Evergreen Capital Management LLC Decreases Position in Booking Holdings Inc. $BKNG

Key Points

• Evergreen Capital Management LLC has reduced its holdings in Booking Holdings Inc. by 20.3%, now owning 724 shares valued at approximately $3.34 million.
• Booking Holdings announced a quarterly dividend of $9.60 per share, with an annualized yield of 0.7%, payable on September 30th.
• The company's recent earnings report showed an EPS of $55.40, surpassing analyst expectations, with revenues of $6.80 billion, up 16.0% year-over-year.

Evergreen Capital Management LLC trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 20.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 724 shares of the business services provider's stock after selling 184 shares during the quarter. Evergreen Capital Management LLC's holdings in Booking were worth $3,335,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Booking by 1.0% during 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 period. GAMMA Investing LLC raised its stake in Booking by 521,609.7% during 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 period. Northern Trust Corp raised its position in shares of Booking by 0.5% during the 1st quarter. Northern Trust Corp now owns 370,327 shares of the business services provider's stock valued at $1,706,063,000 after buying an additional 1,699 shares during the period. Deutsche Bank AG raised its position in shares of Booking by 6.6% during the 1st quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider's stock valued at $1,365,170,000 after buying an additional 18,268 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Booking by 3.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider's stock valued at $1,023,655,000 after buying an additional 8,015 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Susquehanna boosted their price target on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Wells Fargo & Company upped their price objective on Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. DA Davidson increased their price objective on shares of Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Hsbc Global Res upgraded Booking to a "strong-buy" rating in a report on Thursday, July 17th. Three 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, Booking presently has an average rating of "Moderate Buy" and a consensus price target of $5,781.04.

Booking Stock Performance

BKNG traded up $77.40 during trading on Wednesday, reaching $5,582.95. The company's stock had a trading volume of 185,342 shares, compared to its average volume of 244,504. Booking Holdings Inc. has a 52-week low of $3,700.97 and a 52-week high of $5,839.41. The company's fifty day moving average price is $5,617.88 and its 200-day moving average price is $5,189.19. The company has a market capitalization of $180.94 billion, a price-to-earnings ratio of 38.83, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share 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 the consensus estimate of $6.54 billion. During the same period in the previous year, the business earned $41.90 earnings per share. The company's revenue for the quarter was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. Equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given 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 is Friday, September 5th. Booking's payout ratio is presently 26.71%.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the sale, the chief executive officer owned 24,620 shares of the company's stock, valued at approximately $134,841,031.80. The trade was a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 4,052 shares of company stock worth $22,511,858 over the last quarter. 0.16% of the stock is currently owned by insiders.

Booking 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.