Booking Holdings Inc. $BKNG Shares Sold by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC sold 58 shares of Booking Holdings Inc., reducing its stake by 0.3% in the first quarter, leaving it with 16,986 shares valued at approximately $78.25 million.
• Recent analyst upgrades have raised the price targets for Booking's stock, with UBS Group setting a new price target of $6,300.00 and BMO Capital Markets increasing theirs to $6,000.00.
• Booking Holdings recently announced a quarterly dividend of $9.60 per share, resulting in an annualized dividend of $38.40, with a payout ratio of 26.71%.

Hotchkis & Wiley Capital Management LLC lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,986 shares of the business services provider's stock after selling 58 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.05% of Booking worth $78,253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Keystone Global Partners LLC acquired a new position in shares of Booking during the 1st quarter valued at about $32,000. Kapitalo Investimentos Ltda acquired a new stake in Booking during the 4th quarter worth approximately $40,000. Alpine Bank Wealth Management acquired a new stake in Booking during the 1st quarter worth approximately $41,000. Minot DeBlois Advisors LLC acquired a new stake in Booking during the 4th quarter worth approximately $50,000. Finally, North Capital Inc. acquired a new stake in Booking during the 1st quarter worth approximately $46,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Trading Up 0.0%

NASDAQ:BKNG traded up $2.08 during trading hours on Tuesday, hitting $5,705.68. The stock had a trading volume of 170,897 shares, compared to its average volume of 204,693. Booking Holdings Inc. has a 1-year low of $3,700.97 and a 1-year high of $5,839.41. The business has a 50 day simple moving average of $5,584.20 and a two-hundred day simple moving average of $5,163.97. The company has a market cap of $184.92 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 1.64 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $50.32 by $5.08. The firm had revenue of $6.80 billion for 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 firm's quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 annualized dividend and a yield of 0.7%. Booking's dividend payout ratio (DPR) is 26.71%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JMP Securities increased their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 30th. Wedbush reissued a "neutral" rating and set a $5,900.00 target price on shares of Booking in a research report on Wednesday, July 30th. B. Riley reissued a "buy" rating and set a $6,700.00 target price (up previously from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Benchmark reissued a "buy" rating and set a $6,200.00 target price (up previously from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Morgan Stanley set a $5,650.00 target price on shares of Booking and gave the stock an "equal weight" rating in a research report 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5,781.04.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction on 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 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 document filed with the SEC, which is available through this hyperlink. Insiders sold 4,052 shares of company stock worth $22,511,858 in the last quarter. Company 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.