Trust Co. of Toledo NA OH Sells 27 Shares of Booking Holdings Inc. $BKNG

Trust Co. of Toledo NA OH lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 5.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 478 shares of the business services provider’s stock after selling 27 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Booking were worth $2,767,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in Booking by 1,411.9% during the first quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider’s stock valued at $516,900,000 after acquiring an additional 104,780 shares during the period. AQR Capital Management LLC boosted its stake in Booking by 79.4% during the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock valued at $695,259,000 after purchasing an additional 68,243 shares during the period. TD Asset Management Inc boosted its stake in Booking by 182.2% during the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider’s stock valued at $482,081,000 after purchasing an additional 67,562 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Booking by 27.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider’s stock valued at $836,223,000 after purchasing an additional 39,523 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Booking by 19.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider’s stock valued at $983,707,000 after purchasing an additional 35,171 shares during the period. Institutional investors own 92.42% of the company’s stock.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 24,620 shares in the company, valued at approximately $134,841,031.80. The trade was a 3.95% 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 Booking 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 transaction, the director owned 747 shares of the company’s stock, valued at approximately $4,108,500. The trade was a 1.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,195 shares of company stock worth $23,467,630. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Piper Sandler reissued a “neutral” rating and issued a $5,750.00 price objective (up from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Susquehanna increased their price target on shares of Booking from $6,000.00 to $6,500.00 and gave the company a “positive” rating in a report on Friday, August 1st. Barclays increased their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. DA Davidson increased their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Booking in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $5,808.81.

Booking Stock Down 0.5%

Shares of BKNG opened at $5,164.93 on Friday. The stock has a market cap of $167.40 billion, a price-to-earnings ratio of 35.92, a P/E/G ratio of 1.61 and a beta of 1.35. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The company has a 50-day moving average price of $5,492.50 and a two-hundred day moving average price of $5,317.27.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $50.32 by $5.08. The company had revenue of $6.80 billion during 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 period last year, the business earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently announced 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 was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s 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.