Petrus Trust Company LTA Has $253,000 Position in Booking Holdings Inc. $BKNG

Key Points

• Petrus Trust Company LTA reduced its stake in Booking Holdings Inc. by 66.0%, now holding only 55 shares worth $253,000 after selling 107 shares during the first quarter.
• Major institutional investors, including Vanguard Group Inc. and GAMMA Investing LLC, have significantly increased their positions in Booking, contributing to a total institutional ownership of 92.42%.
• Booking's recent earnings report showed a 16.0% year-over-year revenue increase to $6.80 billion, and the company reported earnings per share of $55.40, surpassing analysts' expectations.

Petrus Trust Company LTA trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 66.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55 shares of the business services provider's stock after selling 107 shares during the quarter. Petrus Trust Company LTA's holdings in Booking were worth $253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in BKNG. Elequin Capital LP grew its holdings in Booking by 20.0% during the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock worth $60,000 after acquiring an additional 2 shares during the period. Fidelis Capital Partners LLC lifted its position in shares of Booking by 1.2% during the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock worth $809,000 after buying an additional 2 shares in the last quarter. WNY Asset Management LLC lifted its position in shares of Booking by 3.7% during the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider's stock worth $258,000 after buying an additional 2 shares in the last quarter. Gries Financial LLC increased its stake in shares of Booking by 1.6% during the 1st quarter. Gries Financial LLC now owns 125 shares of the business services provider's stock worth $576,000 after purchasing an additional 2 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its stake in shares of Booking by 0.5% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock worth $1,854,000 after purchasing an additional 2 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Performance

NASDAQ BKNG traded down $39.68 during mid-day trading on Friday, reaching $5,458.32. 128,764 shares of the stock were exchanged, compared to its average volume of 172,971. The business's 50 day moving average is $5,594.00 and its 200-day moving average is $5,214.50. The company has a market capitalization of $176.90 billion, a P/E ratio of 37.96, a P/E/G ratio of 1.59 and a beta of 1.39. Booking Holdings Inc. has a 1 year low of $3,894.51 and a 1 year high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released 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. 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 during the quarter, compared to analysts' expectations of $6.54 billion. During the same period 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. Equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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 given a dividend of $9.60 per share. 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 (DPR) is presently 26.71%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. DA Davidson lifted their price objective on shares of Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. B. Riley reissued a "buy" rating and issued a $6,700.00 price target (up from $6,100.00) on shares of Booking in a research note on Wednesday, July 30th. Cantor Fitzgerald restated a "neutral" rating on shares of Booking in a research report on Wednesday, July 30th. Barclays boosted 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 report on Wednesday, July 30th. Finally, UBS Group increased their price objective on shares of Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $5,808.81.

Insiders Place Their Bets

In other Booking news, Director Larry Quinlan sold 64 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total value of $357,575.04. Following the sale, the director directly owned 195 shares in the company, valued at approximately $1,089,486.45. This trade represents a 24.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 sale, the chief executive officer owned 24,620 shares in the company, valued at approximately $134,841,031.80. This represents a 3.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,116 shares of company stock valued at $22,869,434. 0.16% of the stock is currently owned by corporate insiders.

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.