Livforsakringsbolaget Skandia Omsesidigt Raises Stock Holdings in Booking Holdings Inc. $BKNG

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Booking Holdings Inc. by 28.0% in Q2, acquiring an additional 670 shares for a total of 3,064 shares valued at $17.7 million.
• Booking Holdings reported Q2 earnings of $55.40 per share, exceeding expectations and achieving a 16.0% year-over-year revenue growth with total revenue of $6.80 billion.
• Booking recently announced a quarterly dividend of $9.60 with a dividend yield of 0.7%, payable on September 30th.

Livforsakringsbolaget Skandia Omsesidigt boosted its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 28.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,064 shares of the business services provider's stock after purchasing an additional 670 shares during the quarter. Booking comprises about 0.8% of Livforsakringsbolaget Skandia Omsesidigt's portfolio, making the stock its 21st biggest holding. Livforsakringsbolaget Skandia Omsesidigt's holdings in Booking were worth $17,706,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Grove Bank & Trust grew its holdings in shares of Booking by 3.2% during the 2nd quarter. Grove Bank & Trust now owns 65 shares of the business services provider's stock worth $376,000 after purchasing an additional 2 shares in the last quarter. Piscataqua Savings Bank increased its holdings in Booking by 100.0% in the 2nd quarter. Piscataqua Savings Bank now owns 12 shares of the business services provider's stock worth $69,000 after purchasing an additional 6 shares in the last quarter. Moody National Bank Trust Division acquired a new position in Booking in the 2nd quarter worth about $232,000. Rockland Trust Co. increased its holdings in Booking by 38.0% in the 2nd quarter. Rockland Trust Co. now owns 138 shares of the business services provider's stock worth $799,000 after purchasing an additional 38 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Booking by 509.3% in the 2nd quarter. Exchange Traded Concepts LLC now owns 3,004 shares of the business services provider's stock worth $17,391,000 after purchasing an additional 2,511 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Up 1.0%

NASDAQ:BKNG traded up $55.69 on Tuesday, hitting $5,512.82. The stock had a trading volume of 64,542 shares, compared to its average volume of 241,687. The business's fifty day moving average is $5,564.68 and its 200 day moving average is $5,244.30. The company has a market cap of $178.67 billion, a PE ratio of 38.34, a P/E/G ratio of 1.57 and a beta of 1.39. Booking Holdings Inc. has a 52 week low of $4,060.98 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued 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. The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid 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 dividend payout ratio is 26.71%.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of recent research reports. Wedbush reaffirmed a "neutral" rating and issued a $5,900.00 target price on shares of Booking in a report on Wednesday, July 30th. Evercore ISI lifted their price objective on Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. UBS Group lifted their price objective on Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Wells Fargo & Company lifted their price objective on Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, B. Riley reaffirmed a "buy" rating and issued a $6,700.00 price objective (up from $6,100.00) on shares of Booking in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Booking currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total value of $82,500.00. Following the completion of the sale, the director directly owned 747 shares of the company's stock, valued at $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the sale, the chief executive officer directly owned 23,607 shares of the company's stock, valued at approximately $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,195 shares of company stock valued at $23,467,630 over the last ninety days. 0.16% of the stock is currently owned by insiders.

Booking 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.