DoubleLine ETF Adviser LP Invests $3.46 Million in Booking Holdings Inc. $BKNG

Key Points

• DoubleLine ETF Adviser LP has acquired 752 shares of Booking Holdings Inc. valued at approximately $3.46 million, making it a 26th biggest position in their portfolio.
• Booking reported $55.40 EPS for the quarter, exceeding analysts' expectations, and experienced a 16% revenue increase year-over-year.
• The company has announced a quarterly dividend of $9.60, with an annualized dividend yield of 0.7%, to be paid on September 30th.

DoubleLine ETF Adviser LP purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 752 shares of the business services provider's stock, valued at approximately $3,464,000. Booking makes up 1.1% of DoubleLine ETF Adviser LP's holdings, making the stock its 26th biggest holding.

Several other large investors have also made changes to their positions in the company. Edmond DE Rothschild Holding S.A. grew its stake in shares of Booking by 27.9% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 482 shares of the business services provider's stock valued at $2,221,000 after buying an additional 105 shares in the last quarter. Clark Capital Management Group Inc. grew its stake in shares of Booking by 22.2% in the 1st quarter. Clark Capital Management Group Inc. now owns 66 shares of the business services provider's stock valued at $304,000 after buying an additional 12 shares in the last quarter. Boothbay Fund Management LLC grew its stake in shares of Booking by 2,274.6% in the 1st quarter. Boothbay Fund Management LLC now owns 2,707 shares of the business services provider's stock valued at $12,471,000 after buying an additional 2,593 shares in the last quarter. Banque Transatlantique SA grew its stake in shares of Booking by 1,593.8% in the 1st quarter. Banque Transatlantique SA now owns 271 shares of the business services provider's stock valued at $1,154,000 after buying an additional 255 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Booking by 7.7% in the 1st quarter. Alliancebernstein L.P. now owns 141,859 shares of the business services provider's stock valued at $653,532,000 after buying an additional 10,157 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Booking Price Performance

Shares of NASDAQ BKNG traded up $63.90 during trading hours on Monday, reaching $5,569.70. The stock had a trading volume of 211,683 shares, compared to its average volume of 244,382. The business's fifty day moving average is $5,615.88 and its two-hundred day moving average is $5,200.02. The company has a market cap of $180.51 billion, a price-to-earnings ratio of 38.73, a PEG ratio of 1.59 and a beta of 1.39. Booking Holdings Inc. has a twelve month low of $3,718.58 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results 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 business had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. During the same period in the prior year, the company posted $41.90 earnings per share. Booking's revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's dividend payout ratio is 26.71%.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction 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 of the company's stock, valued at $134,841,031.80. This represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 4,052 shares of company stock worth $22,511,858 over the last quarter. Corporate insiders own 0.16% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on BKNG shares. BTIG Research reissued a "buy" rating and issued a $6,250.00 price target on shares of Booking in a research note on Thursday. Wedbush restated a "neutral" rating and issued a $5,900.00 target price on shares of Booking in a report 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. UBS Group boosted their target price on Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, Piper Sandler restated a "neutral" rating and issued a $5,750.00 target price (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5,808.81.

Booking Company Profile

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.