Chemung Canal Trust Co. Has $446,000 Stock Holdings in Booking Holdings Inc. $BKNG

Chemung Canal Trust Co. decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 17.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77 shares of the business services provider’s stock after selling 16 shares during the period. Chemung Canal Trust Co.’s holdings in Booking were worth $446,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Atwood & Palmer Inc. bought a new stake in Booking in the 2nd quarter valued at about $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of Booking in the first quarter valued at approximately $28,000. O Brien Wealth Partners LLC bought a new stake in shares of Booking in the second quarter valued at approximately $35,000. First PREMIER Bank grew its position in Booking by 100.0% during the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after buying an additional 3 shares in the last quarter. Finally, Keystone Global Partners LLC bought a new position in Booking during the 1st quarter worth $32,000. Institutional investors own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the topic of several analyst reports. Piper Sandler reissued a “neutral” rating and set a $5,750.00 target price (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $6,000.00 price objective (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Benchmark reissued a “buy” rating and issued a $6,200.00 target price (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Bank of America upped their price target on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Wells Fargo & Company lifted their price objective on shares of Booking from $5,411.00 to $5,418.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,807.89.

Insider Activity at Booking

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

Booking Trading Down 0.1%

Shares of BKNG stock opened at $5,418.05 on Friday. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The stock has a market cap of $175.60 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 1.56 and a beta of 1.35. The stock has a 50-day moving average of $5,524.95 and a 200-day moving average of $5,302.42.

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

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, September 5th. Booking’s dividend payout ratio (DPR) is currently 26.71%.

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.