Gotham Asset Management LLC Has $24.65 Million Stock Holdings in Booking Holdings Inc. $BKNG

Key Points

• Gotham Asset Management LLC increased its stake in Booking Holdings Inc. by 22.0%, acquiring an additional 966 shares, bringing its total to 5,350 shares valued at approximately $24.6 million.
• Booking reported earnings of $55.40 per share for the most recent quarter, surpassing expectations, with a revenue of $6.80 billion, up 16.0% year-over-year.
• The company declared a quarterly dividend of $9.60 to be paid on September 30th, representing an annualized yield of 0.7%.

Gotham Asset Management LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 22.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,350 shares of the business services provider's stock after acquiring an additional 966 shares during the quarter. Gotham Asset Management LLC's holdings in Booking were worth $24,647,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC grew its holdings in Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after buying an additional 39 shares in the last quarter. Point72 Europe London LLP acquired a new position in Booking in the 4th quarter valued at $15,054,000. International Assets Investment Management LLC acquired a new position in Booking in the 1st quarter valued at $203,000. Perigon Wealth Management LLC grew its holdings in Booking by 9.4% in the 1st quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock valued at $1,281,000 after buying an additional 24 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Booking by 13.2% in the 1st quarter. GAMMA Investing LLC now owns 513 shares of the business services provider's stock valued at $2,363,000 after buying an additional 60 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on BKNG. Evercore ISI upped their price objective on Booking from $5,500.00 to $6,250.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Susquehanna increased their target price on Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Benchmark reissued a "buy" rating and set a $6,200.00 target price (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $6,000.00 target price (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Three 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5,808.81.

Booking Stock Up 0.0%

Booking stock traded up $2.13 during trading hours on Tuesday, hitting $5,571.83. The stock had a trading volume of 156,203 shares, compared to its average volume of 243,879. The stock has a market cap of $180.58 billion, a price-to-earnings ratio of 38.75, a P/E/G ratio of 1.59 and a beta of 1.39. Booking Holdings Inc. has a one year low of $3,719.34 and a one year high of $5,839.41. The business's 50 day simple moving average is $5,611.49 and its 200-day simple moving average is $5,204.07.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating the consensus estimate of $50.32 by $5.08. The firm 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 business's quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the company earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid 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 is presently 26.71%.

Insider Activity

In other news, Director Larry Quinlan sold 64 shares of the stock in a transaction dated 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 sale, the director owned 195 shares of the company's stock, valued at approximately $1,089,486.45. This represents a 24.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the chief executive officer directly 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. In the last three months, insiders sold 4,116 shares of company stock valued at $22,869,434. Insiders own 0.16% of the company's stock.

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.