AG2R LA Mondiale Gestion D Actifs Purchases Shares of 1,223 Booking Holdings Inc. $BKNG

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a stake in Booking Holdings Inc. by purchasing 1,223 shares, valued at approximately $5.63 million.
• Insider trading activity includes CEO Glenn D. Fogel selling 1,013 shares, reducing his ownership by 3.95%, while other directors have also sold shares recently.
• Booking Holdings announced a quarterly dividend of $9.60 per share, with an annualized yield of 0.7%.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,223 shares of the business services provider's stock, valued at approximately $5,634,000.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Booking by 521,609.7% in the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after purchasing an additional 2,362,892 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Booking by 1,411.9% in the first quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock valued at $516,900,000 after buying an additional 104,780 shares during the period. AQR Capital Management LLC grew its stake 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 boosted its holdings in Booking by 182.2% in the first quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock worth $482,081,000 after acquiring an additional 67,562 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its holdings in shares of Booking by 127.3% in the fourth quarter. Voloridge Investment Management LLC now owns 81,785 shares of the business services provider's stock valued at $406,342,000 after purchasing an additional 45,808 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 owned 24,620 shares of the company's stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Larry Quinlan sold 64 shares of Booking stock in a transaction on Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the sale, 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. In the last three months, insiders have sold 4,116 shares of company stock worth $22,869,434. 0.16% of the stock is owned by corporate insiders.

Booking Trading Up 0.4%

Shares of BKNG opened at $5,498.00 on Friday. The firm's fifty day simple moving average is $5,599.28 and its 200-day simple moving average is $5,211.57. Booking Holdings Inc. has a twelve month low of $3,813.88 and a twelve month high of $5,839.41. The firm has a market capitalization of $178.19 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 1.58 and a beta of 1.39.

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 for the quarter, beating the consensus estimate of $50.32 by $5.08. The business had revenue of $6.80 billion for 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 business's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $41.90 earnings per share. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's dividend payout ratio (DPR) is 26.71%.

Analyst Ratings Changes

A number of 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 research report on Wednesday, July 30th. Piper Sandler restated a "neutral" rating and set a $5,750.00 price target (up previously from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. UBS Group upped their price target on Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Morgan Stanley set a $5,650.00 price target on Booking and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their price target on 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 investment 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 company. According to data from MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and a consensus target price of $5,808.81.

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.

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