MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 1,739 Shares of Booking Holdings Inc. $BKNG

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Booking Holdings Inc. by 6.8%, owning 27,169 shares valued at approximately $125 million.
• Booking Holdings reported strong Q2 earnings with $55.40 EPS, exceeding estimates and showing a revenue increase of 16% year-over-year.
• The company announced a quarterly dividend of $9.60 per share, representing a 0.7% yield based on the current stock price.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 6.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,169 shares of the business services provider's stock after acquiring an additional 1,739 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.08% of Booking worth $125,168,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BKNG. Brighton Jones LLC boosted its position in 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 acquiring an additional 65 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Booking during the 4th quarter worth about $209,000. Fire Capital Management LLC purchased a new stake in shares of Booking during the 4th quarter worth about $248,000. Cary Street Partners Financial LLC purchased a new stake in shares of Booking during the 4th quarter worth about $402,000. Finally, Captrust Financial Advisors raised its stake in shares of Booking by 52.9% during the 4th quarter. Captrust Financial Advisors now owns 1,676 shares of the business services provider's stock worth $8,329,000 after purchasing an additional 580 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Up 1.2%

BKNG traded up $63.90 during midday trading on Monday, reaching $5,569.70. The company's stock had a trading volume of 211,683 shares, compared to its average volume of 167,337. The stock has a market cap of $180.51 billion, a P/E ratio of 38.73, a PEG ratio of 1.59 and a beta of 1.39. The company has a fifty day simple moving average of $5,611.49 and a 200 day simple moving average of $5,204.07. Booking Holdings Inc. has a twelve month low of $3,718.58 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The firm had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company's revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BKNG shares. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Susquehanna raised their price target on Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Citigroup raised their price target on Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Erste Group Bank raised Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Finally, B. Riley reissued 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was 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 owned 24,620 shares of the company's stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders sold 4,052 shares of company stock valued at $22,511,858. Company insiders own 0.16% of the company's stock.

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.