Booking Holdings Inc. $BKNG Stock Position Lifted by Banco BTG Pactual S.A.

Key Points

• Banco BTG Pactual S.A. significantly increased its stake in Booking Holdings Inc. by 378.8% in Q1, now holding 1,082 shares valued at approximately $4.98 million.
• Booking Holdings recently announced a quarterly dividend of $9.60 per share, set to be paid on September 30th, representing a yield of 0.7%.
• Booking's recent earnings report showed a 16% revenue increase year-over-year, with an EPS of $55.40, surpassing analysts' expectations.

Banco BTG Pactual S.A. raised its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 378.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,082 shares of the business services provider's stock after purchasing an additional 856 shares during the quarter. Booking accounts for approximately 1.2% of Banco BTG Pactual S.A.'s portfolio, making the stock its 24th largest holding. Banco BTG Pactual S.A.'s holdings in Booking were worth $4,985,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Elequin Capital LP raised its holdings in shares of Booking by 20.0% in the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after purchasing an additional 2 shares during the period. Fidelis Capital Partners LLC raised its holdings in shares of Booking by 1.2% in the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock worth $809,000 after purchasing an additional 2 shares during the period. WNY Asset Management LLC raised its holdings in shares of Booking by 3.7% in the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider's stock worth $258,000 after purchasing an additional 2 shares during the period. Gries Financial LLC raised its holdings in shares of Booking by 1.6% in the 1st quarter. Gries Financial LLC now owns 125 shares of the business services provider's stock worth $576,000 after purchasing an additional 2 shares during the period. Finally, Sheaff Brock Investment Advisors LLC raised its holdings in shares of Booking by 0.5% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock worth $1,854,000 after purchasing an additional 2 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Trading Up 0.2%

NASDAQ BKNG traded up $10.13 during mid-day trading on Friday, reaching $5,720.87. 195,538 shares of the company's stock traded hands, compared to its average volume of 209,657. Booking Holdings Inc. has a 1-year low of $3,700.97 and a 1-year high of $5,839.41. The company has a fifty day simple moving average of $5,577.51 and a 200-day simple moving average of $5,155.63. The company has a market cap of $185.41 billion, a price-to-earnings ratio of 39.79, a P/E/G ratio of 1.65 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share 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 firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. During the same quarter last year, the firm earned $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. Equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the 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 transaction of $5,548,089.57. Following the transaction, the chief executive officer owned 24,620 shares of the company's stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 4,052 shares of company stock worth $22,511,858. 0.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BKNG. Citigroup increased 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. Benchmark reiterated a "buy" rating and issued a $6,200.00 target price (up previously from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. Erste Group Bank upgraded Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Wedbush reiterated a "neutral" rating and issued a $5,900.00 target price on shares of Booking in a research note on Wednesday, July 30th. Finally, JMP Securities increased their target price on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $5,781.04.

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.