Booking Holdings Inc. $BKNG Shares Bought by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its stake in Booking Holdings Inc. by 15.4% during the second quarter, now holding 592 shares valued at $3,427,000.
• Booking Holdings reported earnings of $55.40 per share for the last quarter, exceeding the consensus estimate by $5.08, with a year-over-year revenue growth of 16.0%.
• The company announced a quarterly dividend of $9.60, indicating an annualized dividend yield of 0.7%, with a payout ratio of 26.71%.

GAMMA Investing LLC boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 15.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 592 shares of the business services provider's stock after purchasing an additional 79 shares during the quarter. GAMMA Investing LLC's holdings in Booking were worth $3,427,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Atwood & Palmer Inc. acquired a new stake in shares of Booking during the second quarter valued at approximately $29,000. Wealth Preservation Advisors LLC bought a new position in shares of Booking in the first quarter valued at approximately $28,000. O Brien Wealth Partners LLC bought a new position in shares of Booking in the second quarter worth about $35,000. First PREMIER Bank increased its stake in Booking by 100.0% during the second quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock valued at $35,000 after acquiring an additional 3 shares during the period. Finally, Keystone Global Partners LLC bought a new stake in Booking in the first quarter valued at $32,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Trading Up 0.2%

Shares of NASDAQ:BKNG traded up $12.69 during mid-day trading on Monday, hitting $5,457.13. 214,392 shares of the company traded hands, compared to its average volume of 186,898. The stock has a 50-day moving average price of $5,564.68 and a two-hundred day moving average price of $5,244.30. Booking Holdings Inc. has a 12-month low of $4,030.69 and a 12-month high of $5,839.41. The stock has a market cap of $176.87 billion, a P/E ratio of 37.95, a P/E/G ratio of 1.57 and a beta of 1.39.

Booking (NASDAQ:BKNG - Get Free Report) last issued 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. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business earned $41.90 earnings per share. 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 Dividend Announcement

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 $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's payout ratio is 26.71%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BKNG shares. Erste Group Bank raised shares of Booking from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Truist Financial lifted their price objective on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a research note on Monday, July 14th. DA Davidson upped their price target on Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Bank of America lifted their price target on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Hsbc Global Res raised shares of Booking to a "strong-buy" rating in a research report on Thursday, July 17th. Three 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $5,808.81.

Insider Activity

In other news, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the transaction, the director owned 747 shares in the company, valued at $4,108,500. This trade represents a 1.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the completion of the transaction, the director directly owned 131 shares in the company, valued at $722,045.80. This trade represents a 32.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,195 shares of company stock valued at $23,467,630 in the last quarter. 0.16% of the stock is currently owned by insiders.

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.