Lmcg Investments LLC Decreases Stock Position in Booking Holdings Inc. $BKNG

Lmcg Investments LLC reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,659 shares of the business services provider’s stock after selling 64 shares during the quarter. Lmcg Investments LLC’s holdings in Booking were worth $9,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Zullo Investment Group Inc. purchased a new stake in Booking in the second quarter worth $203,000. PDS Planning Inc grew its position in shares of Booking by 28.8% in the second quarter. PDS Planning Inc now owns 282 shares of the business services provider’s stock valued at $1,633,000 after purchasing an additional 63 shares in the last quarter. Gunderson Capital Management Inc. purchased a new position in shares of Booking in the second quarter valued at $3,850,000. Blue Trust Inc. grew its position in shares of Booking by 9.3% in the second quarter. Blue Trust Inc. now owns 106 shares of the business services provider’s stock valued at $614,000 after purchasing an additional 9 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC grew its position in shares of Booking by 9.0% in the second quarter. Robertson Stephens Wealth Management LLC now owns 231 shares of the business services provider’s stock valued at $1,339,000 after purchasing an additional 19 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the sale, the chief executive officer owned 23,607 shares of the company’s stock, valued at $130,237,930.44. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Larry Quinlan sold 64 shares of Booking stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the sale, the director directly owned 131 shares of the company’s stock, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,195 shares of company stock valued at $23,467,630 over the last 90 days. Insiders own 0.16% of the company’s stock.

Booking Stock Performance

NASDAQ:BKNG opened at $5,164.93 on Friday. The firm has a market capitalization 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 52-week low of $4,096.23 and a 52-week high of $5,839.41. The stock has a fifty day moving average of $5,492.50 and a 200 day moving average of $5,317.27.

Booking (NASDAQ:BKNG) last posted 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 negative return on equity of 134.19% and a net margin of 19.23%.The company had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. During the same quarter last year, the company earned $41.90 earnings per share. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently declared 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 of this dividend was Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking’s payout ratio is 26.71%.

Analyst Upgrades and Downgrades

BKNG has been the subject of several recent research reports. Hsbc Global Res upgraded Booking to a “strong-buy” rating in a research report on Thursday, July 17th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Booking in a research report on Wednesday, July 30th. B. Riley reiterated a “buy” rating and issued a $6,700.00 price target (up from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Wedbush reiterated a “neutral” rating and issued a $5,900.00 price target on shares of Booking in a research report on Wednesday, July 30th. Finally, Susquehanna lifted their price objective on Booking from $6,000.00 to $6,500.00 and gave the company a “positive” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5,808.81.

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.