Strathmore Capital Advisors Inc. Invests $1.01 Million in Booking Holdings Inc. $BKNG

Key Points

• Strathmore Capital Advisors Inc. acquired 178 shares of Booking Holdings Inc. in Q2, valued at approximately $1,009,000.
• Booking reported $55.40 EPS for the last quarter, significantly exceeding consensus estimates, with revenue of $6.80 billion, marking a 16.0% year-over-year increase.
• Booking announced a quarterly dividend of $9.60 per share, to be paid on September 30, with a current annualized yield of 0.7%.

Strathmore Capital Advisors Inc. purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 178 shares of the business services provider's stock, valued at approximately $1,009,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in Booking by 521,609.7% in 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 in the last quarter. Pacer Advisors Inc. lifted its holdings in Booking by 1,411.9% in the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock worth $516,900,000 after buying an additional 104,780 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Booking by 79.4% in the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider's stock worth $695,259,000 after buying an additional 68,243 shares in the last quarter. TD Asset Management Inc lifted its holdings in Booking by 182.2% in the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock worth $482,081,000 after buying an additional 67,562 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Booking by 27.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider's stock worth $836,223,000 after buying an additional 39,523 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Up 0.0%

NASDAQ:BKNG traded up $1.56 during trading hours on Friday, reaching $5,444.44. 420,445 shares of the company's stock were exchanged, compared to its average volume of 175,646. The company has a market capitalization of $176.45 billion, a P/E ratio of 37.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39. Booking Holdings Inc. has a 12 month low of $3,985.57 and a 12 month high of $5,839.41. The business's 50-day simple moving average is $5,570.86 and its two-hundred day simple moving average is $5,235.05.

Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on BKNG. Royal Bank Of Canada boosted their price objective on shares of Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. upped their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. UBS Group upped their target price on shares of Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a research note on Monday, July 28th. DA Davidson upped their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Susquehanna upped their target price on shares of Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Three research 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. Based on data from MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and an average target price of $5,808.81.

Insider Activity at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total value of $82,500.00. Following the completion of the sale, the director owned 747 shares in the company, valued at approximately $4,108,500. This represents a 1.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry Quinlan sold 64 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the sale, the director owned 131 shares of the company's stock, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,195 shares of company stock worth $23,467,630. 0.16% of the stock is owned by corporate insiders.

About Booking

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.