Alliancebernstein L.P. Boosts Stock Position in Booking Holdings Inc. $BKNG

Key Points

• Alliancebernstein L.P. increased its stake in Booking Holdings Inc. by 7.7%, owning approximately 141,859 shares valued at $653.5 million after purchasing an additional 10,157 shares.
• Booking's stock is currently down 1.7% and has a market cap of approximately $178.43 billion with a PE ratio of 38.29.
• The company recently announced a quarterly dividend of $9.60 per share, which represents a 0.7% yield and will be paid on September 30th.

Alliancebernstein L.P. increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,859 shares of the business services provider's stock after purchasing an additional 10,157 shares during the quarter. Alliancebernstein L.P. owned 0.44% of Booking worth $653,532,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BKNG. Kingswood Wealth Advisors LLC raised its holdings in Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after buying an additional 39 shares during the last quarter. Point72 Europe London LLP purchased a new position in shares of Booking in the 4th quarter worth about $15,054,000. International Assets Investment Management LLC bought a new stake in Booking in the 1st quarter valued at about $203,000. Perigon Wealth Management LLC raised its stake in Booking by 9.4% in the 1st quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock valued at $1,281,000 after acquiring an additional 24 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Booking by 13.2% during the first quarter. GAMMA Investing LLC now owns 513 shares of the business services provider's stock valued at $2,363,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction dated Friday, August 15th. The stock was 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 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 sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 4,052 shares of company stock worth $22,511,858. Corporate insiders own 0.16% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on BKNG. DA Davidson boosted their price objective on Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Barclays upped their target price on Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Wedbush reiterated a "neutral" rating and issued a $5,900.00 price objective on shares of Booking in a report on Wednesday, July 30th. Wells Fargo & Company increased their target price on Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley set a $5,650.00 target price on Booking and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Booking has an average rating of "Moderate Buy" and an average price target of $5,808.81.

Booking Price Performance

Shares of Booking stock traded down $80.06 on Friday, reaching $5,505.80. The company had a trading volume of 202,400 shares, compared to its average volume of 166,659. The firm's 50-day moving average price is $5,615.88 and its two-hundred day moving average price is $5,198.75. Booking Holdings Inc. has a 1 year low of $3,700.97 and a 1 year high of $5,839.41. The firm has a market cap of $178.44 billion, a price-to-earnings ratio of 38.29, a P/E/G ratio of 1.59 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter in the previous year, the business earned $41.90 EPS. Booking's revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's payout ratio is presently 26.71%.

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.