Booking Holdings Inc. $BKNG Shares Sold by Eastern Bank

Eastern Bank lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65 shares of the business services provider’s stock after selling 7 shares during the quarter. Eastern Bank’s holdings in Booking were worth $376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fidelis Capital Partners LLC grew its holdings in shares of Booking by 1.2% during the first quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 2 shares during the last quarter. WNY Asset Management LLC grew its stake in Booking by 3.7% during the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider’s stock worth $258,000 after buying an additional 2 shares during the last quarter. Gries Financial LLC grew its position in shares of Booking by 1.6% during the first quarter. Gries Financial LLC now owns 125 shares of the business services provider’s stock worth $576,000 after acquiring an additional 2 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its position in shares of Booking by 0.5% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock worth $1,854,000 after acquiring an additional 2 shares during the last quarter. Finally, Nicolet Advisory Services LLC increased its stake in shares of Booking by 0.8% in the first quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider’s stock valued at $1,070,000 after purchasing an additional 2 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

Shares of NASDAQ BKNG opened at $5,164.93 on Monday. The business’s 50-day moving average price is $5,492.50 and its two-hundred day moving average price is $5,325.09. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41. The company has a market capitalization of $167.40 billion, a P/E ratio of 35.92, a price-to-earnings-growth ratio of 1.60 and a beta of 1.35.

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

Booking Announces Dividend

The company also recently disclosed 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. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 5th. Booking’s dividend payout ratio is currently 26.71%.

Analysts Set New Price Targets

Several brokerages have commented on BKNG. Barclays raised their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Bank of America increased their target price on shares of Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Mizuho initiated coverage on shares of Booking in a report on Monday, September 29th. They issued a “neutral” rating and a $5,975.00 price objective for the company. Evercore ISI raised their target price on Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of Booking in a research note 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, Booking presently has an average rating of “Moderate Buy” and an average target price of $5,808.81.

Insider Buying and Selling

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at approximately $130,237,930.44. This represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the sale, the director directly owned 131 shares of the company’s stock, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,195 shares of company stock valued at $23,467,630. Company insiders own 0.16% of the company’s stock.

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.