Infusive Asset Management Inc. Sells 111 Shares of Booking Holdings Inc. $BKNG

Key Points

• Infusive Asset Management Inc. reduced its stake in Booking Holdings Inc. by 12.0%, now holding 815 shares that represent about 1.7% of its total holdings.
• Several hedge funds, including Vanguard Group Inc. and GAMMA Investing LLC, adjusted their positions in Booking, with GAMMA increasing its ownership by a remarkable 521,609.7%.
• Booking recently declared a quarterly dividend of $9.60 per share, with an annualized dividend yield of 0.7% and a payout ratio of 26.71%.

Infusive Asset Management Inc. lowered its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 12.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 815 shares of the business services provider's stock after selling 111 shares during the quarter. Booking accounts for 1.7% of Infusive Asset Management Inc.'s investment portfolio, making the stock its 23rd biggest position. Infusive Asset Management Inc.'s holdings in Booking were worth $3,755,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

BKNG has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a report on Wednesday, July 30th. Evercore ISI increased their price objective on shares of Booking from $5,500.00 to $6,250.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. B. Riley reiterated a "buy" rating and set a $6,700.00 price objective (up from $6,100.00) on shares of Booking in a report on Wednesday, July 30th. Hsbc Global Res raised shares of Booking to a "strong-buy" rating in a research report on Thursday, July 17th. Finally, Citigroup boosted their price target on shares of Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and an average target price of $5,808.81.

Booking Stock Down 1.4%

Shares of Booking stock traded down $80.06 during midday trading on Friday, hitting $5,505.80. The company had a trading volume of 202,400 shares, compared to its average volume of 167,337. Booking Holdings Inc. has a 12-month low of $3,700.97 and a 12-month high of $5,839.41. The stock has a market cap of $178.44 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 1.59 and a beta of 1.39. The company has a fifty day simple moving average of $5,615.88 and a 200 day simple moving average of $5,200.02.

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 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 revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $9.60 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking's dividend payout ratio is 26.71%.

Insiders Place Their Bets

In related news, CEO Glenn D. Fogel sold 1,013 shares of the 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 transaction, the chief executive officer directly owned 24,620 shares in the company, valued at approximately $134,841,031.80. This represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 4,052 shares of company stock valued at $22,511,858 over the last quarter. 0.16% of the stock is currently owned by corporate insiders.

About Booking

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.