Booking Holdings Inc. $BKNG Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNGFree Report) by 8.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96 shares of the business services provider’s stock after selling 9 shares during the period. Cidel Asset Management Inc.’s holdings in Booking were worth $556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Preservation Advisors LLC acquired a new position in shares of Booking in the first quarter worth $28,000. Atwood & Palmer Inc. purchased a new stake in Booking during the 2nd quarter worth about $29,000. Keystone Global Partners LLC acquired a new position in Booking in the 1st quarter valued at about $32,000. O Brien Wealth Partners LLC acquired a new position in Booking in the 2nd quarter valued at about $35,000. Finally, First PREMIER Bank lifted its holdings in Booking by 100.0% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. BTIG Research restated a “buy” rating and set a $6,250.00 target price on shares of Booking in a research report on Wednesday, October 8th. Mizuho began coverage on Booking in a report on Monday, September 29th. They issued a “neutral” rating and a $5,975.00 price target for the company. Evercore ISI increased their price target on Booking from $5,500.00 to $6,250.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Benchmark restated a “buy” rating and set a $6,200.00 price objective (up previously from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5,808.81.

Check Out Our Latest Stock Analysis on BKNG

Booking Stock Up 2.4%

Shares of BKNG opened at $5,070.02 on Monday. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The company’s fifty day moving average is $5,459.08 and its two-hundred day moving average is $5,343.06. The firm has a market cap of $164.32 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35.

Booking (NASDAQ:BKNGGet Free Report) last issued its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $6.54 billion. During the same period last year, the company posted $41.90 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, September 5th. Booking’s dividend payout ratio is 26.71%.

Insider Activity

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the transaction, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the transaction, the director owned 732 shares in the company, valued at approximately $3,873,729.36. This represents a 2.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,197 shares of company stock valued at $17,260,963. Company insiders own 0.16% of the company’s stock.

Booking Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Booking (NASDAQ:BKNG)

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