15,969 Shares in Booking Holdings Inc. $BKNG Acquired by Dorsey Asset Management LLC

Key Points

• Dorsey Asset Management LLC acquired 15,969 shares of Booking Holdings Inc., valued at approximately $73.57 million, making it the firm's 6th largest position.
• Booking's CEO, Glenn D. Fogel, sold 1,013 shares for over $5.5 million, which represents a 3.95% decrease in his ownership.
• Analysts have boosted their price targets for Booking, with Royal Bank of Canada raising it from $5,900 to $6,100, reflecting strong confidence in the company's prospects.

Dorsey Asset Management LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,969 shares of the business services provider's stock, valued at approximately $73,568,000. Booking makes up 7.8% of Dorsey Asset Management LLC's holdings, making the stock its 6th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. DoubleLine ETF Adviser LP acquired a new stake in Booking in the first quarter valued at $3,464,000. Edmond DE Rothschild Holding S.A. increased its stake in shares of Booking by 27.9% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 482 shares of the business services provider's stock worth $2,221,000 after purchasing an additional 105 shares during the last quarter. Clark Capital Management Group Inc. raised its holdings in shares of Booking by 22.2% in the 1st quarter. Clark Capital Management Group Inc. now owns 66 shares of the business services provider's stock valued at $304,000 after purchasing an additional 12 shares during the period. Boothbay Fund Management LLC lifted its stake in Booking by 2,274.6% in the 1st quarter. Boothbay Fund Management LLC now owns 2,707 shares of the business services provider's stock valued at $12,471,000 after purchasing an additional 2,593 shares during the last quarter. Finally, Banque Transatlantique SA grew its holdings in Booking by 1,593.8% during the first quarter. Banque Transatlantique SA now owns 271 shares of the business services provider's stock worth $1,154,000 after purchasing an additional 255 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the transaction, the chief executive officer directly owned 24,620 shares in the company, valued at approximately $134,841,031.80. This represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 4,052 shares of company stock valued at $22,511,858 in the last 90 days. Corporate insiders own 0.16% of the company's stock.

Booking Stock Up 1.2%

Shares of Booking stock traded up $63.90 during trading on Monday, reaching $5,569.70. The company's stock had a trading volume of 211,683 shares, compared to its average volume of 244,382. The business's 50-day moving average price is $5,615.88 and its 200-day moving average price is $5,200.02. Booking Holdings Inc. has a 52 week low of $3,718.58 and a 52 week high of $5,839.41. The firm has a market cap of $180.51 billion, a PE ratio of 38.73, a P/E/G ratio of 1.59 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating 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 business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same period in the prior year, the company posted $41.90 earnings per share. Booking's revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. Equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have issued reports on BKNG. Truist Financial upped their price objective on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a research note on Monday, July 14th. Barclays lifted their target price on Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Erste Group Bank upgraded Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Benchmark reaffirmed a "buy" rating and set a $6,200.00 price objective (up from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their price objective on shares of Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.

Booking 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.