Capital Investment Services of America Inc. Trims Stake in Booking Holdings Inc. $BKNG

Capital Investment Services of America Inc. reduced its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.4% during the second quarter, Holdings Channel.com reports. The fund owned 5,405 shares of the business services provider’s stock after selling 24 shares during the quarter. Booking accounts for 2.9% of Capital Investment Services of America Inc.’s investment portfolio, making the stock its 12th largest holding. Capital Investment Services of America Inc.’s holdings in Booking were worth $31,291,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BKNG. Wealth Preservation Advisors LLC bought a new position in shares of Booking in the first quarter worth approximately $28,000. Atwood & Palmer Inc. purchased a new position in Booking in the 2nd quarter worth approximately $29,000. Keystone Global Partners LLC bought a new position in shares of Booking in the 1st quarter worth $32,000. O Brien Wealth Partners LLC purchased a new stake in shares of Booking during the 2nd quarter valued at $35,000. Finally, First PREMIER Bank lifted its holdings in shares of Booking by 100.0% during the 2nd 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 last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Price Performance

BKNG stock opened at $5,230.59 on Thursday. The firm has a 50-day moving average of $5,446.77 and a 200 day moving average of $5,347.81. The company has a market cap of $169.52 billion, a P/E ratio of 36.38, a PEG ratio of 1.64 and a beta of 1.35. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating analysts’ consensus estimates of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.54 billion. During the same quarter last year, the business posted $41.90 EPS. The firm’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, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a dividend of $9.60 per share. The ex-dividend date was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. Booking’s payout ratio is presently 26.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BKNG shares. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Benchmark reissued a “buy” rating and issued a $6,200.00 price target (up from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. UBS Group raised their price target on Booking from $5,750.00 to $6,300.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Truist Financial boosted their price objective on Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a research report on Monday, July 14th. Finally, 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 report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $5,994.00.

Insiders Place Their Bets

In related news, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the completion of the transaction, the director directly owned 131 shares in the company, valued at $722,045.80. The trade was a 32.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 625 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the sale, the chief executive officer owned 22,982 shares of the company’s stock, valued at approximately $118,162,642.46. This represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,197 shares of company stock valued at $17,260,963. 0.16% of the stock is currently owned by corporate insiders.

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.