Belpointe Asset Management LLC Sells 15 Shares of Booking Holdings Inc. $BKNG

Belpointe Asset Management LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 15.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 80 shares of the business services provider’s stock after selling 15 shares during the period. Belpointe Asset Management LLC’s holdings in Booking were worth $369,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BKNG. Brighton Jones LLC boosted its holdings in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after buying an additional 65 shares during the period. Revolve Wealth Partners LLC bought a new position in Booking in the 4th quarter worth $209,000. Fire Capital Management LLC bought a new position in Booking in the 4th quarter worth $248,000. Graham Capital Management L.P. bought a new position in Booking in the 4th quarter worth $224,000. Finally, Silvercrest Asset Management Group LLC boosted its holdings in Booking by 3.2% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 325 shares of the business services provider’s stock worth $1,615,000 after buying an additional 10 shares during the period. Institutional investors own 92.42% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the completion of the transaction, the chief executive officer owned 24,620 shares of the company’s stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Larry Quinlan sold 64 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the transaction, the director directly owned 195 shares of the company’s stock, valued at approximately $1,089,486.45. This trade represents a 24.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,103 shares of company stock valued at $17,443,735. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on BKNG shares. Truist Financial increased their price objective on shares of Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a report on Monday, July 14th. UBS Group increased their price objective on shares of Booking from $5,750.00 to $6,300.00 and gave the company a “buy” rating in a report on Monday, July 28th. Piper Sandler reissued a “neutral” rating and set a $5,750.00 price objective (up previously from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Evercore ISI increased their price objective on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $6,000.00 price objective (up previously from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average price target of $5,808.81.

Booking Trading Down 0.7%

NASDAQ BKNG opened at $5,458.32 on Monday. The company has a fifty day simple moving average of $5,594.00 and a two-hundred day simple moving average of $5,217.83. The stock has a market cap of $176.90 billion, a P/E ratio of 37.96, a P/E/G ratio of 1.57 and a beta of 1.39. Booking Holdings Inc. has a 12-month low of $3,894.51 and a 12-month high of $5,839.41.

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

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $9.60 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. 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.