Booking Holdings Inc. $BKNG Shares Purchased by SeaBridge Investment Advisors LLC

Key Points

• SeaBridge Investment Advisors LLC significantly increased its stake in Booking Holdings Inc. by 1,175.4% during Q2, now holding 727 shares valued at approximately $4.21 million.
• Wall Street analysts are optimistic about Booking, with multiple firms raising their target prices, including a forecast of $6,500 from Susquehanna.
• Booking announced a quarterly dividend of $9.60 per share, set to be paid on September 30, reflecting a steady dividend yield of 0.7%.

SeaBridge Investment Advisors LLC raised its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1,175.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 727 shares of the business services provider's stock after buying an additional 670 shares during the quarter. SeaBridge Investment Advisors LLC's holdings in Booking were worth $4,209,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BKNG. Fidelis Capital Partners LLC grew its position in Booking by 1.2% in the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock worth $809,000 after purchasing an additional 2 shares during the last quarter. WNY Asset Management LLC increased its stake in shares of Booking by 3.7% in the first quarter. WNY Asset Management LLC now owns 56 shares of the business services provider's stock valued at $258,000 after purchasing an additional 2 shares during the period. Gries Financial LLC grew its holdings in Booking by 1.6% in the 1st quarter. Gries Financial LLC now owns 125 shares of the business services provider's stock worth $576,000 after buying an additional 2 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in Booking by 0.5% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock valued at $1,854,000 after acquiring an additional 2 shares during the period. Finally, Nicolet Advisory Services LLC increased its position in Booking by 0.8% in the 1st quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider's stock valued at $1,070,000 after acquiring an additional 2 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. BMO Capital Markets reaffirmed an "outperform" rating and set a $6,000.00 target price (up previously from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Wedbush reaffirmed a "neutral" rating and set a $5,900.00 target price on shares of Booking in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their target price on Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Wells Fargo & Company lifted their target price on Booking from $5,411.00 to $5,418.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Susquehanna lifted their target price on Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Three 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5,808.81.

Booking Stock Performance

Shares of BKNG stock opened at $5,548.00 on Friday. Booking Holdings Inc. has a 1 year low of $4,060.98 and a 1 year high of $5,839.41. The stock has a market cap of $179.81 billion, a PE ratio of 38.58, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. The business's fifty day moving average is $5,553.44 and its 200-day moving average is $5,264.07.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. Equities research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

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

Insider Transactions at Booking

In other news, Director Larry Quinlan sold 64 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the sale, the director directly owned 131 shares of the company's stock, valued at $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the sale, the chief executive officer directly owned 23,607 shares in the company, valued at $130,237,930.44. This trade represents a 4.11% 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 three months. Company 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.

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