US Bancorp DE Sells 16,646 Shares of Booking Holdings Inc. $BKNG

US Bancorp DE cut its position in Booking Holdings Inc. (NASDAQ:BKNG) by 42.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 22,623 shares of the business services provider’s stock after selling 16,646 shares during the period. US Bancorp DE’s holdings in Booking were worth $130,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Wealth Preservation Advisors LLC bought a new stake in shares of Booking during the 1st quarter valued at $28,000. Atwood & Palmer Inc. bought a new position in shares of Booking during the 2nd quarter valued at about $29,000. Keystone Global Partners LLC bought a new position in shares of Booking during the 1st quarter valued at about $32,000. O Brien Wealth Partners LLC bought a new position in shares of Booking during the 2nd quarter valued at about $35,000. Finally, First PREMIER Bank boosted its holdings in Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BKNG shares. Weiss Ratings restated a “buy (b+)” rating on shares of Booking in a report on Saturday, September 27th. BTIG Research restated a “buy” rating and issued a $6,250.00 target price on shares of Booking in a research note on Wednesday. Hsbc Global Res raised Booking to a “strong-buy” rating in a research report on Thursday, July 17th. UBS Group raised their price objective on Booking from $5,750.00 to $6,300.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Finally, Wedbush reissued a “neutral” rating and issued a $5,900.00 target price on shares of Booking in a report on Wednesday, July 30th. Three investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5,808.81.

Booking Stock Performance

NASDAQ:BKNG opened at $5,131.23 on Thursday. The stock has a 50-day simple moving average of $5,503.17 and a two-hundred day simple moving average of $5,311.28. 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 market capitalization of $166.30 billion, a PE ratio of 35.69, a P/E/G ratio of 1.51 and a beta of 1.35.

Booking (NASDAQ:BKNG) last released its quarterly earnings results 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 business had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. During the same quarter in the previous year, the company posted $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. Equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director owned 747 shares of the company’s stock, valued at $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total value of $357,575.04. Following the completion of the transaction, the director directly owned 195 shares of the company’s stock, valued at approximately $1,089,486.45. This trade represents a 24.71% 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. Company insiders own 0.16% of the company’s stock.

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.