Booking Holdings Inc. $BKNG Shares Purchased by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC increased its stake in Booking Holdings Inc. by 509.3%, owning 3,004 shares worth approximately $17.4 million after acquiring 2,511 new shares in the second quarter.
• Booking's latest quarterly earnings showed an EPS of $55.40, exceeding estimates by $5.08, with revenues up 16% year-over-year at $6.80 billion.
• The company announced a quarterly dividend of $9.60 per share, with an ex-dividend date set for September 5th, reflecting a 0.7% dividend yield.

Exchange Traded Concepts LLC increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 509.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,004 shares of the business services provider's stock after acquiring an additional 2,511 shares during the period. Exchange Traded Concepts LLC's holdings in Booking were worth $17,391,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Elequin Capital LP increased its holdings in shares of Booking by 20.0% in the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock valued at $60,000 after purchasing an additional 2 shares during the last quarter. Fidelis Capital Partners LLC grew 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 purchasing an additional 2 shares during the last quarter. WNY Asset Management LLC boosted its holdings 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 acquiring an additional 2 shares during the last quarter. Gries Financial LLC boosted its position in shares of Booking by 1.6% during the 1st 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 boosted its position in shares of Booking by 0.5% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock worth $1,854,000 after purchasing an additional 2 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Insider Activity at Booking

In other news, Director Larry Quinlan sold 64 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total value of $357,575.04. Following the completion of the transaction, the director owned 195 shares in the company, valued at $1,089,486.45. The trade was a 24.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm's 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 transaction, the chief executive officer 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,195 shares of company stock worth $23,467,630. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BKNG. UBS Group lifted their price target on Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Susquehanna upped their target price on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Wedbush restated a "neutral" rating and issued a $5,900.00 price target on shares of Booking in a research report on Wednesday, July 30th. Truist Financial increased their price objective on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a report on Monday, July 14th. Finally, 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 report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5,808.81.

Booking Stock Performance

Shares of NASDAQ:BKNG traded up $1.56 during trading on Friday, hitting $5,444.44. 420,445 shares of the stock were exchanged, compared to its average volume of 175,646. Booking Holdings Inc. has a 1-year low of $3,985.57 and a 1-year high of $5,839.41. The company's fifty day simple moving average is $5,570.86 and its 200-day simple moving average is $5,235.05. The company has a market capitalization of $176.45 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39.

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 for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. Booking's revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the company posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 of this dividend is Friday, September 5th. Booking's payout ratio is currently 26.71%.

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.