Booking Holdings Inc. $BKNG Shares Sold by OFI Invest Asset Management

OFI Invest Asset Management lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 99.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,613 shares of the business services provider’s stock after selling 3,301,642 shares during the period. OFI Invest Asset Management’s holdings in Booking were worth $49,863,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BKNG. Wealth Preservation Advisors LLC purchased a new stake in shares of Booking during the first quarter worth about $28,000. Atwood & Palmer Inc. purchased a new stake in shares of Booking during the second quarter worth about $29,000. Keystone Global Partners LLC purchased a new stake in shares of Booking during the first quarter worth about $32,000. O Brien Wealth Partners LLC purchased a new stake in shares of Booking during the second quarter worth about $35,000. Finally, First PREMIER Bank increased its stake in shares of Booking by 100.0% during 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. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Down 0.5%

Shares of NASDAQ BKNG opened at $5,164.93 on Friday. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The stock has a market cap of $167.40 billion, a PE ratio of 35.92, a P/E/G ratio of 1.60 and a beta of 1.35. The company has a 50-day moving average of $5,492.50 and a 200 day moving average of $5,321.11.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.54 billion. During the same quarter in the prior year, the company posted $41.90 EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a $9.60 dividend. 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 dividend payout ratio is 26.71%.

Insider Activity

In other news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total value of $82,500.00. Following the completion of the sale, the director owned 747 shares of the company’s stock, 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 hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the sale, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at approximately $130,237,930.44. This trade represents a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,195 shares of company stock valued at $23,467,630 in the last 90 days. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b+)” rating on shares of Booking in a research note on Saturday, September 27th. Benchmark reissued a “buy” rating and set a $6,200.00 target price (up previously from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. Susquehanna boosted their target price on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Piper Sandler reaffirmed a “neutral” rating and set a $5,750.00 price objective (up previously from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, BTIG Research reaffirmed a “buy” rating and set a $6,250.00 price objective on shares of Booking in a research note on Wednesday. Three equities research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5,808.81.

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.