Orbis Allan Gray Ltd cut its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 12.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,172 shares of the business services provider's stock after selling 5,975 shares during the period. Orbis Allan Gray Ltd owned approximately 0.13% of Booking worth $194,283,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC increased its holdings in Booking by 27.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after buying an additional 39 shares in the last quarter. Point72 Europe London LLP purchased a new position in Booking in the fourth quarter valued at about $15,054,000. International Assets Investment Management LLC purchased a new position in Booking in the first quarter valued at about $203,000. Perigon Wealth Management LLC increased its holdings in Booking by 9.4% in the first quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock valued at $1,281,000 after buying an additional 24 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings 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 buying an additional 60 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.
Booking Stock Performance
NASDAQ BKNG traded up $77.40 during mid-day trading on Wednesday, reaching $5,582.95. 185,481 shares of the stock were exchanged, compared to its average volume of 244,563. Booking Holdings Inc. has a 1-year low of $3,700.97 and a 1-year high of $5,839.41. The business's fifty day simple moving average is $5,617.88 and its 200 day simple moving average is $5,189.19. The stock has a market capitalization of $180.94 billion, a PE ratio of 38.83, a PEG ratio of 1.61 and a beta of 1.39.
Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter last year, the business earned $41.90 earnings per share. Booking's revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $9.60 per share. The ex-dividend date is Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. Booking's dividend payout ratio (DPR) is 26.71%.
Analysts Set New Price Targets
BKNG has been the subject of a number of research analyst reports. Benchmark reaffirmed 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. Truist Financial increased their price target 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 increased their price target 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. Citigroup increased their price target on shares of Booking from $5,560.00 to $6,500.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company increased their price target on shares of Booking from $5,411.00 to $5,418.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Three research 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5,781.04.
Read Our Latest Stock Analysis on Booking
Insider Transactions at Booking
In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 24,620 shares of the company's stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 4,052 shares of company stock worth $22,511,858 in the last quarter. 0.16% of the stock is currently owned by company insiders.
About Booking
(
Free Report)
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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