Geo Capital Gestora de Recursos Ltd Cuts Position in Booking Holdings Inc. $BKNG

Key Points

• Geo Capital Gestora de Recursos Ltd has reduced its stake in Booking Holdings Inc. by 8.2%, now holding shares worth approximately $2.64 million, which represents 3.7% of its total holdings.
• Multiple institutional investors have recently acquired new stakes in Booking, with a collective majority ownership of 92.42% in the company, indicating strong institutional interest.
• Booking recently announced a quarterly dividend of $9.60 per share, with a yield of 0.7%, and has reported positive quarterly earnings exceeding analysts' expectations.

Geo Capital Gestora de Recursos Ltd cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 573 shares of the business services provider's stock after selling 51 shares during the period. Booking makes up approximately 3.7% of Geo Capital Gestora de Recursos Ltd's portfolio, making the stock its 11th biggest position. Geo Capital Gestora de Recursos Ltd's holdings in Booking were worth $2,640,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Capital Analysts LLC raised its position in shares of Booking by 170.6% in the 1st quarter. Capital Analysts LLC now owns 46 shares of the business services provider's stock worth $213,000 after acquiring an additional 29 shares in the last quarter. Credit Agricole S A raised its position in shares of Booking by 8.6% in the 1st quarter. Credit Agricole S A now owns 37,262 shares of the business services provider's stock worth $171,663,000 after acquiring an additional 2,965 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Booking by 9.2% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,336 shares of the business services provider's stock worth $43,024,000 after acquiring an additional 789 shares in the last quarter. Groupama Asset Managment raised its position in shares of Booking by 11.9% in the 1st quarter. Groupama Asset Managment now owns 517 shares of the business services provider's stock worth $2,396,000 after acquiring an additional 55 shares in the last quarter. Finally, Legacy Financial Advisors Inc. raised its position in shares of Booking by 5.4% in the 1st quarter. Legacy Financial Advisors Inc. now owns 117 shares of the business services provider's stock worth $539,000 after acquiring an additional 6 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 4,052 shares of company stock worth $22,511,858. 0.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BKNG shares. Cantor Fitzgerald reissued a "neutral" rating on shares of Booking in a research report on Wednesday, July 30th. Bank of America raised their target price on Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. DA Davidson raised their target price 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. Susquehanna raised their target price on Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Finally, BMO Capital Markets restated an "outperform" rating and issued a $6,000.00 target price (up from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $5,781.04.

Booking Stock Up 0.2%

BKNG stock traded up $10.13 during mid-day trading on Friday, reaching $5,720.87. 195,538 shares of the company traded hands, compared to its average volume of 209,657. The stock has a market cap of $185.41 billion, a price-to-earnings ratio of 39.79, a P/E/G ratio of 1.65 and a beta of 1.41. Booking Holdings Inc. has a fifty-two week low of $3,700.97 and a fifty-two week high of $5,839.41. The firm's 50 day moving average price is $5,577.51 and its 200 day moving average price is $5,152.49.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

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.