Booking Holdings Inc. $BKNG Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 375 shares of the business services provider’s stock after selling 2 shares during the quarter. Naviter Wealth LLC’s holdings in Booking were worth $2,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BKNG. Atwood & Palmer Inc. purchased a new position in Booking in the 2nd quarter valued at approximately $29,000. Wealth Preservation Advisors LLC acquired a new stake in Booking in the first quarter valued at $28,000. O Brien Wealth Partners LLC purchased a new position in shares of Booking in the second quarter valued at $35,000. First PREMIER Bank increased its position in shares of Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after buying an additional 3 shares in the last quarter. Finally, Keystone Global Partners LLC acquired a new position in shares of Booking during the 1st quarter worth $32,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Piper Sandler restated a “neutral” rating and set a $5,750.00 target price (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Royal Bank Of Canada increased their price target on shares of Booking from $5,900.00 to $6,100.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. B. Riley restated a “buy” rating and set a $6,700.00 price objective (up from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Truist Financial upped their target price on Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a research note on Monday, July 14th. Finally, Hsbc Global Res raised Booking to a “strong-buy” rating in a research report on Thursday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5,808.81.

Insider Activity

In other news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the completion of the sale, the director directly owned 747 shares in the company, valued at $4,108,500. This represents a 1.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the transaction, the chief executive officer directly owned 23,607 shares in the company, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,169 shares of company stock valued at $11,929,560 in the last ninety days. Company insiders own 0.16% of the company’s stock.

Booking Stock Performance

BKNG stock opened at $5,253.85 on Tuesday. The company has a 50 day moving average price of $5,488.05 and a two-hundred day moving average price of $5,329.42. The stock has a market capitalization of $170.28 billion, a P/E ratio of 36.54, a PEG ratio of 1.60 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) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $50.32 by $5.08. The business 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%.The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter last 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 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, September 5th. Booking’s dividend payout ratio (DPR) is 26.71%.

About Booking

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.