Deltec Asset Management LLC Sells 634 Shares of Booking Holdings Inc. $BKNG

Deltec Asset Management LLC lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 75.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 211 shares of the business services provider’s stock after selling 634 shares during the quarter. Deltec Asset Management LLC’s holdings in Booking were worth $1,222,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC lifted its stake in Booking by 27.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider’s stock valued at $844,000 after buying an additional 39 shares in the last quarter. International Assets Investment Management LLC bought a new position in Booking in the first quarter valued at approximately $203,000. United Services Automobile Association bought a new position in Booking in the first quarter valued at approximately $3,592,000. Perigon Wealth Management LLC lifted its stake in Booking by 9.4% in the first quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider’s stock valued at $1,281,000 after buying an additional 24 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Booking by 13.2% in the first quarter. GAMMA Investing LLC now owns 513 shares of the business services provider’s stock worth $2,363,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In related news, Director Larry Quinlan sold 64 shares of the company’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 transaction, the director directly owned 195 shares in the company, valued at approximately $1,089,486.45. This represents a 24.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the completion of the transaction, the director owned 747 shares in the company, valued at $4,108,500. This trade represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,195 shares of company stock worth $23,467,630. Corporate insiders own 0.16% of the company’s stock.

Booking Price Performance

NASDAQ:BKNG opened at $5,399.27 on Wednesday. Booking Holdings Inc. has a one year low of $4,060.98 and a one year high of $5,839.41. The company has a market cap of $174.99 billion, a P/E ratio of 37.55, a P/E/G ratio of 1.57 and a beta of 1.39. The firm’s fifty day moving average price is $5,541.46 and its two-hundred day moving average price is $5,284.60.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS 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 firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same period in the previous year, the company earned $41.90 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a $9.60 dividend. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BKNG. Cantor Fitzgerald reissued a “neutral” rating on shares of Booking in a research report on Wednesday, July 30th. Citigroup boosted their price objective on shares of Booking from $5,560.00 to $6,500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted their price objective on shares of Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. BMO Capital Markets reissued an “outperform” rating and issued a $6,000.00 price objective (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Barclays boosted their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,807.89.

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.