Point72 Europe London LLP Buys 3,570 Shares of Booking Holdings Inc. $BKNG

Key Points

• Point72 Europe London LLP has significantly increased its holdings in Booking Holdings Inc. by 117.8%, making it the fund's 7th largest position, valued at approximately $30.4 million.
• Booking's quarterly earnings surpassed analysts' expectations, reporting $55.40 earnings per share and $6.80 billion in revenue, marking a 16.0% increase year-over-year.
• The company has declared a quarterly dividend of $9.60 per share, set to be paid on September 30th, representing a yield of about 0.7%.

Point72 Europe London LLP raised its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 117.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,600 shares of the business services provider's stock after acquiring an additional 3,570 shares during the period. Booking comprises about 2.1% of Point72 Europe London LLP's investment portfolio, making the stock its 7th largest position. Point72 Europe London LLP's holdings in Booking were worth $30,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in BKNG. Kingswood Wealth Advisors LLC lifted its stake in Booking by 27.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after buying an additional 39 shares during the period. International Assets Investment Management LLC bought a new position in shares of Booking during the 1st quarter worth approximately $203,000. Perigon Wealth Management LLC boosted its stake in shares of Booking by 9.4% during the 1st quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock worth $1,281,000 after acquiring an additional 24 shares during the period. GAMMA Investing LLC boosted its stake in shares of Booking by 13.2% during the 1st quarter. GAMMA Investing LLC now owns 513 shares of the business services provider's stock worth $2,363,000 after acquiring an additional 60 shares during the period. Finally, Fire Capital Management LLC bought a new position in shares of Booking during the 4th quarter worth approximately $248,000. Institutional investors own 92.42% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on BKNG shares. Barclays lifted their price objective on Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Wedbush reiterated a "neutral" rating and issued a $5,900.00 price target on shares of Booking in a research report on Wednesday, July 30th. Hsbc Global Res upgraded Booking to a "strong-buy" rating in a research report on Thursday, July 17th. Erste Group Bank upgraded Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Finally, BTIG Research reaffirmed a "buy" rating and set a $6,250.00 price target on shares of Booking in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.

Booking Stock Up 0.1%

Shares of BKNG traded up $2.91 during trading hours on Thursday, hitting $5,585.86. The company had a trading volume of 217,968 shares, compared to its average volume of 244,809. Booking Holdings Inc. has a 52-week low of $3,700.97 and a 52-week high of $5,839.41. The firm has a market cap of $181.04 billion, a P/E ratio of 38.85, a P/E/G ratio of 1.61 and a beta of 1.39. The stock's 50 day moving average price is $5,619.83 and its 200 day moving average price is $5,191.90.

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

Booking Dividend Announcement

The firm 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 $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 dividend yield of 0.7%. Booking's dividend payout ratio (DPR) is presently 26.71%.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Friday, August 15th. The shares were 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 of the company's stock, valued at $134,841,031.80. This represents a 3.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 4,052 shares of company stock valued at $22,511,858. 0.16% of the stock is currently 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.