Booking Holdings Inc. $BKNG Shares Bought by UMB Bank n.a.

Key Points

• UMB Bank n.a. increased its investment in Booking Holdings by 73.0%, holding 1,427 shares worth approximately $8.26 million at the end of the second quarter.
• Booking reported a 55.40 EPS for its quarterly earnings, exceeding analysts' estimates of $50.32, with revenue of $6.80 billion, a 16% increase year-over-year.
• The company announced a quarterly dividend of $9.60 per share, reflecting an annualized yield of 0.7%, and insiders sold a total of 4,195 shares valued at over $23 million recently.

UMB Bank n.a. raised its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 73.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,427 shares of the business services provider's stock after buying an additional 602 shares during the period. UMB Bank n.a.'s holdings in Booking were worth $8,261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Booking by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock valued at $13,620,154,000 after acquiring an additional 30,054 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Booking by 521,609.7% during the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after acquiring an additional 2,362,892 shares during the last quarter. Northern Trust Corp boosted its position in shares of Booking by 0.5% during the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider's stock worth $1,706,063,000 after buying an additional 1,699 shares during the period. Deutsche Bank AG lifted its position in shares of Booking by 6.6% during the first quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider's stock worth $1,365,170,000 after purchasing an additional 18,268 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Booking by 3.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider's stock worth $1,023,655,000 after acquiring an additional 8,015 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Price Performance

Shares of BKNG stock opened at $5,444.44 on Friday. The firm has a market cap of $176.45 billion, a P/E ratio of 37.86, a PEG ratio of 1.57 and a beta of 1.39. The firm's 50-day simple moving average is $5,570.86 and its 200-day simple moving average is $5,232.86. Booking Holdings Inc. has a 1-year low of $3,985.57 and a 1-year 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, topping analysts' consensus estimates of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same period in the prior year, the firm posted $41.90 EPS. The business's revenue for the quarter was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Insider Activity at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total value of $82,500.00. Following the completion of the transaction, the director owned 747 shares of the company's stock, valued at approximately $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Larry Quinlan sold 64 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the sale, the director directly owned 131 shares in the company, valued at $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,195 shares of company stock worth $23,467,630. 0.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BKNG. Susquehanna boosted their price objective on Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Wedbush reiterated a "neutral" rating and issued a $5,900.00 price target on shares of Booking in a research report on Wednesday, July 30th. Piper Sandler restated a "neutral" rating and issued a $5,750.00 price target (up previously from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Booking in a research report on Wednesday, July 30th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $6,000.00 price objective (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Three investment 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.

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