Rep. Dan Newhouse Sells Off Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Representative Dan Newhouse (R-Washington) recently sold shares of Booking Holdings Inc. (NASDAQ:BKNG). In a filing disclosed on May 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Booking stock on April 11th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Moody’s (NYSE:MCO) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Dollar General (NYSE:DG) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Lowe’s Companies (NYSE:LOW) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of BlackRock (NYSE:BLK) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 4/11/2025.

Booking Stock Down 0.2%

NASDAQ BKNG traded down $9.11 on Monday, hitting $5,332.80. The stock had a trading volume of 152,419 shares, compared to its average volume of 247,463. Booking Holdings Inc. has a one year low of $3,180.00 and a one year high of $5,379.98. The stock has a market cap of $173.53 billion, a price-to-earnings ratio of 30.82, a P/E/G ratio of 1.71 and a beta of 1.42. The company’s 50-day moving average is $4,824.51 and its two-hundred day moving average is $4,897.17.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, April 29th. The business services provider reported $24.81 EPS for the quarter, topping the consensus estimate of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter in the prior year, the firm earned $20.39 EPS. Booking’s quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate 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 will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, June 6th. Booking’s dividend payout ratio (DPR) is 23.89%.

Institutional Investors Weigh In On Booking

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Booking by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock valued at $13,620,154,000 after acquiring an additional 30,054 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Booking by 521,609.7% during the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider’s stock worth $10,887,718,000 after buying an additional 2,362,892 shares during the period. Proficio Capital Partners LLC raised its holdings in Booking by 621,874.8% in the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock worth $4,295,423,000 after acquiring an additional 864,406 shares during the period. Geode Capital Management LLC increased its stake in shares of Booking by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 803,125 shares of the business services provider’s stock worth $3,986,244,000 after purchasing an additional 6,009 shares during the period. Finally, Norges Bank acquired a new position in shares of Booking during the 4th quarter worth about $1,958,352,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the subject of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $5,900.00 price objective on shares of Booking in a report on Wednesday, April 30th. Citigroup increased their price objective on shares of Booking from $5,500.00 to $5,800.00 and gave the company a “buy” rating in a report on Friday, February 21st. Cfra upgraded shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. B. Riley increased their price objective on shares of Booking from $6,000.00 to $6,100.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Finally, BMO Capital Markets increased their price objective on shares of Booking from $5,000.00 to $5,700.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5,299.29.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.

Click here to see Newhouse’s key votes in Congress.

Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.

Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

Booking Company Profile

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.