Edmond DE Rothschild Holding S.A. Has $2.22 Million Stake in Booking Holdings Inc. $BKNG

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Booking Holdings Inc. by 27.9%, bringing its holdings to a total value of $2.22 million.
• Several other large investors, including GAMMA Investing LLC and Pacer Advisors Inc., significantly boosted their stakes in Booking during the first quarter, indicating strong institutional interest.
• Booking Holdings recently declared a quarterly dividend of $9.60 per share, reflecting a dividend yield of 0.7% and demonstrating ongoing profitability.

Edmond DE Rothschild Holding S.A. boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 27.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 482 shares of the business services provider's stock after buying an additional 105 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Booking were worth $2,221,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after purchasing an additional 2,362,892 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Booking by 1,411.9% in the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock valued at $516,900,000 after purchasing an additional 104,780 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Booking by 79.4% in the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider's stock valued at $695,259,000 after purchasing an additional 68,243 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Booking by 182.2% in the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock valued at $482,081,000 after purchasing an additional 67,562 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in shares of Booking by 127.3% in the 4th quarter. Voloridge Investment Management LLC now owns 81,785 shares of the business services provider's stock valued at $406,342,000 after purchasing an additional 45,808 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Benchmark restated a "buy" rating and issued a $6,200.00 price target (up from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. Citigroup raised their price target on shares of Booking from $5,560.00 to $6,500.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Morgan Stanley set a $5,650.00 price target on shares of Booking and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Piper Sandler restated a "neutral" rating and issued a $5,750.00 price target (up from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, Evercore ISI lifted their target price on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $5,808.81.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total value 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. The trade was a 3.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 4,052 shares of company stock valued at $22,511,858. 0.16% of the stock is currently owned by insiders.

Booking Price Performance

NASDAQ:BKNG opened at $5,585.86 on Friday. The firm's 50 day simple moving average is $5,619.62 and its 200 day simple moving average is $5,195.63. Booking Holdings Inc. has a one year low of $3,700.97 and a one year high of $5,839.41. The company has a market cap of $181.04 billion, a PE ratio of 38.85, a P/E/G ratio of 1.61 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same period last year, the company earned $41.90 EPS. The firm's revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. Equities research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

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 given a $9.60 dividend. The ex-dividend date is Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking's payout ratio is 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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