MBB Public Markets I LLC Takes Position in Booking Holdings Inc. $BKNG

Key Points

• MBB Public Markets I LLC purchased 68 shares of Booking Holdings worth approximately $313,000, indicating growing institutional interest in the company.
• CEO Glenn D. Fogel sold 1,013 shares at a total of $5.55 million, resulting in a 3.95% reduction of his stake in the company.
• Booking reported a quarterly EPS of $55.40, surpassing estimates, and experienced a 16% year-over-year revenue growth, reflecting strong financial performance.

MBB Public Markets I LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 68 shares of the business services provider's stock, valued at approximately $313,000.

Several other hedge funds have also added to or reduced their stakes in BKNG. Wealth Preservation Advisors LLC bought a new position in Booking during the first quarter worth about $28,000. Keystone Global Partners LLC bought a new position in Booking during the first quarter worth about $32,000. Activest Wealth Management boosted its holdings in Booking by 300.0% during the first quarter. Activest Wealth Management now owns 8 shares of the business services provider's stock worth $37,000 after buying an additional 6 shares during the last quarter. Alpine Bank Wealth Management bought a new position in Booking during the first quarter worth about $41,000. Finally, WPG Advisers LLC bought a new position in Booking during the first quarter worth about $41,000. Institutional investors own 92.42% of the company's stock.

Booking Stock Down 0.7%

NASDAQ:BKNG traded down $39.68 on Friday, hitting $5,458.32. The stock had a trading volume of 128,764 shares, compared to its average volume of 172,971. The business's fifty day moving average is $5,594.00 and its 200 day moving average is $5,215.75. The company has a market cap of $176.90 billion, a PE ratio of 37.96, a P/E/G ratio of 1.59 and a beta of 1.39. Booking Holdings Inc. has a 52 week low of $3,894.51 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the company earned $41.90 earnings per share. 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 fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given 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 payout ratio is 26.71%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company raised their target price on Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. BTIG Research reissued a "buy" rating and issued a $6,250.00 target price on shares of Booking in a research report on Thursday, September 4th. DA Davidson increased their price objective on Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Benchmark reissued a "buy" rating and set a $6,200.00 target price (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Finally, Barclays upped their price objective on Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Booking currently has a consensus rating of "Moderate Buy" and an average price target of $5,808.81.

Insider Activity

In other news, Director Larry Quinlan sold 64 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total value of $357,575.04. Following the completion of the sale, the director owned 195 shares of the company's stock, valued at approximately $1,089,486.45. The trade was a 24.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $134,841,031.80. The trade was a 3.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,116 shares of company stock valued at $22,869,434. 0.16% of the stock is owned by company 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.