Booking Holdings Inc. $BKNG Shares Bought by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 18.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 266 shares of the business services provider’s stock after purchasing an additional 42 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Booking were worth $1,540,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bank Hapoalim BM grew its position in shares of Booking by 13.4% during the 2nd quarter. Bank Hapoalim BM now owns 76 shares of the business services provider’s stock valued at $440,000 after acquiring an additional 9 shares during the period. AMF Tjanstepension AB boosted its holdings in shares of Booking by 834.7% during the 2nd quarter. AMF Tjanstepension AB now owns 16,291 shares of the business services provider’s stock worth $94,325,000 after purchasing an additional 14,548 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of Booking by 2.6% during the 2nd quarter. Quent Capital LLC now owns 157 shares of the business services provider’s stock worth $911,000 after purchasing an additional 4 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Booking by 11.2% during the 2nd quarter. QRG Capital Management Inc. now owns 816 shares of the business services provider’s stock valued at $4,724,000 after buying an additional 82 shares during the period. Finally, Successful Portfolios LLC purchased a new stake in shares of Booking during the 2nd quarter valued at approximately $226,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of NASDAQ BKNG 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 firm’s 50 day moving average price is $5,524.95 and its 200 day moving average price is $5,297.52. The firm has a market cap of $175.60 billion, a P/E ratio of 37.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.35.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) 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 company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.54 billion. During the same period in the previous year, the company earned $41.90 EPS. 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, equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid 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 dividend yield of 0.7%. Booking’s payout ratio is currently 26.71%.

Wall Street Analysts Forecast Growth

BKNG has been the topic of a number of research analyst reports. Citigroup boosted their target price on Booking from $5,560.00 to $6,500.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Evercore ISI upped their price objective on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Susquehanna increased their target price on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. B. Riley reissued a “buy” rating and set a $6,700.00 price target (up from $6,100.00) on shares of Booking in a report on Wednesday, July 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $6,000.00 target price (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5,807.89.

Insider Activity

In other news, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the completion of the sale, the director directly owned 747 shares of the company’s stock, valued at $4,108,500. The trade was a 1.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the sale, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,195 shares of company stock valued at $23,467,630 in the last ninety days. 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.