US Bancorp DE Sells 16,646 Shares of Booking Holdings Inc. $BKNG

Key Points

• US Bancorp DE has reduced its holdings in Booking Holdings Inc. by 42.4%, selling 16,646 shares in the second quarter, now owning approximately 0.07% of the company, valued at about $130.98 million.
• Booking Holdings reported earnings of $55.40 per share for the last quarter, exceeding analysts' expectations of $50.32, with quarterly revenue up 16.0% year-over-year.
• The company has announced a quarterly dividend of $9.60 per share, representing an annualized amount of $38.40 and a 0.7% dividend yield.

US Bancorp DE trimmed its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 42.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,623 shares of the business services provider's stock after selling 16,646 shares during the quarter. US Bancorp DE owned approximately 0.07% of Booking worth $130,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Wealth Preservation Advisors LLC bought a new position in shares of Booking during the first quarter worth about $28,000. Atwood & Palmer Inc. bought a new stake in Booking in the second quarter worth approximately $29,000. Keystone Global Partners LLC bought a new stake in Booking in the first quarter worth approximately $32,000. O Brien Wealth Partners LLC bought a new stake in Booking in the second quarter worth approximately $35,000. Finally, First PREMIER Bank increased its holdings in Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock worth $35,000 after purchasing an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

Shares of Booking stock opened at $5,131.23 on Thursday. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The stock has a 50 day moving average price of $5,503.17 and a two-hundred day moving average price of $5,311.28. The stock has a market capitalization of $166.30 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 1.51 and a beta of 1.35.

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 (EPS) for the quarter, beating the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion for 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%.Booking's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the transaction, the chief executive officer owned 24,620 shares of the company's stock, valued at $134,841,031.80. The trade was a 3.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Larry Quinlan sold 64 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total value of $357,575.04. Following the completion of the transaction, the director directly owned 195 shares in the company, valued at approximately $1,089,486.45. This represents a 24.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,195 shares of company stock valued at $23,467,630 over the last 90 days. Insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BKNG. Wedbush reiterated a "neutral" rating and issued a $5,900.00 target price on shares of Booking in a report on Wednesday, July 30th. Morgan Stanley set a $5,650.00 target price on Booking and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Barclays lifted 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. UBS Group lifted their target price on Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $6,000.00 target price (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and a consensus target price 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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