Candriam S.C.A. Purchases 349 Shares of Booking Holdings Inc. $BKNG

Key Points

• Candriam S.C.A. increased its stake in Booking Holdings Inc. by purchasing an additional 349 shares, bringing its total holdings to 14,877 shares valued at approximately $68.5 million.
• Booking's stock recently experienced multiple upgrades in price targets by various analysts, with a consensus target price set at $5,781.04 and a majority rating of "Moderate Buy."
• The company reported earnings of $55.40 EPS for the last quarter, exceeding analysts' expectations and indicating a 16.0% revenue growth compared to the previous year.

Candriam S.C.A. grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,877 shares of the business services provider's stock after purchasing an additional 349 shares during the quarter. Candriam S.C.A.'s holdings in Booking were worth $68,537,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BKNG. Vanguard Group Inc. grew its position in Booking by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock worth $13,620,154,000 after acquiring an additional 30,054 shares during the last quarter. GAMMA Investing LLC grew its position in Booking by 521,609.7% during the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after acquiring an additional 2,362,892 shares during the last quarter. Northern Trust Corp grew its position in Booking by 0.5% during the 1st quarter. Northern Trust Corp now owns 370,327 shares of the business services provider's stock worth $1,706,063,000 after acquiring an additional 1,699 shares during the last quarter. Deutsche Bank AG grew its position in Booking by 6.6% during the 1st quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider's stock worth $1,365,170,000 after acquiring an additional 18,268 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Booking by 3.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider's stock worth $1,023,655,000 after acquiring an additional 8,015 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JMP Securities raised their price target on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 30th. BMO Capital Markets reiterated an "outperform" rating and issued a $6,000.00 price objective (up previously from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. DA Davidson increased their price objective on Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Susquehanna increased their price objective 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, Bank of America increased their price objective on Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $5,781.04.

Booking Trading Up 0.9%

Booking stock opened at $5,584.08 on Wednesday. The firm has a market cap of $180.98 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 1.60 and a beta of 1.41. The stock has a fifty day simple moving average of $5,560.61 and a two-hundred day simple moving average of $5,134.80. Booking Holdings Inc. has a 12 month low of $3,665.54 and a 12 month high of $5,839.41.

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

Booking Dividend Announcement

The company also recently disclosed 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 of this dividend is Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking's payout ratio is presently 26.71%.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the completion of the sale, the chief executive officer owned 24,620 shares of the company's stock, valued at $134,841,031.80. The trade was a 3.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 4,052 shares of company stock valued at $22,511,858 over the last three months. Insiders own 0.16% of the company's stock.

About Booking

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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