Jacobs & Co. CA Sells 52 Shares of Booking Holdings Inc. $BKNG

Key Points

• Jacobs & Co. CA has reduced its stake in Booking Holdings Inc. by 3.4%, selling 52 shares during the second quarter, leaving it with holdings valued at $8,562,000.
• Recent analyst reports have set various price targets for Booking, with UBS Group raising its target from $5,750.00 to $6,300.00 and maintaining a "buy" rating.
• Booking Holdings' latest earnings report showed a 16.0% increase in revenue year-over-year, beating analysts' expectations with $6.80 billion in revenue and earnings per share of $55.40.

Jacobs & Co. CA decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,479 shares of the business services provider's stock after selling 52 shares during the quarter. Jacobs & Co. CA's holdings in Booking were worth $8,562,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BKNG. Brighton Jones LLC lifted its position in shares of Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after buying an additional 65 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Booking during the 4th quarter worth approximately $209,000. Fire Capital Management LLC bought a new position in shares of Booking during the 4th quarter worth approximately $248,000. Graham Capital Management L.P. bought a new position in shares of Booking during the 4th quarter worth approximately $224,000. Finally, Polar Capital Holdings Plc lifted its position in shares of Booking by 15.9% during the 4th quarter. Polar Capital Holdings Plc now owns 5,178 shares of the business services provider's stock worth $25,726,000 after buying an additional 712 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Analysts Set New Price Targets

BKNG has been the topic of several recent analyst reports. 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. UBS Group lifted their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Evercore ISI lifted their price target on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Hsbc Global Res raised shares of Booking to a "strong-buy" rating in a report on Thursday, July 17th. Finally, Bank of America lifted their price target on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. 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 stock. According to MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and an average target price of $5,808.81.

Booking Trading Down 0.7%

Booking stock opened at $5,458.32 on Friday. Booking Holdings Inc. has a 1-year low of $3,894.51 and a 1-year high of $5,839.41. The firm has a market capitalization of $176.90 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 1.59 and a beta of 1.39. The firm has a 50 day simple moving average of $5,594.00 and a 200 day simple moving average of $5,214.50.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $6.54 billion. During the same period in the previous year, the business earned $41.90 EPS. Booking's revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast 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. Investors of record on Friday, September 5th will be paid 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 payout ratio is currently 26.71%.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 value of $5,548,089.57. Following the completion of the transaction, the chief executive officer directly owned 24,620 shares in the company, valued at approximately $134,841,031.80. The trade was a 3.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry Quinlan sold 64 shares of Booking 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 transaction of $357,575.04. Following the completion of the transaction, the director owned 195 shares of the company's stock, valued at $1,089,486.45. This represents a 24.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,116 shares of company stock valued at $22,869,434 over the last quarter. 0.16% of the stock is owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.