Cooper Investors PTY Ltd. decreased its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 30.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,777 shares of the business services provider's stock after selling 784 shares during the quarter. Booking comprises 1.9% of Cooper Investors PTY Ltd.'s portfolio, making the stock its 19th biggest holding. Cooper Investors PTY Ltd.'s holdings in Booking were worth $10,287,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of BKNG. Brighton Jones LLC boosted its stake in Booking by 34.9% during the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after buying an additional 65 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Booking in the fourth quarter valued at $209,000. Fire Capital Management LLC bought a new stake in shares of Booking in the 4th quarter worth about $248,000. Westwood Holdings Group Inc. purchased a new position in shares of Booking during the 4th quarter worth about $348,000. Finally, Waverly Advisors LLC grew its holdings in Booking by 33.7% during the 4th quarter. Waverly Advisors LLC now owns 456 shares of the business services provider's stock valued at $2,267,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 92.42% of the company's stock.
Insider Activity at Booking
In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the sale, the chief executive officer directly owned 23,607 shares of the company's stock, valued at approximately $130,237,930.44. This represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the completion of the sale, the director owned 747 shares in the company, valued at $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,195 shares of company stock valued at $23,467,630 over the last quarter. 0.16% of the stock is owned by corporate insiders.
Booking Stock Performance
NASDAQ:BKNG opened at $5,442.88 on Friday. The firm has a 50-day simple moving average of $5,576.31 and a 200-day simple moving average of $5,229.10. Booking Holdings Inc. has a one year low of $3,985.57 and a one year high of $5,839.41. The firm has a market cap of $176.40 billion, a P/E ratio of 37.85, a P/E/G ratio of 1.60 and a beta of 1.39.
Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $6.80 billion for 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 quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. On average, research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.
Booking Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking's dividend payout ratio is 26.71%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on BKNG. Wells Fargo & Company raised their price objective on shares of Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Barclays raised their price target on Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. DA Davidson upped their price objective on Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Morgan Stanley set a $5,650.00 target price on Booking and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Finally, B. Riley reissued a "buy" rating and set a $6,700.00 target price (up from $6,100.00) on shares of Booking in a research note 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 given a Hold rating to the company. Based on data from MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.
View Our Latest Analysis on BKNG
Booking Profile
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Free Report)
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.
See Also
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