On December 5, 2025, reports surfaced that several large institutional investors had reduced their positions in Booking Holdings. Notably, Dodge & Cox lowered its holdings by 5.9%, selling 45,535 shares, though it still maintains a significant 2.25% stake in the company. Other firms including Mirabella Financial Services, Brown Advisory Inc., and Amundi also reported trimming their stakes in the travel services provider based on prior quarter filings. Concurrently, December 5th marked the ex-dividend date for Booking Holdings' quarterly dividend of $9.60 per share. Shareholders of record on this date are scheduled to receive the payment on December 31st. There was no significant market analysis directly linking the institutional sales or the ex-dividend date to the day's stock performance.