Alta Capital Management LLC Sells 253 Shares of Booking Holdings Inc. $BKNG

Key Points

• Alta Capital Management LLC reduced its stake in Booking Holdings Inc. by 2.6% in Q2, selling 253 shares, and now holds 9,439 shares valued at approximately $54.6 million.
• Booking Holdings reported an EPS of $55.40 for the last quarter, exceeding the consensus estimate by $5.08, with revenue of $6.80 billion, up 16% year-over-year.
• The company declared a quarterly dividend of $9.60 per share, representing an annualized yield of 0.8%, with a payout ratio of 26.71%.

Alta Capital Management LLC trimmed its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,439 shares of the business services provider's stock after selling 253 shares during the period. Booking comprises approximately 3.1% of Alta Capital Management LLC's investment portfolio, making the stock its 11th biggest position. Alta Capital Management LLC's holdings in Booking were worth $54,648,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BKNG. Pacer Advisors Inc. increased its holdings in 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 purchasing an additional 104,780 shares during the period. AQR Capital Management LLC increased its holdings in Booking by 79.4% in the first quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider's stock valued at $695,259,000 after purchasing an additional 68,243 shares during the period. TD Asset Management Inc increased 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 valued at $482,081,000 after purchasing an additional 67,562 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Booking by 27.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider's stock valued at $836,223,000 after purchasing an additional 39,523 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Booking by 19.7% in the first quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider's stock valued at $983,707,000 after purchasing an additional 35,171 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Down 3.8%

Booking stock opened at $5,080.86 on Thursday. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The company's 50 day moving average price is $5,475.39 and its two-hundred day moving average price is $5,327.37. The stock has a market cap of $164.67 billion, a P/E ratio of 35.34, a P/E/G ratio of 1.64 and a beta of 1.35.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter last year, the firm earned $41.90 EPS. The company's quarterly revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. On average, equities 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 was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, September 5th. Booking's payout ratio is 26.71%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company increased their price target on Booking from $5,418.00 to $5,443.00 and gave the stock an "equal weight" rating in a report on Monday, October 6th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Booking in a report on Wednesday, July 30th. Susquehanna increased their price target on Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Benchmark restated a "buy" rating and issued a $6,200.00 target price (up from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, Truist Financial raised their target price on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a research note on Monday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Booking currently has an average rating of "Moderate Buy" and an average price target of $5,808.81.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on 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 sale, the chief executive officer 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 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 that occurred on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the sale, the director directly owned 131 shares in the company, valued at $722,045.80. This trade represents a 32.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,169 shares of company stock valued at $11,929,560. 0.16% of the stock is owned by company insiders.

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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