Banco Bilbao Vizcaya Argentaria S.A. Buys 789 Shares of Booking Holdings Inc. $BKNG

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. increased its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 9.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,336 shares of the business services provider's stock after buying an additional 789 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Booking were worth $43,024,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BKNG. Vanguard Group Inc. raised its position in Booking by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock valued at $13,620,154,000 after purchasing an additional 30,054 shares during the period. GAMMA Investing LLC raised its position in Booking by 521,609.7% during the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after purchasing an additional 2,362,892 shares during the period. Northern Trust Corp raised its position in Booking by 0.5% during the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider's stock valued at $1,706,063,000 after purchasing an additional 1,699 shares during the period. Deutsche Bank AG raised its position in Booking by 6.6% during the first quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider's stock valued at $1,365,170,000 after purchasing an additional 18,268 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Booking by 3.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider's stock valued at $1,023,655,000 after purchasing an additional 8,015 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Up 0.2%

NASDAQ:BKNG traded up $10.13 during midday trading on Friday, hitting $5,720.87. The stock had a trading volume of 195,538 shares, compared to its average volume of 209,657. Booking Holdings Inc. has a one year low of $3,700.97 and a one year high of $5,839.41. The company has a market capitalization of $185.41 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 1.65 and a beta of 1.41. The stock has a 50-day moving average of $5,577.51 and a 200 day moving average of $5,152.49.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data 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 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 analysts' expectations of $6.54 billion. During the same quarter in the prior year, the firm earned $41.90 earnings per share. Booking's revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's dividend payout ratio (DPR) is 26.71%.

Analysts Set New Price Targets

BKNG has been the topic of a number of recent research reports. UBS Group upped their price objective on Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Citigroup upped their target price on Booking from $5,560.00 to $6,500.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company upped their target price on Booking from $5,411.00 to $5,418.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Truist Financial upped 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. Finally, Erste Group Bank raised Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Three 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's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5,781.04.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on 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 sale, the chief executive officer owned 24,620 shares of the company's stock, valued at approximately $134,841,031.80. This trade represents 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. Over the last quarter, insiders sold 4,052 shares of company stock worth $22,511,858. 0.16% of the stock is currently owned by company insiders.

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.