Booking Holdings Inc. $BKNG Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,456 shares of the business services provider’s stock after selling 629 shares during the quarter. Confluence Investment Management LLC’s holdings in Booking were worth $48,954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Elequin Capital LP boosted its position in shares of Booking by 20.0% during the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider’s stock worth $60,000 after acquiring an additional 2 shares in the last quarter. Fidelis Capital Partners LLC boosted its position in shares of Booking by 1.2% during the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider’s stock worth $809,000 after acquiring an additional 2 shares in the last quarter. WNY Asset Management LLC boosted its position in shares of Booking by 3.7% during the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider’s stock worth $258,000 after acquiring an additional 2 shares in the last quarter. Gries Financial LLC boosted its position in shares of Booking by 1.6% during the 1st quarter. Gries Financial LLC now owns 125 shares of the business services provider’s stock worth $576,000 after acquiring an additional 2 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Booking by 0.5% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,854,000 after purchasing an additional 2 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

BKNG opened at $5,458.32 on Friday. The stock has a market cap of $176.90 billion, a P/E ratio of 37.96, a P/E/G ratio of 1.59 and a beta of 1.39. The stock’s 50 day simple moving average is $5,594.00 and its 200 day simple moving average is $5,214.50. Booking Holdings Inc. has a 1-year low of $3,894.51 and a 1-year high of $5,839.41.

Booking (NASDAQ:BKNG) 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. The firm 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 prior year, the firm earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. Research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently disclosed 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. 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 (DPR) is 26.71%.

Analysts Set New Price Targets

Several analysts have recently weighed in on BKNG shares. Evercore ISI boosted their target price on Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Wells Fargo & Company boosted their target price on Booking from $5,411.00 to $5,418.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. DA Davidson boosted their target price on Booking from $5,750.00 to $6,500.00 and gave the company a “buy” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on Booking from $5,360.00 to $6,000.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Finally, Wedbush reissued a “neutral” rating and issued a $5,900.00 target price 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 ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $5,808.81.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the transaction, the chief executive officer directly owned 24,620 shares of the company’s stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were 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 $1,089,486.45. This trade represents a 24.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,116 shares of company stock worth $22,869,434 over the last ninety days. Corporate 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.