Booking Holdings Inc. $BKNG Stake Lowered by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.9% in the 2nd quarter, Holdings Channel reports. The firm owned 767 shares of the business services provider’s stock after selling 84 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Booking were worth $4,440,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC grew its holdings in Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider’s stock worth $844,000 after buying an additional 39 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Booking by 18.6% in the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after buying an additional 11,829 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Booking by 20.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock worth $6,090,000 after buying an additional 175 shares in the last quarter. Overbrook Management Corp grew its holdings in Booking by 49.5% in the 2nd quarter. Overbrook Management Corp now owns 3,314 shares of the business services provider’s stock worth $19,186,000 after buying an additional 1,098 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Booking in the 1st quarter worth approximately $203,000. 92.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BKNG shares. Wedbush reissued a “neutral” rating and issued a $5,900.00 price objective on shares of Booking in a report on Wednesday, July 30th. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Evercore ISI upped their target price on Booking from $5,500.00 to $6,250.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Wells Fargo & Company upped their target price on Booking from $5,418.00 to $5,443.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Finally, BTIG Research restated a “buy” rating and issued a $6,250.00 target price on shares of Booking in a research report on Wednesday, October 8th. Three investment 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 company’s stock. According to MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and a consensus price target of $5,808.81.

Insider Activity

In other news, 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 sale, the chief executive officer owned 23,607 shares in the company, valued at $130,237,930.44. This represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction 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. The trade was a 1.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,169 shares of company stock worth $11,929,560. Insiders own 0.16% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $5,280.14 on Wednesday. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41. The stock has a fifty day moving average of $5,484.50 and a 200-day moving average of $5,329.08. The company has a market capitalization of $171.13 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.35.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data 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. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.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 quarterly revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a dividend of $9.60 per share. 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 is 26.71%.

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.