Allspring Global Investments Holdings LLC Sells 14,915 Shares of Booking Holdings Inc. $BKNG

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 43.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,413 shares of the business services provider’s stock after selling 14,915 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Booking were worth $81,236,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BKNG. CGN Advisors LLC boosted its stake in shares of Booking by 3.6% during the 4th quarter. CGN Advisors LLC now owns 57 shares of the business services provider’s stock worth $305,000 after acquiring an additional 2 shares in the last quarter. Howard Financial Services LTD. grew its holdings in Booking by 1.4% during the fourth quarter. Howard Financial Services LTD. now owns 140 shares of the business services provider’s stock valued at $750,000 after purchasing an additional 2 shares during the last quarter. Traynor Capital Management Inc. grew its holdings in Booking by 1.1% during the fourth quarter. Traynor Capital Management Inc. now owns 187 shares of the business services provider’s stock valued at $1,003,000 after purchasing an additional 2 shares during the last quarter. Norden Group LLC raised its position in shares of Booking by 0.6% in the fourth quarter. Norden Group LLC now owns 322 shares of the business services provider’s stock valued at $1,725,000 after purchasing an additional 2 shares during the period. Finally, Alliance Wealth Advisors LLC raised its position in shares of Booking by 1.9% in the fourth quarter. Alliance Wealth Advisors LLC now owns 106 shares of the business services provider’s stock valued at $568,000 after purchasing an additional 2 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BKNG. Sanford C. Bernstein reiterated a “market perform” rating on shares of Booking in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Booking from $210.00 to $202.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Wall Street Zen cut shares of Booking from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Tigress Financial reaffirmed a “strong-buy” rating and issued a $260.00 price target (up from $244.00) on shares of Booking in a research report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Booking from $224.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $227.29.

Key Headlines Impacting Booking

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Wedbush initiated coverage on Booking Holdings with an “outperform” rating and a $211 price target, implying meaningful upside from current levels and suggesting Wall Street still sees room for the stock to recover. Wedbush initiates coverage on Booking
• Neutral Sentiment: Erste Group slightly lowered its FY2026 EPS estimate for Booking to $10.39 from $10.42, a small reduction but still close to the consensus estimate of $10.43, so the change was not a major earnings shock.
• Negative Sentiment: Recent articles noted that Booking fell more than the broader market, indicating traders were selling the stock alongside a weaker tape and possibly taking profits after its strong run. Why Booking Holdings fell more than broader market

Booking Stock Performance

NASDAQ:BKNG opened at $181.68 on Friday. The company has a 50-day moving average of $169.88 and a 200-day moving average of $179.23. The company has a market capitalization of $140.78 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 1.10 and a beta of 1.07. Booking Holdings Inc. has a 52 week low of $150.14 and a 52 week high of $231.80.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Booking had a net margin of 22.23% and a negative return on equity of 117.14%. The business had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $5.52 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. Sell-side analysts forecast that Booking Holdings Inc. will post 10.43 EPS for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.68 annualized dividend and a dividend yield of 0.9%. Booking’s dividend payout ratio is presently 22.11%.

Insider Activity

In related news, VP Peter J. Millones sold 62,500 shares of Booking stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the completion of the transaction, the vice president directly owned 425,075 shares of the company’s stock, valued at $69,572,025.25. This trade represents a 12.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.16% of the stock is owned by company insiders.

About Booking

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.