Booking Holdings Inc. $BKNG Shares Purchased by Ieq Capital LLC

Key Points

• Ieq Capital LLC has increased its stake in Booking Holdings Inc. by 29.6% in the first quarter, totaling 6,780 shares valued at approximately $31.2 million.
• Analysts have given Booking Holdings a consensus rating of "Moderate Buy" with a target price of $5,781.04, following multiple adjustments from firms like Barclays and Wells Fargo.
• CEO Glenn D. Fogel recently sold 1,013 shares of the company at an average price of $5,476.89, decreasing his holdings by 3.95%.

Ieq Capital LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 29.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,780 shares of the business services provider's stock after purchasing an additional 1,547 shares during the period. Ieq Capital LLC's holdings in Booking were worth $31,233,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC boosted its stake in Booking by 27.3% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after purchasing an additional 39 shares during the period. Point72 Europe London LLP acquired a new stake in shares of Booking in the 4th quarter worth $15,054,000. International Assets Investment Management LLC acquired a new stake in shares of Booking in the 1st quarter worth $203,000. Perigon Wealth Management LLC lifted its stake in shares of Booking by 9.4% in 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. Finally, GAMMA Investing LLC lifted its stake in shares of Booking by 13.2% in 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. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on BKNG. Morgan Stanley set a $5,650.00 target price on shares of Booking and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Hsbc Global Res upgraded shares of Booking to a "strong-buy" rating in a research note on Thursday, July 17th. UBS Group raised their target price on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Wells Fargo & Company increased their price target on shares of Booking from $5,411.00 to $5,418.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Finally, Benchmark reiterated a "buy" rating and issued a $6,200.00 price target (up previously from $6,000.00) on shares of Booking in a report 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5,781.04.

Booking Stock Performance

NASDAQ:BKNG traded down $52.94 during mid-day trading on Friday, hitting $5,599.05. 138,885 shares of the company's stock traded hands, compared to its average volume of 179,989. The firm's 50 day simple moving average is $5,612.10 and its 200 day simple moving average is $5,181.88. Booking Holdings Inc. has a 1 year low of $3,700.97 and a 1 year high of $5,839.41. The company has a market cap of $181.47 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 1.61 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion during 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%. The company's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. On average, research analysts expect 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. Investors 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 annualized dividend and a dividend yield of 0.7%. Booking's dividend payout ratio (DPR) is currently 26.71%.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm's 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 sale, the chief executive officer directly owned 24,620 shares of the company's stock, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 4,052 shares of company stock valued at $22,511,858 over the last 90 days. 0.16% of the stock is currently owned by company insiders.

About Booking

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.