BI Asset Management Fondsmaeglerselskab A S Decreases Stake in Booking Holdings Inc. $BKNG

Key Points

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BI Asset Management Fondsmaeglerselskab A S lowered its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 9.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,326 shares of the business services provider's stock after selling 2,118 shares during the period. Booking comprises about 1.0% of BI Asset Management Fondsmaeglerselskab A S's investment portfolio, making the stock its 17th biggest holding. BI Asset Management Fondsmaeglerselskab A S owned 0.06% of Booking worth $89,033,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Legacy Financial Advisors Inc. grew its holdings in shares of Booking by 5.4% in the first quarter. Legacy Financial Advisors Inc. now owns 117 shares of the business services provider's stock worth $539,000 after acquiring an additional 6 shares during the period. Korea Investment CORP grew its holdings in shares of Booking by 2.7% in the first quarter. Korea Investment CORP now owns 34,923 shares of the business services provider's stock worth $160,887,000 after acquiring an additional 918 shares during the period. Northern Trust Corp grew its holdings in shares of Booking by 0.5% in the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider's stock worth $1,706,063,000 after acquiring an additional 1,699 shares during the period. Brooklyn Investment Group grew its holdings in shares of Booking by 54.6% in the first quarter. Brooklyn Investment Group now owns 334 shares of the business services provider's stock worth $1,534,000 after acquiring an additional 118 shares during the period. Finally, Keystone Global Partners LLC bought a new stake in shares of Booking in the first quarter worth $32,000. Institutional investors own 92.42% of the company's stock.

Booking Price Performance

Shares of NASDAQ BKNG traded up $10.13 during mid-day trading on Friday, reaching $5,720.87. The company's stock had a trading volume of 195,538 shares, compared to its average volume of 209,657. The firm has a market capitalization of $185.41 billion, a PE ratio of 39.79, a P/E/G ratio of 1.65 and a beta of 1.41. The stock has a fifty day moving average of $5,577.51 and a two-hundred day moving average of $5,152.49. Booking Holdings Inc. has a 52 week low of $3,700.97 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The business's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given 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 currently 26.71%.

Wall Street Analyst Weigh In

Several analysts recently commented on BKNG shares. Benchmark reaffirmed a "buy" rating and issued a $6,200.00 price objective (up previously from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Wells Fargo & Company boosted their price target on Booking from $5,411.00 to $5,418.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. DA Davidson boosted their price target on Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Truist Financial boosted their price target on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a report on Monday, July 14th. Finally, Susquehanna boosted their price target on Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and a consensus price target of $5,781.04.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 4,052 shares of company stock valued at $22,511,858 in the last quarter. 0.16% of the stock is currently owned by 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.