Booking Holdings Inc. $BKNG Shares Bought by SVB Wealth LLC

Key Points

• SVB Wealth LLC increased its holdings in Booking Holdings Inc. by 25.8% during the 1st quarter, owning 745 shares valued at approximately $3.43 million.
• Booking reported earnings of $55.40 per share, surpassing analysts' expectations and showing a 16.0% year-over-year revenue growth.
• The company declared a quarterly dividend of $9.60 to be paid on September 30, representing an annualized yield of 0.7%.

SVB Wealth LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 25.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 745 shares of the business services provider's stock after buying an additional 153 shares during the quarter. SVB Wealth LLC's holdings in Booking were worth $3,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Kingswood Wealth Advisors LLC grew its stake in shares of Booking by 27.3% in the first 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 during the 4th quarter worth $15,054,000. International Assets Investment Management LLC acquired a new position in Booking during the 1st quarter worth $203,000. Perigon Wealth Management LLC grew its stake in Booking by 9.4% during the 1st quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock worth $1,281,000 after purchasing an additional 24 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Booking by 13.2% during the 1st quarter. GAMMA Investing LLC now owns 513 shares of the business services provider's stock worth $2,363,000 after purchasing an additional 60 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. DA Davidson boosted their target price on Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Cantor Fitzgerald reissued a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Erste Group Bank raised Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Morgan Stanley set a $5,650.00 target price on Booking and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. 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 note on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $5,781.04.

Booking Stock Down 1.6%

BKNG traded down $90.00 on Wednesday, hitting $5,615.68. 151,206 shares of the company traded hands, compared to its average volume of 246,264. The company has a 50 day moving average of $5,592.29 and a 200-day moving average of $5,167.73. The stock has a market capitalization of $182.00 billion, a PE ratio of 39.05, a PEG ratio of 1.64 and a beta of 1.41. Booking Holdings Inc. has a 12-month low of $3,700.97 and a 12-month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its 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 negative return on equity of 134.19% and a net margin of 19.23%.The company had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter in the previous year, the firm posted $41.90 EPS. The firm's quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer owned 24,620 shares in the company, valued at $134,841,031.80. This represents a 3.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 4,052 shares of company stock valued at $22,511,858. Corporate insiders own 0.16% of the company's stock.

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.