8,907 Shares in Booking Holdings Inc. $BKNG Bought by Strs Ohio

Key Points

• Strs Ohio acquired 8,907 shares of Booking Holdings Inc. in the first quarter, valued at approximately $41 million.
• The company's CEO, Glenn D. Fogel, sold 1,013 shares for a total of $5.5 million, reducing his ownership by 3.95%.
• Booking recently declared a quarterly dividend of $9.60 per share, reflecting an annualized yield of 0.7% and a payout ratio of 26.71%.

Strs Ohio bought a new position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,907 shares of the business services provider's stock, valued at approximately $41,034,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BKNG. Wealth Preservation Advisors LLC purchased a new position in Booking in the first quarter worth $28,000. Keystone Global Partners LLC purchased a new position in Booking in the first quarter worth $32,000. Activest Wealth Management lifted its stake in Booking by 300.0% in the first quarter. Activest Wealth Management now owns 8 shares of the business services provider's stock worth $37,000 after purchasing an additional 6 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in Booking in the first quarter worth $41,000. Finally, WPG Advisers LLC bought a new stake in Booking in the first quarter worth $41,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 24,620 shares in the company, valued at $134,841,031.80. The trade was a 3.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the business's stock in a transaction dated 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 transaction, the director owned 195 shares in the company, valued at $1,089,486.45. This represents a 24.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,116 shares of company stock worth $22,869,434 in the last quarter. 0.16% of the stock is owned by corporate insiders.

Booking Trading Up 0.4%

Shares of NASDAQ:BKNG opened at $5,498.00 on Friday. The company has a market cap of $178.19 billion, a price-to-earnings ratio of 38.24, a price-to-earnings-growth ratio of 1.58 and a beta of 1.39. The company has a 50-day moving average price of $5,599.28 and a 200-day moving average price of $5,211.57. Booking Holdings Inc. has a 12 month low of $3,813.88 and a 12 month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business 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 dividend of $9.60 per share. 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 currently 26.71%.

Analyst Ratings Changes

BKNG has been the subject of several recent research reports. Wedbush reissued a "neutral" rating and issued a $5,900.00 price target on shares of Booking in a research note on Wednesday, July 30th. UBS Group boosted their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Erste Group Bank raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Piper Sandler reissued a "neutral" rating and issued a $5,750.00 price target (up from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada boosted their price target on shares of Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Three 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.