Booking Holdings Inc. $BKNG Shares Sold by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC reduced its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 5.3%, now holding approximately $4.15 million in stock after selling 50 shares.
• Booking reported a quarterly earnings per share of $55.40, exceeding estimates by $5.08, with revenue of $6.80 billion, up 16% year-over-year.
• The company declared a quarterly dividend of $9.60 per share, payable on September 30th, representing an annualized yield of 0.7%.

Bridgeway Capital Management LLC lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 5.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 900 shares of the business services provider's stock after selling 50 shares during the period. Bridgeway Capital Management LLC's holdings in Booking were worth $4,146,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Booking by 521,609.7% in the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after purchasing an additional 2,362,892 shares during the last quarter. Pacer Advisors Inc. raised its stake in Booking by 1,411.9% during the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock worth $516,900,000 after acquiring an additional 104,780 shares in the last quarter. AQR Capital Management LLC lifted its position in Booking by 79.4% in the first quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider's stock valued at $695,259,000 after acquiring an additional 68,243 shares during the last quarter. TD Asset Management Inc boosted its stake in Booking by 182.2% in the first quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock valued at $482,081,000 after acquiring an additional 67,562 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in shares of Booking by 127.3% during the fourth quarter. Voloridge Investment Management LLC now owns 81,785 shares of the business services provider's stock worth $406,342,000 after purchasing an additional 45,808 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the 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 sale, the chief executive officer directly owned 24,620 shares of the company's stock, valued at approximately $134,841,031.80. This represents a 3.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 4,052 shares of company stock valued at $22,511,858. 0.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Truist Financial boosted their target price on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a report on Monday, July 14th. B. Riley restated a "buy" rating and issued a $6,700.00 price objective (up from $6,100.00) on shares of Booking in a research note on Wednesday, July 30th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Evercore ISI boosted their price target on Booking from $5,500.00 to $6,250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $5,750.00 price objective (up from $5,077.00) on shares of Booking 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. According to MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,808.81.

Booking Stock Performance

BKNG stock traded up $63.90 during trading on Monday, reaching $5,569.70. 211,683 shares of the company were exchanged, compared to its average volume of 167,337. Booking Holdings Inc. has a 52-week low of $3,718.58 and a 52-week high of $5,839.41. The company has a market cap of $180.51 billion, a P/E ratio of 38.73, a PEG ratio of 1.59 and a beta of 1.39. The stock's 50 day moving average price is $5,611.49 and its 200 day moving average price is $5,204.07.

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 (EPS) for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The company had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company's revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

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