Federation des caisses Desjardins du Quebec Has $27.68 Million Position in Booking Holdings Inc. $BKNG

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Booking Holdings Inc. by 30.1% during the first quarter, holding 6,007 shares valued at approximately $27.68 million.
• Booking reported a quarterly EPS of $55.40, surpassing estimates and achieving revenue of $6.80 billion, which is a 16% increase compared to the previous year.
• The company declared a quarterly dividend of $9.60, with the payout scheduled for September 30th, resulting in an annualized dividend yield of 0.7%.

Federation des caisses Desjardins du Quebec increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 30.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,007 shares of the business services provider's stock after acquiring an additional 1,390 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Booking were worth $27,682,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BKNG. GAMMA Investing LLC boosted its position in shares of Booking by 521,609.7% in 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. raised its stake in shares of Booking by 1,411.9% in the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock valued at $516,900,000 after acquiring an additional 104,780 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Booking by 182.2% in 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 acquiring an additional 67,562 shares in the last quarter. Voloridge Investment Management LLC raised its stake in shares of Booking by 127.3% in 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 acquiring an additional 45,808 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Booking by 27.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider's stock valued at $836,223,000 after acquiring an additional 39,523 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Stock Down 1.4%

NASDAQ BKNG traded down $80.06 on Friday, reaching $5,505.80. The company had a trading volume of 202,400 shares, compared to its average volume of 166,659. The stock's 50 day moving average is $5,615.88 and its 200-day moving average is $5,198.75. The stock has a market cap of $178.44 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 1.59 and a beta of 1.39. Booking Holdings Inc. has a 52 week low of $3,700.97 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating 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 negative return on equity of 134.19% and a net margin of 19.23%.The firm's revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

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

Wall Street Analysts Forecast Growth

BKNG has been the topic of several recent analyst reports. Wells Fargo & Company lifted 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. BTIG Research reissued a "buy" rating and issued a $6,250.00 price objective on shares of Booking in a research note on Thursday. Morgan Stanley set a $5,650.00 price objective on Booking and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Erste Group Bank upgraded Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada boosted their target price 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. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $5,808.81.

Insider Activity

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the completion of the sale, the chief executive officer directly owned 24,620 shares in the company, valued at $134,841,031.80. This represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 4,052 shares of company stock valued at $22,511,858 in the last ninety days. 0.16% of the stock is owned by corporate insiders.

Booking Company 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.