Adams Diversified Equity Fund Inc. Has $32.42 Million Position in Booking Holdings Inc. $BKNG

Key Points

• Adams Diversified Equity Fund Inc. has reduced its stake in Booking Holdings Inc. by 5.1%, now holding 5,600 shares, worth approximately $32.42 million.
• Booking's most recent earnings report showed $55.40 EPS, exceeding analyst expectations and marking a 16% year-over-year revenue increase to $6.80 billion.
• The stock has a current average price target of $5,928.00 and a consensus rating of "Moderate Buy" from analysts.

Adams Diversified Equity Fund Inc. reduced its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,600 shares of the business services provider's stock after selling 300 shares during the period. Booking makes up about 1.2% of Adams Diversified Equity Fund Inc.'s portfolio, making the stock its 23rd biggest holding. Adams Diversified Equity Fund Inc.'s holdings in Booking were worth $32,420,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC lifted its holdings in Booking by 1.2% during the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock worth $809,000 after purchasing an additional 2 shares during the last quarter. WNY Asset Management LLC raised its holdings in Booking by 3.7% in the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider's stock valued at $258,000 after acquiring an additional 2 shares in the last quarter. Gries Financial LLC raised its holdings in Booking by 1.6% in the 1st quarter. Gries Financial LLC now owns 125 shares of the business services provider's stock valued at $576,000 after acquiring an additional 2 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in Booking by 0.5% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock valued at $1,854,000 after acquiring an additional 2 shares in the last quarter. Finally, Nicolet Advisory Services LLC raised its holdings in Booking by 0.8% in the 1st quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider's stock valued at $1,070,000 after acquiring an additional 2 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BMO Capital Markets reaffirmed an "outperform" rating and issued a $6,000.00 price objective (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a report on Wednesday, July 30th. Truist Financial lifted their price objective on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a report on Monday, July 14th. B. Riley reaffirmed a "buy" rating and issued a $6,700.00 price objective (up from $6,100.00) on shares of Booking in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada lifted their price objective on Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $5,928.00.

Booking Stock Up 2.8%

Shares of BKNG opened at $5,286.00 on Wednesday. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The business has a 50-day simple moving average of $5,451.12 and a two-hundred day simple moving average of $5,348.62. The stock has a market cap of $171.32 billion, a PE ratio of 36.76, a PEG ratio of 1.59 and a beta of 1.35.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter in the prior year, the firm earned $41.90 EPS. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued 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 was Friday, September 5th. Booking's dividend payout ratio is presently 26.71%.

Insiders Place Their Bets

In other news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the sale, the director owned 732 shares of the company's stock, valued at approximately $3,873,729.36. This represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the sale, the chief executive officer directly owned 23,607 shares of the company's stock, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,197 shares of company stock valued at $17,260,963 in the last 90 days. Corporate insiders own 0.16% of the company's stock.

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.

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.