Booking Holdings Inc. $BKNG Stake Lifted by BFI Infinity Ltd.

Key Points

• BFI Infinity Ltd. increased its stake in Booking Holdings Inc. by 215.6% in Q2, holding 142 shares valued at approximately $822,000.
• Insider transactions revealed that CEO Glenn D. Fogel sold 1,013 shares for around $5.59 million, reducing his stake by 4.11%.
• Booking reported a quarterly EPS of $55.40, exceeding estimates, with a revenue growth of 16.0% year-over-year, totaling $6.8 billion.

BFI Infinity Ltd. increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 215.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142 shares of the business services provider's stock after buying an additional 97 shares during the quarter. Booking comprises approximately 0.7% of BFI Infinity Ltd.'s holdings, making the stock its 15th largest position. BFI Infinity Ltd.'s holdings in Booking were worth $822,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in Booking by 34.9% during the 4th 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 period. Revolve Wealth Partners LLC acquired a new position in Booking during the 4th quarter worth $209,000. Fifth Third Wealth Advisors LLC boosted its position in Booking by 17.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 395 shares of the business services provider's stock worth $1,820,000 after acquiring an additional 58 shares during the period. Merit Financial Group LLC boosted its position in Booking by 33.4% during the 1st quarter. Merit Financial Group LLC now owns 1,334 shares of the business services provider's stock worth $6,148,000 after acquiring an additional 334 shares during the period. Finally, Smith Anglin Financial LLC boosted its position in Booking by 7.0% during the 1st quarter. Smith Anglin Financial LLC now owns 46 shares of the business services provider's stock worth $213,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the sale, the chief executive officer owned 23,607 shares in the company, valued at $130,237,930.44. This represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total value of $82,500.00. Following the sale, the director owned 747 shares of the company's stock, valued at approximately $4,108,500. The trade was a 1.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,195 shares of company stock worth $23,467,630 in the last 90 days. 0.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BKNG shares. Cantor Fitzgerald reiterated a "neutral" rating on shares of Booking in a research report on Wednesday, July 30th. Erste Group Bank upgraded Booking from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Truist Financial upped their price objective on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a report on Monday, July 14th. Benchmark restated a "buy" rating and issued a $6,200.00 price objective (up previously from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Finally, UBS Group upped their price objective on Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5,808.81.

Booking Stock Down 1.7%

Shares of Booking stock opened at $5,454.81 on Tuesday. The stock's fifty day moving average is $5,548.99 and its 200-day moving average is $5,283.80. The firm has a market capitalization of $176.79 billion, a PE ratio of 37.94, a price-to-earnings-growth ratio of 1.60 and a beta of 1.39. Booking Holdings Inc. has a 12-month low of $4,060.98 and a 12-month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating the consensus estimate of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The firm had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same period in the previous year, the firm earned $41.90 earnings per share. Booking's quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

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

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.

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.