Booking (NASDAQ:BKNG) CEO Glenn Fogel Sells 443 Shares

Booking Holdings Inc. (NASDAQ:BKNG) CEO Glenn Fogel sold 443 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $4,820.35, for a total value of $2,135,415.05. Following the transaction, the chief executive officer directly owned 22,151 shares of the company’s stock, valued at $106,775,572.85. This represents a 1.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Booking Price Performance

NASDAQ:BKNG opened at $4,761.02 on Wednesday. The firm’s 50-day moving average price is $5,230.63 and its 200-day moving average price is $5,412.46. The company has a market capitalization of $153.47 billion, a PE ratio of 31.07, a P/E/G ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping the consensus estimate of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The business had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. During the same quarter in the previous year, the firm posted $83.39 earnings per share. Booking’s quarterly revenue was up 12.7% on a year-over-year basis. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.8%. Booking’s payout ratio is presently 24.96%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Stance Capital LLC grew its stake in shares of Booking by 429.7% during the 3rd quarter. Stance Capital LLC now owns 625 shares of the business services provider’s stock valued at $3,375,000 after purchasing an additional 507 shares during the period. Silvant Capital Management LLC boosted its holdings in shares of Booking by 13.7% in the third quarter. Silvant Capital Management LLC now owns 1,159 shares of the business services provider’s stock worth $6,258,000 after buying an additional 140 shares during the last quarter. Advisory Services Network LLC grew its position in Booking by 0.7% during the third quarter. Advisory Services Network LLC now owns 682 shares of the business services provider’s stock valued at $3,682,000 after buying an additional 5 shares during the period. Morningstar Investment Management LLC raised its position in Booking by 7.1% in the third quarter. Morningstar Investment Management LLC now owns 106 shares of the business services provider’s stock worth $573,000 after acquiring an additional 7 shares during the period. Finally, Castleark Management LLC raised its position in Booking by 89.0% in the third quarter. Castleark Management LLC now owns 2,060 shares of the business services provider’s stock worth $11,122,000 after acquiring an additional 970 shares during the period. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on BKNG. Sanford C. Bernstein restated a “market perform” rating and set a $5,433.00 price target on shares of Booking in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Evercore ISI increased their price target on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Finally, DA Davidson lifted their target price on Booking from $6,500.00 to $6,600.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6,139.21.

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.