Canada Pension Plan Investment Board Grows Holdings in Booking Holdings Inc. $BKNG

Key Points

• The Canada Pension Plan Investment Board increased its stake in Booking Holdings Inc. by 14.6% during the first quarter, acquiring nearly 30,000 shares.
• Booking reported earnings of $55.40 per share, surpassing estimates, with revenue reaching $6.80 billion, a year-over-year increase of 16.0%.
• The firm declared a quarterly dividend of $9.60 per share, reflecting an annualized yield of 0.7%, set to be paid on September 30th.

Canada Pension Plan Investment Board grew its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 14.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,989 shares of the business services provider's stock after acquiring an additional 3,814 shares during the period. Canada Pension Plan Investment Board owned 0.09% of Booking worth $138,157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BKNG. WPG Advisers LLC bought a new position in shares of Booking during the first quarter worth $41,000. Timucuan Asset Management Inc. FL lifted its position in Booking by 0.5% in the 1st quarter. Timucuan Asset Management Inc. FL now owns 49,522 shares of the business services provider's stock valued at $228,142,000 after acquiring an additional 244 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in Booking by 41.0% in the 1st quarter. Itau Unibanco Holding S.A. now owns 708 shares of the business services provider's stock valued at $3,262,000 after acquiring an additional 206 shares in the last quarter. LTS One Management LP bought a new stake in Booking in the 1st quarter valued at $11,978,000. Finally, OMERS ADMINISTRATION Corp lifted its position in Booking by 5.7% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 2,436 shares of the business services provider's stock valued at $11,222,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 24,620 shares in the company, valued at $134,841,031.80. This represents a 3.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 4,052 shares of company stock worth $22,511,858. 0.16% of the stock is currently owned by corporate insiders.

Booking Price Performance

Booking stock traded down $43.18 during mid-day trading on Thursday, reaching $5,539.78. The stock had a trading volume of 71,067 shares, compared to its average volume of 243,892. The company has a market capitalization of $179.54 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 1.61 and a beta of 1.39. The company has a 50-day moving average price of $5,619.83 and a two-hundred day moving average price of $5,191.90. Booking Holdings Inc. has a one year low of $3,700.97 and a one year high of $5,839.41.

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

Booking Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Susquehanna boosted their price objective on shares of Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a research report on Friday, August 1st. DA Davidson boosted their price objective on shares of Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. BMO Capital Markets reiterated an "outperform" rating and issued a $6,000.00 price target (up from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their price target on shares of Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, UBS Group lifted their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $5,808.81.

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.