Progressive Investment Management Corp Has $12.72 Million Stock Holdings in Booking Holdings Inc. $BKNG

Progressive Investment Management Corp reduced its position in Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,197 shares of the business services provider’s stock after selling 22 shares during the quarter. Booking makes up about 3.2% of Progressive Investment Management Corp’s investment portfolio, making the stock its 10th biggest holding. Progressive Investment Management Corp’s holdings in Booking were worth $12,719,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atwood & Palmer Inc. bought a new stake in Booking in the second quarter valued at about $29,000. Wealth Preservation Advisors LLC bought a new position in shares of Booking during the first quarter valued at approximately $28,000. O Brien Wealth Partners LLC bought a new position in shares of Booking during the second quarter valued at approximately $35,000. First PREMIER Bank grew its holdings in shares of Booking by 100.0% during the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares during the last quarter. Finally, Keystone Global Partners LLC bought a new position in shares of Booking during the first quarter valued at approximately $32,000. 92.42% of the stock is owned by institutional investors.

Insider Transactions at Booking

In other news, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the transaction, the director directly owned 131 shares of the company’s stock, valued at approximately $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 23,607 shares in the company, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,197 shares of company stock valued at $17,260,963. 0.16% of the stock is owned by insiders.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $5,070.02 on Friday. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41. The stock has a fifty day moving average of $5,459.08 and a 200-day moving average of $5,332.40. The company has a market capitalization of $164.32 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.53 and a beta of 1.35.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $6.54 billion. During the same quarter in the prior year, the firm earned $41.90 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently declared 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 of this dividend was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. Booking’s dividend payout ratio is 26.71%.

Analyst Ratings Changes

Several equities analysts have recently commented on BKNG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Booking in a report on Tuesday. BTIG Research reaffirmed a “buy” rating and set a $6,250.00 target price on shares of Booking in a report on Wednesday, October 8th. Mizuho started coverage on Booking in a report on Monday, September 29th. They set a “neutral” rating and a $5,975.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $6,200.00 target price (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Finally, Wells Fargo & Company upped their target price on Booking from $5,418.00 to $5,443.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.