Signature Estate & Investment Advisors LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 88 shares of the business services provider's stock, valued at approximately $405,000.
Several other institutional investors and hedge funds have also bought and sold shares of BKNG. GAMMA Investing LLC lifted its position in Booking by 521,609.7% during the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after purchasing an additional 2,362,892 shares during the period. Pacer Advisors Inc. lifted its position in Booking by 1,411.9% during the first quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock worth $516,900,000 after purchasing an additional 104,780 shares during the period. AQR Capital Management LLC lifted its position in Booking by 79.4% during the first quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider's stock worth $695,259,000 after purchasing an additional 68,243 shares during the period. TD Asset Management Inc lifted its position in Booking by 182.2% during the first quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock worth $482,081,000 after purchasing an additional 67,562 shares during the period. Finally, Voloridge Investment Management LLC lifted its position in Booking by 127.3% during the fourth quarter. Voloridge Investment Management LLC now owns 81,785 shares of the business services provider's stock worth $406,342,000 after purchasing an additional 45,808 shares during the period. Institutional investors own 92.42% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on BKNG. B. Riley reissued a "buy" rating and issued a $6,700.00 target price (up previously from $6,100.00) on shares of Booking in a report on Wednesday, July 30th. Piper Sandler reissued a "neutral" rating and issued a $5,750.00 target price (up previously from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. DA Davidson increased their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Erste Group Bank raised shares of Booking from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Finally, Truist Financial increased their target price on shares of Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a report on Monday, July 14th. Three equities research 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $5,808.81.
Get Our Latest Report on BKNG
Booking Price Performance
Booking stock opened at $5,571.83 on Wednesday. The business has a 50 day moving average of $5,608.31 and a 200-day moving average of $5,206.63. Booking Holdings Inc. has a 1 year low of $3,719.34 and a 1 year high of $5,839.41. The company has a market capitalization of $180.58 billion, a P/E ratio of 38.75, a P/E/G ratio of 1.61 and a beta of 1.39.
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 (EPS) 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 company had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter in the prior year, the firm posted $41.90 earnings per share. The firm's revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $9.60 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking's dividend payout ratio is currently 26.71%.
Insider Activity at Booking
In other Booking news, Director Larry Quinlan sold 64 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $5,587.11, for a total transaction 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. This represents a 24.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the 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 transaction of $5,548,089.57. Following the sale, the chief executive officer directly owned 24,620 shares of the company's stock, valued at $134,841,031.80. This represents a 3.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,116 shares of company stock valued at $22,869,434 in the last ninety days. 0.16% of the stock is currently owned by insiders.
About Booking
(
Free Report)
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.
Further Reading
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