AQR Capital Management LLC raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 79.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,206 shares of the business services provider's stock after purchasing an additional 68,243 shares during the period. Booking accounts for about 0.7% of AQR Capital Management LLC's holdings, making the stock its 9th biggest position. AQR Capital Management LLC owned 0.47% of Booking worth $695,259,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Wealth Preservation Advisors LLC purchased a new position in Booking during the first quarter valued at approximately $28,000. Keystone Global Partners LLC purchased a new position in Booking during the first quarter valued at approximately $32,000. Activest Wealth Management grew its stake in Booking by 300.0% during the first quarter. Activest Wealth Management now owns 8 shares of the business services provider's stock valued at $37,000 after acquiring an additional 6 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in Booking during the first quarter valued at approximately $41,000. Finally, WPG Advisers LLC purchased a new position in Booking during the first quarter valued at approximately $41,000. Hedge funds and other institutional investors own 92.42% of the company's stock.
Insider Buying and Selling
In related news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the completion of the sale, the chief executive officer directly owned 24,620 shares in the company, valued at $134,841,031.80. This represents a 3.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders have sold 4,052 shares of company stock worth $22,511,858. Corporate insiders own 0.16% of the company's stock.
Booking Stock Performance
Shares of BKNG opened at $5,505.55 on Wednesday. The firm has a market cap of $178.43 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 1.61 and a beta of 1.39. Booking Holdings Inc. has a fifty-two week low of $3,700.97 and a fifty-two week high of $5,839.41. The firm has a 50 day moving average price of $5,617.88 and a 200-day moving average price of $5,189.19.
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 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 net margin of 19.23% and a negative return on equity of 134.19%. The business's quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued 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 is currently 26.71%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on BKNG shares. BMO Capital Markets reaffirmed an "outperform" rating and set a $6,000.00 price objective (up previously from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. B. Riley reaffirmed a "buy" rating and set a $6,700.00 price objective (up previously from $6,100.00) on shares of Booking in a research note on Wednesday, July 30th. Wells Fargo & Company boosted 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. Citigroup boosted their price target on shares of Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada boosted their price target on shares of Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,781.04.
View Our Latest Stock Analysis on BKNG
Booking Profile
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Booking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booking wasn't on the list.
While Booking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
