APG Asset Management N.V. Sells 598 Shares of Booking Holdings Inc. $BKNG

Key Points

• APG Asset Management N.V. reduced its stake in Booking Holdings Inc. by 18.7%, selling 598 shares and holding a total of 2,595 shares valued at over $11 million.
• Booking reported $55.40 earnings per share for the last quarter, surpassing analysts' expectations, and its revenue increased by 16% year-over-year.
• A quarterly dividend of $9.60 will be paid to shareholders, which translates to an annualized dividend yield of 0.7%.

APG Asset Management N.V. decreased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 18.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,595 shares of the business services provider's stock after selling 598 shares during the period. APG Asset Management N.V.'s holdings in Booking were worth $11,067,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC increased its position in shares of Booking by 27.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after acquiring an additional 39 shares in the last quarter. Point72 Europe London LLP bought a new stake in shares of Booking during the fourth quarter worth $15,054,000. International Assets Investment Management LLC bought a new stake in shares of Booking during the first quarter worth $203,000. Perigon Wealth Management LLC increased its position in shares of Booking by 9.4% during the first quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock worth $1,281,000 after acquiring an additional 24 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Booking by 13.2% in the first quarter. GAMMA Investing LLC now owns 513 shares of the business services provider's stock valued at $2,363,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Booking Price Performance

BKNG stock traded down $52.94 during trading hours on Friday, reaching $5,599.05. The stock had a trading volume of 138,885 shares, compared to its average volume of 176,955. The stock has a market capitalization of $181.47 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. The stock has a 50-day simple moving average of $5,612.10 and a 200 day simple moving average of $5,183.09. Booking Holdings Inc. has a fifty-two week low of $3,700.97 and a fifty-two week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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 paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking's dividend payout ratio (DPR) is currently 26.71%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BKNG shares. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a research report on Wednesday, July 30th. Susquehanna raised their target price on shares of Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Truist Financial raised their target price on shares of Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a research report on Monday, July 14th. DA Davidson raised their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Benchmark reaffirmed a "buy" rating and issued a $6,200.00 target price (up previously from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $5,781.04.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the completion of the sale, the chief executive officer owned 24,620 shares in the company, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 4,052 shares of company stock worth $22,511,858. Company insiders own 0.16% of the company's stock.

Booking Company 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.