Lansforsakringar Fondforvaltning AB publ Sells 310 Shares of Booking Holdings Inc. $BKNG

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Booking Holdings Inc. by 2.8%, owning 10,882 shares valued at approximately $50.1 million after selling 310 shares.
• Insider trading revealed CEO Glenn D. Fogel sold 1,013 shares for over $5.5 million, decreasing his holdings by 3.95%.
• Booking Holdings announced a quarterly dividend of $9.60 per share, with a 0.7% dividend yield, to be paid on September 30th.

Lansforsakringar Fondforvaltning AB publ trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,882 shares of the business services provider's stock after selling 310 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Booking were worth $50,132,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BKNG. GAMMA Investing LLC raised its holdings in Booking by 521,609.7% in the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after buying an additional 2,362,892 shares during the period. Pacer Advisors Inc. grew its position in shares of Booking by 1,411.9% during the first quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock worth $516,900,000 after buying an additional 104,780 shares in the last quarter. TD Asset Management Inc lifted its stake in Booking by 182.2% during the first quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock worth $482,081,000 after purchasing an additional 67,562 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Booking by 127.3% during the fourth quarter. Voloridge Investment Management LLC now owns 81,785 shares of the business services provider's stock worth $406,342,000 after purchasing an additional 45,808 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Booking by 27.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider's stock valued at $836,223,000 after buying an additional 39,523 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Price Performance

Shares of BKNG stock traded down $52.94 during trading hours on Monday, hitting $5,599.05. 138,885 shares of the company's stock were exchanged, compared to its average volume of 176,955. Booking Holdings Inc. has a 52 week low of $3,700.97 and a 52 week high of $5,839.41. The stock has a market cap of $181.47 billion, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. The stock's 50-day moving average is $5,612.10 and its 200-day moving average is $5,183.09.

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

Booking Dividend Announcement

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 is Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking's dividend payout ratio (DPR) is 26.71%.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 4,052 shares of company stock valued at $22,511,858 in the last quarter. Company insiders own 0.16% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BKNG shares. Benchmark restated a "buy" rating and set a $6,200.00 price objective (up from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. Barclays lifted their price target on Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Hsbc Global Res raised Booking to a "strong-buy" rating in a research note on Thursday, July 17th. Wedbush reiterated a "neutral" rating and set a $5,900.00 price target on shares of Booking in a report on Wednesday, July 30th. Finally, Piper Sandler reiterated a "neutral" rating and set a $5,750.00 price target (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.