Intech Investment Management LLC Grows Holdings in Booking Holdings Inc. $BKNG

Key Points

• Intech Investment Management LLC significantly increased its holdings in Booking Holdings Inc. by purchasing an additional 5,779 shares, raising its total ownership to 9,005 shares, worth approximately $41.5 million.
• Several analysts have raised their price targets for Booking Holdings, with Royal Bank of Canada increasing its target from $5,900 to $6,100 and BTIG Research maintaining a "buy" rating with a target of $6,250.
• Booking Holdings announced a quarterly dividend of $9.60 per share, reflecting a yield of 0.7% and an annualized payout of $38.40, to be paid to investors of record on September 5th.

Intech Investment Management LLC boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 179.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,005 shares of the business services provider's stock after purchasing an additional 5,779 shares during the quarter. Intech Investment Management LLC's holdings in Booking were worth $41,485,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Kingswood Wealth Advisors LLC grew its holdings in Booking by 27.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after purchasing an additional 39 shares during the period. Point72 Europe London LLP acquired a new stake in Booking in the fourth quarter worth $15,054,000. International Assets Investment Management LLC acquired a new stake in Booking in the first quarter worth $203,000. United Services Automobile Association acquired a new stake in Booking in the first quarter worth $3,592,000. Finally, Perigon Wealth Management LLC grew its holdings in Booking by 9.4% in the first quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock worth $1,281,000 after purchasing an additional 24 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

BKNG stock traded down $39.68 during mid-day trading on Friday, hitting $5,458.32. The company had a trading volume of 128,764 shares, compared to its average volume of 172,971. The firm has a market cap of $176.90 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39. Booking Holdings Inc. has a 12 month low of $3,894.51 and a 12 month high of $5,839.41. The stock's fifty day moving average price is $5,594.00 and its two-hundred day moving average price is $5,215.75.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter in the previous year, the firm posted $41.90 earnings per share. The company's revenue for the quarter was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking's payout ratio is 26.71%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Piper Sandler reiterated a "neutral" rating and set a $5,750.00 price objective (up from $5,077.00) 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. Royal Bank Of Canada raised their price target on shares of Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Evercore ISI raised their price target on shares of Booking from $5,500.00 to $6,250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.

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 sale, the director owned 195 shares of the company's stock, valued at $1,089,486.45. The trade was a 24.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 sale, the chief executive officer directly owned 24,620 shares in the company, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,116 shares of company stock worth $22,869,434. 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.