Bank Pictet & Cie Europe AG Purchases 51 Shares of Booking Holdings Inc. $BKNG

Key Points

• Bank Pictet & Cie Europe AG increased its stake in Booking Holdings Inc. by 2.8% in Q2, purchasing an additional 51 shares, bringing its total holdings to 1,876 shares valued at approximately $10.86 million.
• Several institutional investors have raised their positions in Booking, contributing to a high level of institutional ownership at 92.42%.
• Booking recently announced a quarterly dividend of $9.60 per share, highlighting a dividend yield of 0.7% and a payout ratio of 26.71%.

Bank Pictet & Cie Europe AG grew its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,876 shares of the business services provider's stock after buying an additional 51 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in Booking were worth $10,861,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after purchasing an additional 65 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Booking in the 4th quarter valued at $209,000. Fire Capital Management LLC bought a new position in shares of Booking in the 4th quarter valued at $248,000. Park Square Financial Group LLC acquired a new position in shares of Booking during the 4th quarter worth $79,000. Finally, NorthCrest Asset Manangement LLC raised its holdings in shares of Booking by 7.4% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 131 shares of the business services provider's stock worth $650,000 after buying an additional 9 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Insider Buying and Selling

In other Booking news, Director Larry Quinlan sold 64 shares of the firm's stock in a transaction that occurred on 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 transaction, the director owned 195 shares in the company, valued at approximately $1,089,486.45. This trade represents a 24.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the completion of the transaction, the director owned 747 shares in the company, valued at $4,108,500. This trade represents a 1.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,195 shares of company stock valued at $23,467,630 over the last ninety days. 0.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on BKNG shares. Piper Sandler reaffirmed a "neutral" rating and issued a $5,750.00 price objective (up from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Cantor Fitzgerald reissued a "neutral" rating on shares of Booking in a report on Wednesday, July 30th. Susquehanna lifted their price target on shares of Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a report on Friday, August 1st. Barclays upped their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company increased their price objective on shares of 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. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $5,808.81.

Booking Price Performance

BKNG opened at $5,575.73 on Friday. The firm has a market capitalization of $180.71 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 1.59 and a beta of 1.39. The company's 50 day moving average price is $5,556.53 and its two-hundred day moving average price is $5,255.83. Booking Holdings Inc. has a fifty-two week low of $4,060.98 and a fifty-two week high of $5,839.41.

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, topping the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. Booking's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $9.60 per share. 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 dividend payout ratio (DPR) is 26.71%.

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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