Cardano Risk Management B.V. Takes Position in Booking Holdings Inc. $BKNG

Key Points

• Cardano Risk Management B.V. acquired a $122.47 million stake in Booking Holdings, representing 1.6% of its investment portfolio.
• Booking recently declared a quarterly dividend of $9.60, reflecting an annualized yield of 0.7% with a payout ratio of 26.71%.
• Equities research analysts have provided a consensus rating of "Moderate Buy" for Booking, with a target price averaging around $5,808.81.

Cardano Risk Management B.V. bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 21,155 shares of the business services provider's stock, valued at approximately $122,471,000. Booking comprises about 1.6% of Cardano Risk Management B.V.'s investment portfolio, making the stock its 18th largest holding. Cardano Risk Management B.V. owned 0.07% of Booking as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC acquired a new stake in Booking in the first quarter worth about $28,000. Atwood & Palmer Inc. acquired a new stake in Booking in the second quarter worth about $29,000. Keystone Global Partners LLC acquired a new stake in Booking in the first quarter worth about $32,000. O Brien Wealth Partners LLC acquired a new stake in Booking in the second quarter worth about $35,000. Finally, First PREMIER Bank boosted its holdings in Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock worth $35,000 after acquiring an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BKNG shares. Citigroup raised their price target on Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Truist Financial raised their price target on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a report on Monday, July 14th. Susquehanna raised 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. Wedbush reaffirmed a "neutral" rating and set a $5,900.00 target price on shares of Booking in a report on Wednesday, July 30th. Finally, Mizuho started coverage on Booking in a report on Monday, September 29th. They set a "neutral" rating and a $5,975.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Booking has a consensus rating of "Moderate Buy" and a consensus target price of $5,808.81.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 24,620 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the business's 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 completion of the sale, the director owned 747 shares of the company's stock, valued at $4,108,500. This trade represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,195 shares of company stock valued at $23,467,630. 0.16% of the stock is owned by company insiders.

Booking Trading Up 1.2%

Shares of NASDAQ:BKNG opened at $5,191.93 on Friday. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The company has a market capitalization of $168.27 billion, a PE ratio of 36.11, a PEG ratio of 1.48 and a beta of 1.35. The business has a 50 day moving average of $5,496.93 and a two-hundred day moving average of $5,314.60.

Booking (NASDAQ:BKNG - Get Free Report) last announced 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. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same period in the previous year, the company posted $41.90 earnings per share. Booking's revenue for the quarter was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Equities research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a $9.60 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. Booking's payout ratio is presently 26.71%.

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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