Dodge & Cox trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 776,008 shares of the business services provider's stock after selling 7,564 shares during the quarter. Booking comprises 2.0% of Dodge & Cox's holdings, making the stock its 12th largest position. Dodge & Cox owned approximately 2.38% of Booking worth $3,574,999,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Booking by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock worth $13,620,154,000 after purchasing an additional 30,054 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of 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 worth $10,887,718,000 after purchasing an additional 2,362,892 shares during the last quarter. Northern Trust Corp raised its stake in shares of Booking by 0.5% in the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider's stock worth $1,706,063,000 after purchasing an additional 1,699 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Booking by 6.6% in the first quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider's stock worth $1,365,170,000 after purchasing an additional 18,268 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Booking by 3.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider's stock worth $1,023,655,000 after purchasing an additional 8,015 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 transaction of $5,548,089.57. Following the transaction, the chief executive officer owned 24,620 shares in the company, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 4,052 shares of company stock worth $22,511,858 in the last quarter. Company insiders own 0.16% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently commented on BKNG. DA Davidson raised their target price on Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Piper Sandler reaffirmed 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. Barclays raised their target price on Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised 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. Finally, Citigroup raised their target price on Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and an average price target of $5,781.04.
Read Our Latest Stock Report on BKNG
Booking Price Performance
Shares of NASDAQ:BKNG opened at $5,720.87 on Friday. Booking Holdings Inc. has a 1 year low of $3,700.97 and a 1 year high of $5,839.41. The firm has a market capitalization of $185.41 billion, a PE ratio of 39.79, a P/E/G ratio of 1.65 and a beta of 1.41. The business's 50 day moving average price is $5,577.51 and its 200-day moving average price is $5,152.49.
Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter last year, the business posted $41.90 earnings per share. The firm's revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. As a group, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.
Booking Announces Dividend
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 given a dividend of $9.60 per share. The ex-dividend date is Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. Booking's dividend payout ratio (DPR) is presently 26.71%.
Booking Profile
(
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Booking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booking wasn't on the list.
While Booking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
MarketBeat All Access