Flputnam Investment Management Co. increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 6.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,534 shares of the business services provider's stock after buying an additional 317 shares during the quarter. Flputnam Investment Management Co.'s holdings in Booking were worth $25,495,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Booking by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock worth $13,620,154,000 after acquiring an additional 30,054 shares during the period. GAMMA Investing LLC grew 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 acquiring an additional 2,362,892 shares during the last quarter. Northern Trust Corp increased its position in Booking by 0.5% during the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider's stock worth $1,706,063,000 after acquiring an additional 1,699 shares during the period. Deutsche Bank AG lifted its position in shares of Booking by 6.6% in the 1st quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider's stock worth $1,365,170,000 after acquiring an additional 18,268 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Booking by 3.7% in 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 in the last quarter. Institutional investors own 92.42% of the company's stock.
Booking Trading Down 1.4%
BKNG stock traded down $75.35 during trading on Friday, hitting $5,500.91. The company had a trading volume of 136,120 shares, compared to its average volume of 244,157. Booking Holdings Inc. has a one year low of $3,700.97 and a one year high of $5,839.41. The business has a 50-day moving average of $5,619.62 and a 200-day moving average of $5,195.63. The stock has a market cap of $178.28 billion, a PE ratio of 38.33, a PEG ratio of 1.61 and a beta of 1.39.
Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter last year, the firm earned $41.90 earnings per share. Booking's quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.
Booking Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking's payout ratio is 26.71%.
Wall Street Analyst Weigh In
Several brokerages have commented on BKNG. BMO Capital Markets restated an "outperform" rating and set a $6,000.00 target price (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Bank of America lifted their price objective on shares of Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Erste Group Bank upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Wedbush reissued a "neutral" rating and set a $5,900.00 price target on shares of Booking in a research report on Wednesday, July 30th. Finally, Evercore ISI raised their price objective on Booking from $5,500.00 to $6,250.00 and gave the company an "outperform" rating in a research 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, Booking presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,808.81.
Read Our Latest Stock Report on Booking
Insider Buying and Selling at Booking
In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 completion of the transaction, the chief executive officer directly owned 24,620 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 4,052 shares of company stock valued at $22,511,858 over the last 90 days. 0.16% of the stock is currently owned by company insiders.
About Booking
(
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.
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