Booking Holdings Inc. $BKNG Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 99.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 881 shares of the business services provider’s stock after selling 174,056 shares during the period. Booking comprises 0.6% of Central Pacific Bank Trust Division’s investment portfolio, making the stock its 25th biggest holding. Central Pacific Bank Trust Division’s holdings in Booking were worth $5,100,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BKNG. Elequin Capital LP lifted its holdings in shares of Booking by 20.0% during the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider’s stock worth $60,000 after acquiring an additional 2 shares during the period. Fidelis Capital Partners LLC lifted its holdings in shares of Booking by 1.2% during the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider’s stock worth $809,000 after acquiring an additional 2 shares during the period. WNY Asset Management LLC lifted its holdings in shares of Booking by 3.7% during the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider’s stock worth $258,000 after acquiring an additional 2 shares during the period. Gries Financial LLC lifted its holdings in shares of Booking by 1.6% during the 1st quarter. Gries Financial LLC now owns 125 shares of the business services provider’s stock worth $576,000 after acquiring an additional 2 shares during the period. Finally, Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Booking by 0.5% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock worth $1,854,000 after acquiring an additional 2 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity at Booking

In other news, Director Larry Quinlan sold 64 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the completion of the sale, the director owned 195 shares of the company’s stock, valued at approximately $1,089,486.45. This trade represents a 24.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the sale, the chief executive officer directly owned 24,620 shares of the company’s stock, valued at $134,841,031.80. The trade was a 3.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,116 shares of company stock valued at $22,869,434 in the last ninety days. 0.16% of the stock is owned by corporate insiders.

Booking Stock Down 0.7%

Shares of NASDAQ:BKNG opened at $5,458.32 on Friday. Booking Holdings Inc. has a 52-week low of $3,894.51 and a 52-week high of $5,839.41. The company has a 50 day moving average of $5,594.00 and a two-hundred day moving average of $5,214.50. The company has a market capitalization of $176.90 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39.

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 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 company had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter last year, the company earned $41.90 earnings per share. Booking’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, equities analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $9.60 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking’s dividend payout ratio (DPR) is 26.71%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BKNG. Wells Fargo & Company increased their price objective on shares of Booking from $5,411.00 to $5,418.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. BMO Capital Markets reiterated an “outperform” rating and set a $6,000.00 price objective (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. JPMorgan Chase & Co. increased their price objective on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. BTIG Research reiterated a “buy” rating and set a $6,250.00 price objective on shares of Booking in a report on Thursday, September 4th. Finally, DA Davidson increased their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5,808.81.

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.