AMF Tjanstepension AB Grows Stock Holdings in Booking Holdings Inc. $BKNG

Key Points

• AMF Tjanstepension AB increased its stake in Booking Holdings Inc. by 834.7%, bringing its total holdings to approximately $94.3 million as of the latest SEC filing.
• CEO Glenn D. Fogel sold 1,013 shares of Booking stock, resulting in a 3.95% decrease in his ownership, while insiders overall sold shares worth $23.5 million over the last three months.
• Several analysts have raised their target prices for Booking, with Royal Bank of Canada setting a new target at $6,100, indicating strong market confidence in the company's growth potential.

AMF Tjanstepension AB boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 834.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,291 shares of the business services provider's stock after purchasing an additional 14,548 shares during the quarter. AMF Tjanstepension AB owned about 0.05% of Booking worth $94,325,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BKNG. Pacer Advisors Inc. raised its stake in Booking by 1,411.9% during 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 in the last quarter. AQR Capital Management LLC raised its stake in shares of 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 acquiring an additional 68,243 shares during the period. TD Asset Management Inc raised its stake in shares of 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 acquiring an additional 67,562 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of 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 acquiring an additional 39,523 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of 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 acquiring an additional 35,171 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Insiders Place Their Bets

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. Also, Director Larry Quinlan sold 64 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the completion of the sale, the director owned 195 shares in the company, valued at $1,089,486.45. This represents a 24.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,195 shares of company stock worth $23,467,630 in the last three months. Corporate insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BKNG. Royal Bank Of Canada increased their target price on shares of Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. BMO Capital Markets reissued an "outperform" rating and issued a $6,000.00 target price (up previously from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Truist Financial increased their target price on shares of Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a research note on Monday, July 14th. Erste Group Bank upgraded shares of Booking from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Finally, Piper Sandler restated a "neutral" rating and issued a $5,750.00 price target (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5,807.89.

Booking Price Performance

Shares of Booking stock opened at $5,418.05 on Friday. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The firm's 50-day moving average is $5,524.95 and its two-hundred day moving average is $5,297.52. The stock has a market cap of $175.60 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 1.56 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 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 company had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same period in the prior year, the business earned $41.90 EPS. The firm's quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, September 5th. Booking's dividend payout ratio is presently 26.71%.

Booking 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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