Czech National Bank Has $46.04 Million Stake in Booking Holdings Inc. $BKNG

Key Points

• The Czech National Bank increased its holdings in Booking Holdings Inc. by 4.6%, owning 7,953 shares valued at approximately $46 million.
• Booking's latest earnings report showed $55.40 earnings per share, exceeding estimates by $5.08, with a revenue of $6.80 billion, up 16% year-over-year.
• The company announced a quarterly dividend of $9.60 per share, with an annualized yield of 0.7% and a payout ratio of 26.71%.

Czech National Bank raised its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,953 shares of the business services provider's stock after purchasing an additional 352 shares during the period. Czech National Bank's holdings in Booking were worth $46,042,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BKNG. Brighton Jones LLC boosted its holdings in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after purchasing an additional 65 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Booking during the 4th quarter worth about $209,000. Fire Capital Management LLC bought a new position in shares of Booking during the 4th quarter worth about $248,000. Graham Capital Management L.P. bought a new position in shares of Booking during the 4th quarter worth about $224,000. Finally, Silvercrest Asset Management Group LLC lifted its holdings in shares of Booking by 3.2% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 325 shares of the business services provider's stock worth $1,615,000 after acquiring an additional 10 shares during the period. 92.42% of the stock is owned by institutional investors.

Booking Price Performance

NASDAQ BKNG traded up $1.56 on Friday, hitting $5,444.44. 420,445 shares of the stock were exchanged, compared to its average volume of 175,646. The business's fifty day moving average is $5,570.86 and its 200 day moving average is $5,232.86. Booking Holdings Inc. has a 52 week low of $3,985.57 and a 52 week high of $5,839.41. The company has a market capitalization of $176.45 billion, a PE ratio of 37.86, a P/E/G ratio of 1.57 and a beta of 1.39.

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

Booking Dividend Announcement

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

Insider Activity

In other 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the completion of the transaction, the director directly owned 747 shares in the company, valued at $4,108,500. The trade was a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,195 shares of company stock valued at $23,467,630 over the last ninety days. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BKNG has been the subject of a number of analyst reports. Wedbush reaffirmed a "neutral" rating and set a $5,900.00 price objective on shares of Booking in a report on Wednesday, July 30th. Bank of America lifted their price target on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Cantor Fitzgerald reissued a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Erste Group Bank upgraded shares of Booking from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Finally, UBS Group upped their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a report on Monday, July 28th. Three equities research 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $5,808.81.

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.