Booking Holdings Inc. $BKNG Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 2.9% during the 2nd quarter, Holdings Channel reports. The fund owned 99 shares of the business services provider’s stock after selling 3 shares during the quarter. Sentry Investment Management LLC’s holdings in Booking were worth $566,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Booking by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock valued at $13,620,154,000 after acquiring an additional 30,054 shares in the last quarter. Northern Trust Corp increased its holdings in Booking by 0.5% in the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock valued at $1,706,063,000 after buying an additional 1,699 shares during the last quarter. Deutsche Bank AG increased its holdings in Booking by 6.6% in the first quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock valued at $1,365,170,000 after buying an additional 18,268 shares during the last quarter. Nordea Investment Management AB increased its holdings in Booking by 9.5% in the second quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock valued at $1,297,331,000 after buying an additional 19,578 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Booking by 3.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider’s stock valued at $1,023,655,000 after buying an additional 8,015 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of BKNG stock opened at $5,070.02 on Monday. The stock’s 50-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 price-to-earnings ratio of 35.26, a PEG ratio of 1.57 and a beta of 1.35. 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 issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) 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 company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter last year, the company posted $41.90 earnings per share. The business’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 predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a dividend of $9.60 per share. 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 (DPR) is currently 26.71%.

Insider Buying and Selling

In related news, Director Larry Quinlan sold 64 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the transaction, the director owned 131 shares of the company’s stock, valued at $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 in the company, valued at approximately $130,237,930.44. This represents a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,197 shares of company stock valued at $17,260,963 over the last quarter. 0.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on BKNG shares. Susquehanna increased their target price on Booking from $6,000.00 to $6,500.00 and gave the company a “positive” rating in a report on Friday, August 1st. BTIG Research reissued a “buy” rating and issued 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 issued a “neutral” rating and a $5,975.00 target price on the stock. Bank of America increased their target price on Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Benchmark reaffirmed 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 analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, 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.