Voleon Capital Management LP Raises Position in Booking Holdings Inc. $BKNG

Key Points

• Voleon Capital Management LP increased its stake in Booking Holdings Inc. by 111.5% in Q1, now owning shares valued at approximately $3.29 million.
• Booking reported earnings of $55.40 per share for the recent quarter, exceeding analysts' estimates and showing a revenue increase of 16.0% year-over-year.
• The company announced a quarterly dividend of $9.60 per share, with an annualized yield of 0.7%, reflecting a payout ratio of 26.71%.

Voleon Capital Management LP grew its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 111.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 715 shares of the business services provider's stock after buying an additional 377 shares during the quarter. Voleon Capital Management LP's holdings in Booking were worth $3,294,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Elequin Capital LP boosted its holdings in Booking by 20.0% in the fourth quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock valued at $60,000 after purchasing an additional 2 shares during the period. Fidelis Capital Partners LLC boosted its holdings in Booking by 1.2% in the first quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock valued at $809,000 after purchasing an additional 2 shares during the period. WNY Asset Management LLC boosted its holdings in Booking by 3.7% in the first quarter. WNY Asset Management LLC now owns 56 shares of the business services provider's stock valued at $258,000 after purchasing an additional 2 shares during the period. Gries Financial LLC boosted its holdings in Booking by 1.6% in the first quarter. Gries Financial LLC now owns 125 shares of the business services provider's stock valued at $576,000 after purchasing an additional 2 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings in Booking by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock valued at $1,854,000 after purchasing an additional 2 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BKNG. BTIG Research reiterated a "buy" rating and issued a $6,250.00 target price on shares of Booking in a report on Thursday, September 4th. Erste Group Bank raised Booking from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. UBS Group lifted their price target on Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Susquehanna lifted their price target on Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Finally, Evercore ISI boosted their target price on Booking from $5,500.00 to $6,250.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Three 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 company. According to MarketBeat, Booking has a consensus rating of "Moderate Buy" and an average price target of $5,808.81.

Booking Price Performance

NASDAQ BKNG traded down $97.02 on Wednesday, hitting $5,474.81. 247,054 shares of the company's stock were exchanged, compared to its average volume of 170,010. The firm's 50-day moving average price is $5,603.77 and its two-hundred day moving average price is $5,208.48. Booking Holdings Inc. has a fifty-two week low of $3,719.34 and a fifty-two week high of $5,839.41. The firm has a market cap of $177.44 billion, a price-to-earnings ratio of 38.08, a P/E/G ratio of 1.61 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $9.60 dividend. The ex-dividend date 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 currently 26.71%.

Insider Buying and Selling

In other Booking news, Director Larry Quinlan sold 64 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the sale, the director owned 195 shares in the company, valued at approximately $1,089,486.45. This represents a 24.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total value 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 trade represents a 3.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,116 shares of company stock worth $22,869,434. Insiders own 0.16% of the company's stock.

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.