Booking Holdings Inc. $BKNG Shares Purchased by Inspire Trust Co. N.A.

Key Points

• Inspire Trust Co. N.A. increased its stake in Booking Holdings Inc. by 50%, acquiring an additional 200 shares, bringing its total holdings to 600 shares valued at approximately $2.76 million.
• Booking recently reported $55.40 EPS for the last quarter, exceeding analysts' expectations, with quarterly revenue rising 16% year-over-year to $6.80 billion.
• The company announced a quarterly dividend of $9.60 per share, which will be paid to stockholders on September 30th, representing a 0.7% dividend yield.

Inspire Trust Co. N.A. raised its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 600 shares of the business services provider's stock after purchasing an additional 200 shares during the period. Inspire Trust Co. N.A.'s holdings in Booking were worth $2,764,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKNG. Kapitalo Investimentos Ltda bought a new stake in Booking during the fourth quarter valued at $40,000. Alpine Bank Wealth Management acquired a new stake in shares of Booking in the 1st quarter worth about $41,000. North Capital Inc. purchased a new stake in Booking in the 1st quarter valued at about $46,000. Mechanics Financial Corp purchased a new stake in Booking in the 1st quarter valued at about $46,000. Finally, Minot DeBlois Advisors LLC bought a new position in shares of Booking during the 4th quarter valued at approximately $50,000. Institutional investors own 92.42% of the company's stock.

Booking Trading Up 0.8%

NASDAQ:BKNG traded up $46.25 during trading hours on Tuesday, reaching $5,578.25. 73,916 shares of the company were exchanged, compared to its average volume of 248,886. Booking Holdings Inc. has a twelve month low of $3,665.54 and a twelve month high of $5,839.41. The firm has a market cap of $180.79 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. The stock's 50-day moving average is $5,558.69 and its 200-day moving average is $5,131.66.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. Booking's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current 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 given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking's dividend payout ratio (DPR) is 26.71%.

Insider Buying and Selling

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 4,052 shares of company stock valued at $22,511,858 over the last three months. 0.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BKNG shares. JPMorgan Chase & Co. raised their price objective on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Piper Sandler restated a "neutral" rating and set a $5,750.00 price objective (up previously from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Citigroup raised their price target on shares of Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Barclays boosted their price target on shares of Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. 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 analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,781.04.

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.