Moran Wealth Management LLC Sells 19 Shares of Booking Holdings Inc. $BKNG

Moran Wealth Management LLC cut its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,542 shares of the business services provider’s stock after selling 19 shares during the period. Moran Wealth Management LLC’s holdings in Booking were worth $8,927,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Booking by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock worth $13,620,154,000 after acquiring an additional 30,054 shares during the period. Northern Trust Corp lifted its stake in Booking by 0.5% in the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock worth $1,706,063,000 after acquiring an additional 1,699 shares during the period. Deutsche Bank AG lifted its stake in Booking by 6.6% in the first quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock worth $1,365,170,000 after acquiring an additional 18,268 shares during the period. Charles Schwab Investment Management Inc. lifted its stake 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 worth $1,023,655,000 after acquiring an additional 8,015 shares during the period. Finally, Ninety One UK Ltd lifted its stake in Booking by 1.1% in the second quarter. Ninety One UK Ltd now owns 218,016 shares of the business services provider’s stock worth $1,262,147,000 after acquiring an additional 2,418 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction dated 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 transaction, the director owned 131 shares in the company, valued at $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 23,607 shares in the company, valued at approximately $130,237,930.44. This trade represents a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,169 shares of company stock worth $11,929,560 over the last 90 days. 0.16% of the stock is currently owned by corporate insiders.

Booking Stock Up 1.7%

BKNG opened at $5,253.85 on Tuesday. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41. The company has a market cap of $170.28 billion, a P/E ratio of 36.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.35. The firm’s 50-day moving average price is $5,488.05 and its 200-day moving average price is $5,329.42.

Booking (NASDAQ:BKNG) last posted 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 firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter in the prior year, the company posted $41.90 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal 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 issued a dividend of $9.60 per share. The ex-dividend date was Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s dividend payout ratio is 26.71%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BKNG. Wedbush reaffirmed a “neutral” rating and issued a $5,900.00 price objective on shares of Booking in a research note on Wednesday, July 30th. Barclays upped their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. BMO Capital Markets reissued an “outperform” rating and set a $6,000.00 price target (up from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Weiss Ratings reissued a “buy (b+)” rating on shares of Booking in a research report on Saturday, September 27th. Finally, UBS Group increased their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $5,808.81.

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.