SteelPeak Wealth LLC Sells 2,086 Shares of Booking Holdings Inc. $BKNG

SteelPeak Wealth LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 85.1% in the 2nd quarter, Holdings Channel reports. The firm owned 366 shares of the business services provider’s stock after selling 2,086 shares during the quarter. SteelPeak Wealth LLC’s holdings in Booking were worth $2,119,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC raised its stake in shares of Booking by 1.2% during the first quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider’s stock valued at $809,000 after acquiring an additional 2 shares in the last quarter. WNY Asset Management LLC raised its stake in shares of Booking by 3.7% during the first quarter. WNY Asset Management LLC now owns 56 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 2 shares in the last quarter. Gries Financial LLC raised its stake in shares of Booking by 1.6% during the first quarter. Gries Financial LLC now owns 125 shares of the business services provider’s stock valued at $576,000 after acquiring an additional 2 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of Booking by 0.5% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,854,000 after acquiring an additional 2 shares in the last quarter. Finally, Nicolet Advisory Services LLC raised its stake in shares of Booking by 0.8% during the first quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider’s stock valued at $1,070,000 after acquiring an additional 2 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Down 3.3%

Shares of NASDAQ:BKNG opened at $5,242.00 on Wednesday. The company has a market capitalization of $169.89 billion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 1.56 and a beta of 1.35. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The firm has a 50 day moving average of $5,512.80 and a 200 day moving average of $5,312.53.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $41.90 earnings per share. 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 Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s dividend payout ratio is presently 26.71%.

Insider Transactions at Booking

In other news, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the transaction, the director directly owned 195 shares of the company’s stock, valued at approximately $1,089,486.45. This represents a 24.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total value of $82,500.00. Following the transaction, the director directly owned 747 shares in the company, valued at approximately $4,108,500. The trade was 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 valued at $23,467,630. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the subject of several research analyst reports. BTIG Research reaffirmed a “buy” rating and set a $6,250.00 price target on shares of Booking in a research note on Thursday, September 4th. B. Riley reaffirmed a “buy” rating and set a $6,700.00 price target (up previously from $6,100.00) on shares of Booking in a research note on Wednesday, July 30th. Evercore ISI lifted their price target on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Bank of America boosted their price objective on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Susquehanna boosted their price objective on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5,808.81.

About Booking

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.