Copperleaf Capital LLC Has $1.55 Million Stock Position in Booking Holdings Inc. $BKNG

Key Points

• Copperleaf Capital LLC reduced its stake in Booking Holdings by 36.8% in Q1, owning 337 shares worth approximately $1.55 million after selling 196 shares.
• Booking's CEO, Glenn D. Fogel, sold 1,013 shares for about $5.55 million, decreasing his ownership by 3.95% to 24,620 shares valued at around $134.84 million.
• Booking Holdings reported $55.40 EPS in its latest earnings, exceeding estimates and showing a 16.0% year-over-year revenue growth to $6.80 billion.

Copperleaf Capital LLC decreased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 36.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 337 shares of the business services provider's stock after selling 196 shares during the period. Copperleaf Capital LLC's holdings in Booking were worth $1,553,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after acquiring an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Booking during the fourth quarter valued at $209,000. Fire Capital Management LLC acquired a new position in Booking in the fourth quarter valued at about $248,000. Benjamin Edwards Inc. grew its stake in Booking by 15.2% during the fourth quarter. Benjamin Edwards Inc. now owns 493 shares of the business services provider's stock worth $2,458,000 after buying an additional 65 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Booking during the fourth quarter worth approximately $402,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

NASDAQ:BKNG traded up $63.90 on Monday, hitting $5,569.70. 211,683 shares of the stock were exchanged, compared to its average volume of 244,370. Booking Holdings Inc. has a 52 week low of $3,718.58 and a 52 week high of $5,839.41. The stock has a market capitalization of $180.51 billion, a price-to-earnings ratio of 38.73, a P/E/G ratio of 1.59 and a beta of 1.39. The company's 50-day moving average price is $5,615.88 and its 200 day moving average price is $5,200.02.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter in the previous year, the company earned $41.90 EPS. Booking's revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. As a group, 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $9.60 dividend. 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 dividend payout ratio is 26.71%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BKNG shares. Benchmark reissued a "buy" rating and issued a $6,200.00 target price (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. DA Davidson boosted their price objective 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. UBS Group raised their target price on Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Evercore ISI upped their price target on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Truist Financial increased their price objective on shares of Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a report on Monday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $5,808.81.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on Friday, August 15th. The stock was 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 directly owned 24,620 shares of the company's stock, valued at $134,841,031.80. The trade was a 3.95% 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. In the last 90 days, insiders sold 4,052 shares of company stock valued at $22,511,858. 0.16% of the stock is owned by company insiders.

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.