B. Metzler seel. Sohn & Co. AG Boosts Holdings in Booking Holdings Inc. $BKNG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Booking Holdings Inc. by 9.6%, acquiring an additional 932 shares, bringing their total holdings to 10,615 shares, valued at approximately $48.9 million.
• CEO Glenn D. Fogel sold 1,013 shares for over $5.5 million, resulting in a 3.95% reduction in his position, while 0.16% of the stock is currently owned by insiders.
• Booking announced a quarterly dividend of $9.60, representing a 0.7% yield, to be paid on September 30th, with a payout ratio of 26.71%.

B. Metzler seel. Sohn & Co. AG grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 9.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,615 shares of the business services provider's stock after purchasing an additional 932 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Booking were worth $48,902,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Keystone Global Partners LLC acquired a new stake in shares of Booking during the 1st quarter worth about $32,000. Kapitalo Investimentos Ltda purchased a new position in shares of Booking during the 4th quarter worth about $40,000. Alpine Bank Wealth Management purchased a new position in shares of Booking during the 1st quarter worth about $41,000. North Capital Inc. purchased a new position in shares of Booking during the 1st quarter worth about $46,000. Finally, Mechanics Financial Corp purchased a new position in shares of Booking during the 1st quarter worth about $46,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the completion of the sale, the chief executive officer directly owned 24,620 shares in the company, valued at approximately $134,841,031.80. The trade was a 3.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 4,052 shares of company stock valued at $22,511,858. 0.16% of the stock is currently owned by insiders.

Booking Stock Up 0.0%

NASDAQ BKNG opened at $5,705.68 on Wednesday. The stock has a market cap of $184.92 billion, a PE ratio of 39.68, a P/E/G ratio of 1.64 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,700.97 and a fifty-two week high of $5,839.41. The business has a 50 day moving average price of $5,592.29 and a two-hundred day moving average price of $5,167.73.

Booking (NASDAQ:BKNG - Get Free Report) last announced its 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. 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 for the quarter, compared to analyst estimates of $6.54 billion. During the same period in the prior year, the company posted $41.90 EPS. Booking's quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 is Friday, September 5th. Booking's payout ratio is 26.71%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Hsbc Global Res upgraded shares of Booking to a "strong-buy" rating in a report on Thursday, July 17th. Cantor Fitzgerald reissued a "neutral" rating on shares of Booking in a research report on Wednesday, July 30th. Bank of America upped their price target on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Robert W. Baird upped their price target on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Truist Financial upped their price target on shares of Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a research report on Monday, July 14th. Three equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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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