Allspring Global Investments Holdings LLC reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 43.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,413 shares of the business services provider's stock after selling 14,915 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Booking were worth $81,236,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in BKNG. J. Stern & Co. LLP raised its position in shares of Booking by 191,965.8% in the 4th quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider's stock valued at $15,171,489,000 after purchasing an additional 2,831,495 shares in the last quarter. Norges Bank acquired a new position in Booking during the 4th quarter worth $3,271,041,000. HF Advisory Group LLC grew its holdings in Booking by 28,353.8% during the 4th quarter. HF Advisory Group LLC now owns 204,298 shares of the business services provider's stock worth $1,094,083,000 after acquiring an additional 203,580 shares in the last quarter. Cardano Risk Management B.V. increased its position in shares of Booking by 862.0% in the 4th quarter. Cardano Risk Management B.V. now owns 218,080 shares of the business services provider's stock worth $1,167,890,000 after purchasing an additional 195,411 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Booking by 15.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 966,121 shares of the business services provider's stock worth $5,173,899,000 after purchasing an additional 128,700 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.
Analyst Upgrades and Downgrades
BKNG has been the subject of a number of research reports. UBS Group lifted their price target on Booking from $259.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. HSBC reduced their target price on Booking from $309.84 to $298.00 and set a "buy" rating on the stock in a report on Wednesday, April 29th. Royal Bank Of Canada decreased their target price on Booking from $244.00 to $220.00 and set an "outperform" rating for the company in a research report on Wednesday, April 29th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $175.00 price target (down from $180.00) on shares of Booking in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Booking from $210.00 to $202.00 and set a "buy" rating on the stock in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Booking currently has an average rating of "Moderate Buy" and an average target price of $227.29.
View Our Latest Stock Analysis on BKNG
Insider Activity at Booking
In related news, VP Peter J. Millones sold 62,500 shares of the company's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the transaction, the vice president directly owned 425,075 shares of the company's stock, valued at approximately $69,572,025.25. The trade was a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.16% of the stock is currently owned by company insiders.
Booking Stock Down 1.6%
Shares of NASDAQ BKNG opened at $181.68 on Friday. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $231.80. The company has a market cap of $140.78 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 1.10 and a beta of 1.07. The business has a fifty day simple moving average of $169.88 and a 200-day simple moving average of $179.23.
Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Tuesday, April 28th. The business services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. The company had revenue of $5.53 billion during the quarter, compared to analysts' expectations of $5.52 billion. Booking had a net margin of 22.23% and a negative return on equity of 117.14%. The business's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period last year, the company posted $0.99 earnings per share. As a group, sell-side analysts expect that Booking Holdings Inc. will post 10.43 EPS for the current fiscal year.
Booking Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were issued a $0.42 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.9%. Booking's dividend payout ratio is presently 22.11%.
Key Headlines Impacting Booking
Here are the key news stories impacting Booking this week:
- Positive Sentiment: Wedbush initiated coverage on Booking Holdings with an “outperform” rating and a $211 price target, implying meaningful upside from current levels and suggesting Wall Street still sees room for the stock to recover. Wedbush initiates coverage on Booking
- Neutral Sentiment: Erste Group slightly lowered its FY2026 EPS estimate for Booking to $10.39 from $10.42, a small reduction but still close to the consensus estimate of $10.43, so the change was not a major earnings shock.
- Negative Sentiment: Recent articles noted that Booking fell more than the broader market, indicating traders were selling the stock alongside a weaker tape and possibly taking profits after its strong run. Why Booking Holdings fell more than broader market
About Booking
(
Free Report)
Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company's businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.
Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.
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