Booking Holdings Inc. $BKNG Stake Lowered by Fiduciary Management Inc. WI

Key Points

• Fiduciary Management Inc. WI holds the largest stake in Booking Holdings Inc., comprising approximately 4.9% of its portfolio valued at $502.29 million, despite a recent 3% reduction in shares owned.
• Booking's stock saw a 1.3% increase, opening at $5,710.74, and major analysts have set new price targets ranging from $5,418.00 to $6,300.00, with an overall consensus rating of "Moderate Buy".
• The company declared a quarterly dividend of $9.60 per share, with a total annualized yield of 0.7%, scheduled for payment on September 30th.

Fiduciary Management Inc. WI lessened its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 109,030 shares of the business services provider's stock after selling 3,335 shares during the quarter. Booking comprises approximately 4.9% of Fiduciary Management Inc. WI's portfolio, making the stock its largest position. Fiduciary Management Inc. WI owned about 0.34% of Booking worth $502,291,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Allstate Corp raised its position in shares of Booking by 15.9% during the 1st quarter. Allstate Corp now owns 1,152 shares of the business services provider's stock valued at $5,307,000 after buying an additional 158 shares during the period. Compound Planning Inc. lifted its position in Booking by 15.6% in the first quarter. Compound Planning Inc. now owns 831 shares of the business services provider's stock valued at $3,828,000 after buying an additional 112 shares during the last quarter. Norinchukin Bank The lifted its position in Booking by 42.6% in the first quarter. Norinchukin Bank The now owns 2,728 shares of the business services provider's stock valued at $12,568,000 after buying an additional 815 shares during the last quarter. CW Advisors LLC boosted its stake in Booking by 13.3% during the first quarter. CW Advisors LLC now owns 221 shares of the business services provider's stock worth $1,023,000 after buying an additional 26 shares during the period. Finally, United Asset Strategies Inc. boosted its stake in Booking by 5.0% during the first quarter. United Asset Strategies Inc. now owns 230 shares of the business services provider's stock worth $1,060,000 after buying an additional 11 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Trading Up 0.2%

Booking stock traded up $10.13 during midday trading on Friday, reaching $5,720.87. 195,538 shares of the stock traded hands, compared to its average volume of 210,195. The company has a 50-day simple moving average of $5,577.51 and a two-hundred day simple moving average of $5,158.26. Booking Holdings Inc. has a 12-month low of $3,700.97 and a 12-month high of $5,839.41. The firm has a market cap of $185.41 billion, a PE ratio of 39.79, a price-to-earnings-growth ratio of 1.65 and a beta of 1.41.

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

Booking Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BKNG. DA Davidson increased their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Robert W. Baird increased their target price on shares of Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Citigroup increased their target price 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. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Finally, Wedbush reaffirmed a "neutral" rating and set a $5,900.00 target price on shares of Booking in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,781.04.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 4,052 shares of company stock valued at $22,511,858. 0.16% of the stock is owned by company 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.