Booking Holdings Inc. $BKNG Shares Sold by Meiji Yasuda Life Insurance Co

Key Points

• Meiji Yasuda Life Insurance Co reduced its stake in Booking Holdings Inc. by 19.9%, ending the first quarter with 677 shares worth approximately $3.12 million.
• Booking Holdings recently announced a quarterly dividend of $9.60 per share, set to be paid on September 30th, representing a yield of 0.7%.
• The company reported earnings of $55.40 per share for the last quarter, exceeding estimates, alongside a 16.0% revenue increase year-over-year to $6.80 billion.

Meiji Yasuda Life Insurance Co decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 19.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 677 shares of the business services provider's stock after selling 168 shares during the period. Meiji Yasuda Life Insurance Co's holdings in Booking were worth $3,119,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BKNG. Brighton Jones LLC grew its stake in shares of Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after buying an additional 65 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Booking in the 4th quarter valued at approximately $209,000. Fire Capital Management LLC purchased a new stake in shares of Booking in the 4th quarter valued at approximately $248,000. Clark Capital Management Group Inc. purchased a new stake in shares of Booking in the 4th quarter valued at approximately $268,000. Finally, Graham Capital Management L.P. purchased a new stake in shares of Booking in the 4th quarter valued at approximately $224,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Trading Down 1.4%

Shares of BKNG opened at $5,505.80 on Monday. Booking Holdings Inc. has a twelve month low of $3,700.97 and a twelve month high of $5,839.41. The firm has a market capitalization of $178.44 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 1.59 and a beta of 1.39. The firm's fifty day simple moving average is $5,615.88 and its 200-day simple moving average is $5,200.02.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The business's quarterly revenue 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, analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Insider Activity

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 24,620 shares of the company's stock, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 4,052 shares of company stock worth $22,511,858 over the last 90 days. Company insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BKNG shares. Barclays increased their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. UBS Group increased their price objective on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Erste Group Bank raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Wells Fargo & Company increased their price objective on shares of Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Bank of America increased their price objective on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Three research 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 company. According to MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and an average target price of $5,808.81.

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.

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