Jag Capital Management LLC Raises Stock Position in Booking Holdings Inc. $BKNG

Key Points

• Jag Capital Management LLC increased its stake in Booking Holdings Inc. by 37.1% to a total of 1,808 shares, making it the company's 29th biggest holding valued at approximately $10.47 million.
• Booking's recent quarterly earnings showed a revenue increase of 16% year-over-year, reporting $6.80 billion and an EPS of $55.40 which exceeded analyst estimates.
• Booking announced a quarterly dividend of $9.60 per share, resulting in an annualized dividend of $38.40 and a yield of 0.7%, with a payout ratio of 26.71%.

Jag Capital Management LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 37.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,808 shares of the business services provider's stock after acquiring an additional 489 shares during the period. Booking accounts for about 1.2% of Jag Capital Management LLC's portfolio, making the stock its 29th biggest holding. Jag Capital Management LLC's holdings in Booking were worth $10,467,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Wealth Preservation Advisors LLC bought a new stake in shares of Booking in the first quarter worth about $28,000. Atwood & Palmer Inc. bought a new stake in Booking in the second quarter worth $29,000. Keystone Global Partners LLC purchased a new stake in Booking during the first quarter valued at $32,000. O Brien Wealth Partners LLC bought a new position in Booking during the second quarter valued at $35,000. Finally, First PREMIER Bank grew its stake in shares of Booking by 100.0% in the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock worth $35,000 after buying an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Insiders Place Their Bets

In other news, Director Larry Quinlan sold 64 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the sale, the director directly owned 131 shares in the company, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the completion of the transaction, the director directly owned 747 shares in the company, valued at $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,169 shares of company stock worth $11,929,560. 0.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on BKNG shares. Morgan Stanley set a $5,650.00 target price on shares of Booking and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. B. Riley restated a "buy" rating and issued a $6,700.00 price target (up from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Wells Fargo & Company increased their target price on shares of Booking from $5,418.00 to $5,443.00 and gave the company an "equal weight" rating in a research note on Monday, October 6th. BTIG Research reissued a "buy" rating and issued a $6,250.00 price objective on shares of Booking in a research report on Wednesday, October 8th. Finally, Mizuho began coverage on Booking in a research note on Monday, September 29th. They set a "neutral" rating and a $5,975.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $5,808.81.

Booking Price Performance

BKNG stock opened at $5,253.85 on Tuesday. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The business has a 50-day moving average price of $5,488.05 and a 200 day moving average price of $5,329.42. The company has a market capitalization of $170.28 billion, a P/E ratio of 36.54, a PEG ratio of 1.60 and a beta of 1.35.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS 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 for the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter last year, the firm posted $41.90 EPS. 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. On average, analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, September 5th. Booking's dividend payout ratio is 26.71%.

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.

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