Booking Holdings Inc. $BKNG Stock Position Lifted by Shell Asset Management Co.

Key Points

• Shel Asset Management Co. increased its stake in Booking Holdings by 6.9%, currently holding 3,512 shares worth approximately $20.3 million.
• Several hedge funds have modified their positions in Booking, including Brighton Jones LLC, which boosted its stake by 34.9% in the last quarter.
• Booking Holdings' recent earnings report showed an EPS of $55.40, exceeding analyst estimates, along with a declared quarterly dividend of $9.60 per share.

Shell Asset Management Co. increased its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 6.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,512 shares of the business services provider's stock after purchasing an additional 228 shares during the period. Booking accounts for 0.7% of Shell Asset Management Co.'s portfolio, making the stock its 17th largest position. Shell Asset Management Co.'s holdings in Booking were worth $20,332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock valued at $1,249,000 after purchasing an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Booking in the fourth quarter valued at approximately $209,000. Rockingstone Advisors LLC increased its holdings in Booking by 22.2% in the 1st quarter. Rockingstone Advisors LLC now owns 165 shares of the business services provider's stock valued at $760,000 after buying an additional 30 shares during the period. Miracle Mile Advisors LLC lifted its holdings in shares of Booking by 16.1% during the 1st quarter. Miracle Mile Advisors LLC now owns 404 shares of the business services provider's stock worth $1,860,000 after acquiring an additional 56 shares during the period. Finally, OLD National Bancorp IN raised its holdings in shares of Booking by 21.9% in the 1st quarter. OLD National Bancorp IN now owns 195 shares of the business services provider's stock worth $898,000 after buying an additional 35 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BKNG shares. Susquehanna raised their target price on Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Cantor Fitzgerald restated a "neutral" rating on shares of Booking in a report on Wednesday, July 30th. Royal Bank Of Canada boosted their target price on Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Erste Group Bank raised Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Finally, Bank of America upped their price objective on Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $5,808.81.

Insider Activity at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the business's stock in a transaction dated 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 completion of the sale, the director owned 195 shares of the company's stock, valued at approximately $1,089,486.45. The trade was a 24.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 24,620 shares in the company, valued at $134,841,031.80. The trade was a 3.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,195 shares of company stock valued at $23,467,630 in the last 90 days. Corporate insiders own 0.16% of the company's stock.

Booking Price Performance

Shares of BKNG opened at $5,419.87 on Tuesday. The firm has a market cap of $175.66 billion, a PE ratio of 37.69, a PEG ratio of 1.56 and a beta of 1.35. The stock's fifty day moving average price is $5,519.78 and its two-hundred day moving average price is $5,313.02. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41.

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 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 analyst estimates of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, September 5th. Booking's dividend payout ratio (DPR) is 26.71%.

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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