Bar Harbor Wealth Management Sells 24 Shares of Booking Holdings Inc. $BKNG

Bar Harbor Wealth Management reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.7% in the second quarter, Holdings Channel reports. The firm owned 621 shares of the business services provider’s stock after selling 24 shares during the quarter. Bar Harbor Wealth Management’s holdings in Booking were worth $3,595,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of research analyst reports. B. Riley reiterated a “buy” rating and issued a $6,700.00 price target (up from $6,100.00) on shares of Booking in a research note on Wednesday, July 30th. BTIG Research reiterated a “buy” rating and issued a $6,250.00 price target on shares of Booking in a research note on Wednesday. Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Cantor Fitzgerald reissued a “neutral” rating on shares of Booking in a report on Wednesday, July 30th. Finally, Wells Fargo & Company raised their price objective on shares of Booking from $5,418.00 to $5,443.00 and gave the stock an “equal weight” rating in a report on Monday. 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 stock. According to MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $5,808.81.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $5,131.23 on Thursday. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The company has a market capitalization of $166.30 billion, a P/E ratio of 35.69, a P/E/G ratio of 1.51 and a beta of 1.35. The firm’s 50 day simple moving average is $5,503.17 and its two-hundred day simple moving average is $5,311.28.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter in the previous year, the firm earned $41.90 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 annualized dividend and a yield of 0.7%. Booking’s payout ratio is currently 26.71%.

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of Booking stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the transaction, the director owned 195 shares of the company’s stock, valued at $1,089,486.45. The trade was a 24.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the transaction, the chief executive officer directly owned 24,620 shares in the company, valued at $134,841,031.80. This represents a 3.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,195 shares of company stock valued at $23,467,630 over the last 90 days. 0.16% of the stock is currently owned by corporate insiders.

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.