DekaBank Deutsche Girozentrale Raises Position in Booking Holdings Inc. $BKNG

Key Points

• DekaBank Deutsche Girozentrale has increased its stake in Booking Holdings Inc. by 1.4%, now owning approximately 44,018 shares valued at around $253.3 million.
• Booking reported a Q2 EPS of $55.40, exceeding analysts' expectations, alongside a revenue of $6.8 billion—signifying a 16% year-over-year increase.
• The firm recently announced a $9.60 quarterly dividend, translating to an annual yield of 0.7%, with a payout ratio of 26.71%.

DekaBank Deutsche Girozentrale boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,018 shares of the business services provider's stock after buying an additional 590 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.14% of Booking worth $253,300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atwood & Palmer Inc. purchased a new position in Booking in the 2nd quarter valued at about $29,000. Wealth Preservation Advisors LLC purchased a new position in Booking in the 1st quarter valued at about $28,000. O Brien Wealth Partners LLC purchased a new position in Booking in the 2nd quarter valued at about $35,000. First PREMIER Bank lifted its stake in Booking by 100.0% in the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock valued at $35,000 after buying an additional 3 shares in the last quarter. Finally, Keystone Global Partners LLC purchased a new position in Booking in the 1st quarter valued at about $32,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Performance

BKNG opened at $5,141.88 on Tuesday. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41. The stock has a market capitalization of $166.65 billion, a PE ratio of 35.76, a P/E/G ratio of 1.57 and a beta of 1.35. The business's 50 day moving average price is $5,454.63 and its 200 day moving average price is $5,349.06.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 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 firm had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same period in the prior year, the firm posted $41.90 earnings per share. The firm's quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Insider Activity at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of the company's stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the transaction, the director directly owned 732 shares in the company, valued at approximately $3,873,729.36. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the transaction, the chief executive officer owned 23,607 shares in the company, valued at $130,237,930.44. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,197 shares of company stock worth $17,260,963. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of research reports. Evercore ISI raised their price target on shares of Booking from $5,500.00 to $6,250.00 and gave the company an "outperform" rating in a research note 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 stock an "outperform" rating in a report on Wednesday, July 30th. Piper Sandler restated a "neutral" rating and set a $5,750.00 target price (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Benchmark restated a "buy" rating and set a $6,200.00 target price (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Finally, Wells Fargo & Company boosted their target price on Booking from $5,418.00 to $5,443.00 and gave the stock an "equal weight" rating in a report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.

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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