Glenview Trust co Has $4.39 Million Stock Holdings in Booking Holdings Inc. $BKNG

Key Points

• Glenview Trust Co significantly increased its stake in Booking Holdings Inc., raising it by 1,047.0% and holding a total of $4.39 million in stock as of the latest SEC filing.
• Booking Holdings reported a quarterly earnings per share (EPS) of $55.40, exceeding expectations, with revenue of $6.80 billion, reflecting a 16.0% increase year-over-year.
• The company announced a quarterly dividend of $9.60 per share, with a payout ratio of 26.71%, set to be paid on September 30th.

Glenview Trust co lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1,047.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 952 shares of the business services provider's stock after buying an additional 869 shares during the quarter. Glenview Trust co's holdings in Booking were worth $4,386,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Ilmarinen Mutual Pension Insurance Co lifted its stake in shares of Booking by 14.4% during the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 5,150 shares of the business services provider's stock worth $23,726,000 after buying an additional 650 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Booking by 8.3% during the 1st quarter. Woodline Partners LP now owns 5,430 shares of the business services provider's stock worth $25,016,000 after buying an additional 414 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Booking by 4.3% during the 1st quarter. Empowered Funds LLC now owns 2,126 shares of the business services provider's stock worth $9,794,000 after buying an additional 88 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in shares of Booking during the 1st quarter worth about $313,000. Finally, Ascent Group LLC lifted its stake in shares of Booking by 67.4% during the 1st quarter. Ascent Group LLC now owns 323 shares of the business services provider's stock worth $1,488,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on BKNG. Wells Fargo & Company raised their target price on shares of Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Erste Group Bank upgraded shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Hsbc Global Res upgraded shares of Booking to a "strong-buy" rating in a research note on Thursday, July 17th. Finally, Morgan Stanley set a $5,650.00 price objective on shares of Booking and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Three investment 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. According to MarketBeat, Booking has an average rating of "Moderate Buy" and an average target price of $5,808.81.

Booking Trading Down 1.7%

Shares of NASDAQ:BKNG opened at $5,474.81 on Thursday. The firm has a 50 day moving average of $5,603.77 and a 200-day moving average of $5,208.48. The stock has a market capitalization of $177.44 billion, a PE ratio of 38.08, a PEG ratio of 1.61 and a beta of 1.39. Booking Holdings Inc. has a 12 month low of $3,719.34 and a 12 month high of $5,839.41.

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

Booking Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 0.7%. Booking's payout ratio is presently 26.71%.

Insider Activity at Booking

In other news, Director Larry Quinlan sold 64 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $5,587.11, for a total value of $357,575.04. Following the completion of the transaction, the director directly owned 195 shares in the company, valued at approximately $1,089,486.45. The trade was a 24.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $5,548,089.57. Following the completion of the transaction, the chief executive officer owned 24,620 shares of the company's stock, valued at $134,841,031.80. The trade was a 3.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,116 shares of company stock valued at $22,869,434 over the last 90 days. Corporate insiders own 0.16% of the company's stock.

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.

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