Harbor Capital Advisors Inc. Sells 8 Shares of Booking Holdings Inc. $BKNG

Harbor Capital Advisors Inc. trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 0.7% in the second quarter, HoldingsChannel.com reports. The firm owned 1,181 shares of the business services provider’s stock after selling 8 shares during the period. Harbor Capital Advisors Inc.’s holdings in Booking were worth $6,837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GEM Asset Management LLC bought a new stake in shares of Booking in the 2nd quarter valued at about $244,000. Westmount Partners LLC bought a new position in shares of Booking during the second quarter worth about $399,000. Czech National Bank lifted its stake in shares of Booking by 4.6% in the second quarter. Czech National Bank now owns 7,953 shares of the business services provider’s stock worth $46,042,000 after acquiring an additional 352 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Booking by 242.1% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 8,189 shares of the business services provider’s stock worth $47,408,000 after acquiring an additional 5,795 shares during the period. Finally, Range Financial Group LLC lifted its stake in shares of Booking by 0.5% in the second quarter. Range Financial Group LLC now owns 782 shares of the business services provider’s stock worth $4,527,000 after acquiring an additional 4 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. BMO Capital Markets restated an “outperform” rating and set a $6,000.00 price target (up previously from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Wells Fargo & Company boosted their target price on shares of Booking from $5,411.00 to $5,418.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. increased their price target on Booking from $5,360.00 to $6,000.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Finally, DA Davidson increased their price target on Booking from $5,750.00 to $6,500.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5,808.81.

Booking Price Performance

Shares of Booking stock opened at $5,559.83 on Tuesday. Booking Holdings Inc. has a one year low of $3,930.00 and a one year high of $5,839.41. The firm has a market capitalization of $180.19 billion, a price-to-earnings ratio of 38.67, a PEG ratio of 1.57 and a beta of 1.39. The business has a 50-day simple moving average of $5,588.88 and a 200 day simple moving average of $5,221.64.

Booking (NASDAQ:BKNG) last issued 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. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The business had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. During the same period in the previous year, the company posted $41.90 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s payout ratio is presently 26.71%.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the sale, the chief executive officer owned 24,620 shares in the company, valued at $134,841,031.80. This represents a 3.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Larry Quinlan sold 64 shares of Booking 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 owned 195 shares of the company’s stock, valued at $1,089,486.45. This trade represents a 24.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,103 shares of company stock worth $17,443,735 in the last 90 days. 0.16% of the stock is currently owned by company insiders.

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.