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

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Booking Holdings Inc. by 242.1% during the second quarter, owning a total of 8,189 shares valued at approximately $47.4 million.
• Booking Holdings reported a quarterly earnings per share (EPS) of $55.40, exceeding analysts' expectations and showing a 16% year-over-year revenue increase to $6.80 billion.
• Analysts have set various price targets for Booking, with an average target of $5,808.81 and a consensus rating of "Moderate Buy."

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 242.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,189 shares of the business services provider's stock after acquiring an additional 5,795 shares during the quarter. Booking accounts for about 0.1% of Livforsakringsbolaget Skandia Omsesidigt's investment portfolio, making the stock its 17th largest holding. Livforsakringsbolaget Skandia Omsesidigt's holdings in Booking were worth $47,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of BKNG. GAMMA Investing LLC boosted its stake in shares of Booking by 521,609.7% during 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 purchasing an additional 2,362,892 shares during the period. Pacer Advisors Inc. boosted its position in Booking by 1,411.9% during the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock valued at $516,900,000 after buying an additional 104,780 shares during the period. AQR Capital Management LLC boosted its position in Booking by 79.4% during the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider's stock valued at $695,259,000 after buying an additional 68,243 shares during the period. TD Asset Management Inc boosted its holdings in shares of 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 period. Finally, Voloridge Investment Management LLC boosted its holdings in shares of 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 period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Up 0.0%

BKNG traded up $1.56 during mid-day trading on Friday, reaching $5,444.44. 420,445 shares of the company traded hands, compared to its average volume of 175,646. The stock has a market capitalization of $176.45 billion, a P/E ratio of 37.86, a P/E/G ratio of 1.57 and a beta of 1.39. The company's fifty day moving average price is $5,570.86 and its 200-day moving average price is $5,232.86. Booking Holdings Inc. has a 52-week low of $3,985.57 and a 52-week high of $5,839.41.

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

Booking Dividend Announcement

The firm 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 dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's dividend payout ratio is currently 26.71%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BKNG. BTIG Research reiterated a "buy" rating and issued a $6,250.00 price objective on shares of Booking in a report on Thursday, September 4th. Royal Bank Of Canada increased their price objective on Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Benchmark reaffirmed a "buy" rating and issued a $6,200.00 price target (up previously from $6,000.00) on shares of Booking 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. Finally, Bank of America raised their target price on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and an average target price of $5,808.81.

Insider Transactions at Booking

In other news, Director Larry Quinlan sold 64 shares of the company's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the completion of the sale, the director directly owned 131 shares in the company, valued at $722,045.80. This represents a 32.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Vanessa Ames Wittman sold 15 shares of the company's stock in a transaction 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 owned 747 shares of the company's stock, valued at $4,108,500. This trade represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,195 shares of company stock worth $23,467,630 in the last three months. Corporate insiders own 0.16% of the company's stock.

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.