Glenn Fogel Sells 625 Shares of Booking (NASDAQ:BKNG) Stock

Key Points

• CEO Glenn Fogel sold 625 shares of Booking Holdings Inc. at an average price of $5,141.53, reducing his ownership by 2.65% after the sale, leaving him with 22,982 shares valued at approximately $118 million.
• Booking's stock price fell 2.5% to $4,952.31, with a trading volume surpassing its average, while the company's market capitalization stands at $160.50 billion.
• Analysts have raised their price targets for Booking shares, with Susquehanna's target reaching $6,500.00 and a consensus rating of Moderate Buy among 33 analysts.

Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) CEO Glenn Fogel sold 625 shares of Booking stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the completion of the transaction, the chief executive officer directly owned 22,982 shares of the company's stock, valued at $118,162,642.46. This represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Booking Trading Down 2.5%

Shares of Booking stock traded down $128.55 during trading on Thursday, reaching $4,952.31. The company's stock had a trading volume of 305,646 shares, compared to its average volume of 242,305. The stock has a 50-day moving average price of $5,475.39 and a two-hundred day moving average price of $5,327.37. The stock has a market capitalization of $160.50 billion, a P/E ratio of 34.44, a price-to-earnings-growth ratio of 1.64 and a beta of 1.35. Booking Holdings Inc. has a one year low of $4,096.23 and a one year 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 for the quarter, topping the consensus estimate of $50.32 by $5.08. The firm 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 company's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a dividend of $9.60 per share. The ex-dividend date was Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. Booking's payout ratio is presently 26.71%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BKNG shares. Susquehanna increased their price target on Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Evercore ISI increased their target price on Booking from $5,500.00 to $6,250.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Benchmark restated a "buy" rating and set a $6,200.00 target price (up previously from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Royal Bank Of Canada upped their price target on Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, DA Davidson increased their price target on shares of Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $5,808.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC lifted its position in Booking by 150.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider's stock valued at $27,000 after acquiring an additional 3 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of Booking in the 1st quarter valued at about $28,000. Atwood & Palmer Inc. bought a new stake in shares of Booking in the second quarter valued at about $29,000. Westside Investment Management Inc. boosted its position in shares of Booking by 400.0% during the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider's stock worth $29,000 after buying an additional 4 shares during the period. Finally, Keystone Global Partners LLC acquired a new position in shares of Booking during the first quarter worth about $32,000. Institutional investors and hedge funds own 92.42% 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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