Booking Holdings Inc. $BKNG Shares Sold by Cim LLC

Cim LLC cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 24.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,257 shares of the business services provider’s stock after selling 736 shares during the period. Booking makes up approximately 1.5% of Cim LLC’s holdings, making the stock its 23rd biggest position. Cim LLC’s holdings in Booking were worth $10,398,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Preservation Advisors LLC acquired a new stake in Booking during the first quarter valued at approximately $28,000. Keystone Global Partners LLC purchased a new stake in shares of Booking in the 1st quarter valued at approximately $32,000. Activest Wealth Management lifted its position in shares of Booking by 300.0% in the 1st quarter. Activest Wealth Management now owns 8 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 6 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Booking in the 1st quarter valued at approximately $41,000. Finally, WPG Advisers LLC purchased a new stake in shares of Booking in the 1st quarter valued at approximately $41,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on BKNG. BMO Capital Markets restated an “outperform” rating and issued a $6,000.00 price target (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Hsbc Global Res upgraded shares of Booking to a “strong-buy” rating in a research report on Thursday, July 17th. UBS Group upped their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Truist Financial upped their price target on shares of Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a research report on Monday, July 14th. Finally, Evercore ISI upped their price target on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5,808.81.

Booking Stock Up 0.4%

BKNG stock opened at $5,498.00 on Friday. Booking Holdings Inc. has a 12-month low of $3,813.88 and a 12-month high of $5,839.41. The company has a market cap of $178.19 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 1.58 and a beta of 1.39. The company has a 50 day moving average of $5,599.28 and a two-hundred day moving average of $5,211.57.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter in the prior year, the firm earned $41.90 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. On average, research analysts anticipate 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 will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s dividend payout ratio is 26.71%.

Insiders Place Their Bets

In other news, Director Larry Quinlan sold 64 shares of the firm’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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm’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 transaction, the chief executive officer owned 24,620 shares in the company, valued at $134,841,031.80. This represents a 3.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,116 shares of company stock worth $22,869,434 in the last 90 days. 0.16% of the stock is owned by insiders.

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.