Sage Rhino Capital LLC Sells 2 Shares of Booking Holdings Inc. $BKNG

Sage Rhino Capital LLC lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124 shares of the business services provider’s stock after selling 2 shares during the quarter. Sage Rhino Capital LLC’s holdings in Booking were worth $718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Preservation Advisors LLC bought a new stake in Booking in the 1st quarter worth about $28,000. Atwood & Palmer Inc. bought a new position in Booking during the 2nd quarter valued at about $29,000. Keystone Global Partners LLC purchased a new stake in shares of Booking during the 1st quarter valued at about $32,000. O Brien Wealth Partners LLC bought a new stake in shares of Booking in the second quarter worth approximately $35,000. Finally, First PREMIER Bank raised its holdings in shares of Booking by 100.0% during the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total value of $82,500.00. Following the completion of the transaction, the director owned 747 shares of the company’s stock, valued at $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Larry Quinlan sold 64 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total value of $357,575.04. Following the sale, the director owned 195 shares of the company’s stock, valued at $1,089,486.45. This represents a 24.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,195 shares of company stock valued at $23,467,630. Company insiders own 0.16% of the company’s stock.

Booking Stock Down 0.5%

BKNG stock opened at $5,548.00 on Friday. The business’s 50-day moving average price is $5,553.44 and its 200-day moving average price is $5,270.06. The stock has a market cap of $179.81 billion, a P/E ratio of 38.58, a PEG ratio of 1.60 and a beta of 1.39. Booking Holdings Inc. has a twelve month low of $4,060.98 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $6.54 billion. During the same period in the prior year, the firm posted $41.90 EPS. The firm’s quarterly revenue 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s payout ratio is 26.71%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Booking from $5,560.00 to $6,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Wedbush restated a “neutral” rating and issued a $5,900.00 price target on shares of Booking in a research note on Wednesday, July 30th. DA Davidson lifted their price objective on Booking from $5,750.00 to $6,500.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Wells Fargo & Company upped their price objective on Booking from $5,411.00 to $5,418.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Finally, Benchmark reissued a “buy” rating and issued a $6,200.00 target price (up previously from $6,000.00) 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 stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average price target of $5,808.81.

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.