Allstate Corp Buys 158 Shares of Booking Holdings Inc. $BKNG

Key Points

• Allstate Corp increased its investment in Booking Holdings Inc. by 15.9% during the 1st quarter, acquiring an additional 158 shares to hold a total of 1,152 shares valued at $5.3 million.
• Booking Holdings recently reported quarterly earnings of $55.40 EPS, exceeding analysts' estimates, with revenue of $6.80 billion for the quarter.
• The company announced a quarterly dividend of $9.60 to be paid on September 30th, representing an annual yield of 0.7%.

Allstate Corp boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 15.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,152 shares of the business services provider's stock after buying an additional 158 shares during the period. Allstate Corp's holdings in Booking were worth $5,307,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BKNG. Keystone Global Partners LLC bought a new stake in shares of Booking in the 1st quarter worth about $32,000. Kapitalo Investimentos Ltda purchased a new stake in Booking in the 4th quarter worth about $40,000. Alpine Bank Wealth Management bought a new stake in Booking in the first quarter worth about $41,000. North Capital Inc. purchased a new position in shares of Booking during the first quarter valued at approximately $46,000. Finally, Mechanics Financial Corp bought a new position in shares of Booking during the first quarter valued at approximately $46,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 24,620 shares in the company, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 4,052 shares of company stock worth $22,511,858 over the last ninety days. Corporate insiders own 0.16% of the company's stock.

Booking Stock Up 1.3%

Booking stock opened at $5,710.74 on Friday. The firm has a market cap of $185.09 billion, a P/E ratio of 39.72, a P/E/G ratio of 1.63 and a beta of 1.41. The business has a fifty day moving average of $5,569.06 and a two-hundred day moving average of $5,145.30. Booking Holdings Inc. has a twelve month low of $3,700.97 and a twelve month high of $5,839.41.

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

Booking Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BKNG shares. Truist Financial raised their price target on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a research note on Monday, July 14th. Hsbc Global Res raised shares of Booking to a "strong-buy" rating in a research note on Thursday, July 17th. Bank of America lifted their price objective on shares of Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $5,750.00 target price (up from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $5,781.04.

Booking Company 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.

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