Korea Investment CORP Has $160.89 Million Stock Holdings in Booking Holdings Inc. $BKNG

Key Points

• Korea Investment CORP increased its stake in Booking Holdings Inc. by 2.7% during Q1, now owning 0.11% of the company valued at approximately $160.89 million.
• Booking reported earnings of $55.40 per share for Q2, exceeding analyst estimates, with revenue increasing 16.0% year-over-year to $6.80 billion.
• The company announced a quarterly dividend of $9.60 per share, equating to an annualized yield of 0.7%, to be paid on September 30th to shareholders of record on September 5th.

Korea Investment CORP boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,923 shares of the business services provider's stock after purchasing an additional 918 shares during the quarter. Korea Investment CORP owned approximately 0.11% of Booking worth $160,887,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BKNG. GAMMA Investing LLC boosted its position in Booking by 521,609.7% during the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after purchasing an additional 2,362,892 shares during the period. Pacer Advisors Inc. boosted its position in Booking by 1,411.9% during the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock valued at $516,900,000 after purchasing an additional 104,780 shares during the period. TD Asset Management Inc boosted its position in Booking by 182.2% during the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock valued at $482,081,000 after purchasing an additional 67,562 shares during the period. Northern Trust Corp boosted its position in Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock valued at $1,831,499,000 after purchasing an additional 58,357 shares during the period. Finally, Voloridge Investment Management LLC boosted its position in Booking by 127.3% during the 4th quarter. Voloridge Investment Management LLC now owns 81,785 shares of the business services provider's stock valued at $406,342,000 after purchasing an additional 45,808 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on BKNG shares. Royal Bank Of Canada boosted their price target on Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Wells Fargo & Company boosted their price target on Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Bank of America boosted their price target on Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. DA Davidson boosted their price target on Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Citigroup boosted their price target on Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating 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 data from MarketBeat, Booking currently has a consensus rating of "Moderate Buy" and an average target price of $5,781.04.

Booking Price Performance

Shares of BKNG traded up $10.13 during midday trading on Friday, reaching $5,720.87. The stock had a trading volume of 195,538 shares, compared to its average volume of 209,657. Booking Holdings Inc. has a 52 week low of $3,700.97 and a 52 week high of $5,839.41. The firm's 50 day moving average price is $5,577.51 and its 200-day moving average price is $5,152.49. The company has a market capitalization of $185.41 billion, a P/E ratio of 39.79, a P/E/G 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 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 analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $9.60 per share. 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 payout ratio is 26.71%.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total transaction 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. The trade was a 3.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 4,052 shares of company stock worth $22,511,858 over the last quarter. 0.16% of the stock is owned by insiders.

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.