LTS One Management LP Makes New $11.98 Million Investment in Booking Holdings Inc. $BKNG

Key Points

• LTS One Management LP acquired 2,600 shares of Booking Holdings Inc. during the first quarter, totaling approximately $11.98 million and making it the firm's 15th largest position.
• Booking's CEO sold 1,013 shares valued at over $5.5 million, representing a 3.95% decrease in his ownership, while insiders collectively sold over 4,000 shares in the past 90 days.
• The company recently announced a quarterly dividend of $9.60 per share, which will be paid on September 30, 2025, reflecting a 0.7% dividend yield.

LTS One Management LP acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,600 shares of the business services provider's stock, valued at approximately $11,978,000. Booking makes up approximately 3.6% of LTS One Management LP's portfolio, making the stock its 15th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new stake in shares of Booking in the first quarter valued at $28,000. Keystone Global Partners LLC acquired a new stake in Booking in the first quarter worth about $32,000. Kapitalo Investimentos Ltda acquired a new stake in Booking in the fourth quarter worth about $40,000. Alpine Bank Wealth Management acquired a new stake in Booking in the first quarter worth about $41,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in Booking in the fourth quarter worth about $50,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Evercore ISI lifted their price objective on Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. B. Riley reiterated a "buy" rating and issued a $6,700.00 price objective (up from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Wedbush restated a "neutral" rating and set a $5,900.00 target price on shares of Booking in a report on Wednesday, July 30th. Royal Bank Of Canada raised their target price on Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, DA Davidson raised their target price on Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $5,781.04.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the sale, the chief executive officer owned 24,620 shares of the company's stock, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 4,052 shares of company stock valued at $22,511,858. 0.16% of the stock is currently owned by company insiders.

Booking Trading Down 0.9%

Shares of NASDAQ:BKNG traded down $52.94 during trading on Monday, hitting $5,599.05. 138,885 shares of the company's stock traded hands, compared to its average volume of 176,955. Booking Holdings Inc. has a 52 week low of $3,700.97 and a 52 week high of $5,839.41. The company has a market cap of $181.47 billion, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. The company has a 50-day moving average price of $5,612.10 and a 200-day moving average price of $5,183.09.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating the consensus estimate of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The business had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter in the previous year, the business posted $41.90 EPS. Booking's revenue for the quarter was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. On average, analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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 given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's dividend payout ratio (DPR) is currently 26.71%.

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.