1832 Asset Management L.P. Sells 25,089 Shares of Booking Holdings Inc. $BKNG

Key Points

• 1832 Asset Management L.P. reduced its stake in Booking Holdings Inc. by 35.3%, now holding 45,968 shares valued at approximately $211.77 million.
• Booking reported a Q2 earnings per share of $55.40, exceeding analyst expectations and reflecting a 16.0% increase in revenue year-over-year.
• The company announced a quarterly dividend of $9.60, with an annualized yield of 0.7%, set to be paid on September 30th.

1832 Asset Management L.P. lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 35.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,968 shares of the business services provider's stock after selling 25,089 shares during the period. 1832 Asset Management L.P. owned about 0.14% of Booking worth $211,770,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Elequin Capital LP raised its position 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 valued at $60,000 after acquiring an additional 2 shares during the period. Fidelis Capital Partners LLC lifted its holdings in shares of Booking by 1.2% during the first quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock worth $809,000 after buying an additional 2 shares in the last quarter. WNY Asset Management LLC raised its stake in Booking by 3.7% in the first quarter. WNY Asset Management LLC now owns 56 shares of the business services provider's stock valued at $258,000 after purchasing an additional 2 shares in the last quarter. Gries Financial LLC raised its stake in Booking by 1.6% in the first quarter. Gries Financial LLC now owns 125 shares of the business services provider's stock valued at $576,000 after purchasing an additional 2 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its stake in Booking by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock valued at $1,854,000 after purchasing an additional 2 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on BKNG. 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 report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Truist Financial boosted their price target on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a report on Monday, July 14th. Hsbc Global Res upgraded Booking to a "strong-buy" rating in a report on Thursday, July 17th. Finally, Erste Group Bank upgraded Booking from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,781.04.

Booking Trading Up 0.2%

Booking stock traded up $10.13 during trading on Friday, hitting $5,720.87. 195,538 shares of the company were exchanged, compared to its average volume of 210,195. The company has a market capitalization of $185.41 billion, a P/E ratio of 39.79, a PEG ratio of 1.65 and a beta of 1.41. The business's 50 day moving average is $5,577.51 and its 200 day moving average is $5,158.26. 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 posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The firm's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. Equities analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 is Friday, September 5th. Booking's dividend payout ratio (DPR) is presently 26.71%.

Insider Activity

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 transaction of $5,548,089.57. Following the transaction, the chief executive officer directly owned 24,620 shares of the company's stock, 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 worth $22,511,858 over the last 90 days. 0.16% of the stock is currently owned by insiders.

Booking 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.