expectations with an EPS of $55.40, surpassing analyst estimates of $50.32, and the company reported a revenue increase of 16% year-over-year.
• The firm announced a quarterly dividend of $9.60 per share, representing an annualized yield of 0.7%, with an ex-dividend date of September 5th.

Trinity Financial Advisors LLC grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 356.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 461 shares of the business services provider's stock after acquiring an additional 360 shares during the quarter. Booking accounts for approximately 0.8% of Trinity Financial Advisors LLC's holdings, making the stock its 26th biggest holding. Trinity Financial Advisors LLC's holdings in Booking were worth $2,670,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BKNG. Brighton Jones LLC grew its holdings in shares of Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Booking in the fourth quarter worth approximately $209,000. Fire Capital Management LLC bought a new position in shares of Booking in the fourth quarter worth approximately $248,000. Graham Capital Management L.P. bought a new position in shares of Booking in the fourth quarter worth approximately $224,000. Finally, Silvercrest Asset Management Group LLC grew its holdings in shares of Booking by 3.2% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 325 shares of the business services provider's stock worth $1,615,000 after purchasing an additional 10 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Trading Down 0.7%

Shares of BKNG stock opened at $5,458.32 on Friday. 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 cap of $176.90 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39. The company's fifty day moving average price is $5,594.00 and its 200-day moving average price is $5,215.75.

Booking (NASDAQ:BKNG - Get Free Report) last announced its 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 for the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter in the previous year, the business posted $41.90 EPS. The company's quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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

Wall Street Analyst Weigh In

BKNG has been the topic of several recent analyst reports. DA Davidson raised their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Susquehanna lifted their price target on shares of Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a report on Friday, August 1st. Piper Sandler restated a "neutral" rating and issued a $5,750.00 price objective (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Barclays upped their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, Cantor Fitzgerald restated a "neutral" rating on shares of Booking in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5,808.81.

Insiders Place Their Bets

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction on 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 owned 24,620 shares in the company, valued at approximately $134,841,031.80. The trade was a 3.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Larry Quinlan sold 64 shares of the business's stock in a transaction on 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 in the company, valued at approximately $1,089,486.45. This trade represents a 24.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,116 shares of company stock worth $22,869,434. Company 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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