Groupama Asset Managment Increases Stake in Booking Holdings Inc. $BKNG

Key Points

• Groupama Asset Management increased its holdings in Booking Holdings Inc. by 11.9%, bringing the total value of its investment to approximately $2.40 million.
• A number of analysts have raised their price targets for Booking, with the consensus target now set at $5,781.04, reflecting a generally positive outlook on the stock.
• Booking recently declared a quarterly dividend of $9.60 per share, providing a yield of 0.7% based on an annualized payout.

Groupama Asset Managment lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 11.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 517 shares of the business services provider's stock after purchasing an additional 55 shares during the period. Groupama Asset Managment's holdings in Booking were worth $2,396,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kingswood Wealth Advisors LLC lifted its stake in shares of Booking by 27.3% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after buying an additional 39 shares in the last quarter. Point72 Europe London LLP purchased a new position in Booking during the fourth quarter valued at $15,054,000. International Assets Investment Management LLC purchased a new position in Booking during the first quarter valued at $203,000. Perigon Wealth Management LLC grew its stake in Booking by 9.4% during the first quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock valued at $1,281,000 after acquiring an additional 24 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Booking by 13.2% during the first quarter. GAMMA Investing LLC now owns 513 shares of the business services provider's stock valued at $2,363,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Price Performance

Shares of BKNG stock traded up $10.13 during mid-day trading on Friday, hitting $5,720.87. The stock had a trading volume of 195,538 shares, compared to its average volume of 209,657. Booking Holdings Inc. has a 12-month low of $3,700.97 and a 12-month high of $5,839.41. The firm has a market capitalization of $185.41 billion, a P/E ratio of 39.79, a price-to-earnings-growth ratio of 1.65 and a beta of 1.41. The firm's 50-day moving average is $5,577.51 and its two-hundred day moving average is $5,155.63.

Booking (NASDAQ:BKNG - Get Free Report) last announced 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. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same period last year, the business posted $41.90 EPS. The business's revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. Analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued 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 dividend payout ratio is currently 26.71%.

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction 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 sale, the chief executive officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 4,052 shares of company stock worth $22,511,858. Corporate insiders own 0.16% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on BKNG. UBS Group raised their target price on shares of Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Robert W. Baird upped their price target on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Wedbush reaffirmed a "neutral" rating and set a $5,900.00 price target on shares of Booking in a research note on Wednesday, July 30th. Finally, B. Riley reaffirmed a "buy" rating and set a $6,700.00 price target (up previously from $6,100.00) on shares of Booking in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and a consensus target price of $5,781.04.

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.