Booking Holdings Inc. $BKNG Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 21.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 63 shares of the business services provider’s stock after selling 17 shares during the quarter. Belpointe Asset Management LLC’s holdings in Booking were worth $365,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC lifted its position in Booking by 27.3% during 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. Overbrook Management Corp lifted its position in Booking by 49.5% during the second quarter. Overbrook Management Corp now owns 3,314 shares of the business services provider’s stock valued at $19,186,000 after buying an additional 1,098 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Booking during the first quarter valued at approximately $203,000. United Services Automobile Association acquired a new position in Booking during the first quarter valued at approximately $3,592,000. Finally, BFI Infinity Ltd. lifted its position in Booking by 215.6% during the second quarter. BFI Infinity Ltd. now owns 142 shares of the business services provider’s stock valued at $822,000 after buying an additional 97 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Trading Down 0.5%

Shares of NASDAQ:BKNG opened at $5,164.93 on Friday. The company has a fifty day simple moving average of $5,492.50 and a 200 day simple moving average of $5,317.27. The firm has a market cap of $167.40 billion, a PE ratio of 35.92, a price-to-earnings-growth 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.

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 during the quarter, compared to analyst estimates of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the sale, the director owned 131 shares in the company, valued at $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction on 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 sale, 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. Insiders sold a total of 4,195 shares of company stock worth $23,467,630 over the last 90 days. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BKNG shares. Royal Bank Of Canada boosted their target price 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. Evercore ISI boosted their target price on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. B. Riley reissued a “buy” rating and set a $6,700.00 target price (up from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Truist Financial boosted their target price on shares of Booking from $4,720.00 to $5,630.00 and gave the stock a “hold” rating in a research report on Monday, July 14th. 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 research report on Wednesday, July 30th. Three research 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.