Mirae Asset Global Investments Co. Ltd. Buys 768 Shares of Booking Holdings Inc. $BKNG

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Booking Holdings Inc. by 6.7% during the second quarter, owning a total of 12,236 shares valued at approximately $70.84 million.
• Insiders have been active, with Director Vanessa Ames Wittman selling 15 shares for $82,500 and CEO Glenn D. Fogel selling 1,013 shares for over $5.5 million, representing decreases in their ownership stakes.
• Booking announced a quarterly dividend of $9.60, with an annualized dividend yield of 0.7%, and reported strong earnings with $55.40 EPS for the last quarter, exceeding expectations.

Mirae Asset Global Investments Co. Ltd. grew its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,236 shares of the business services provider's stock after purchasing an additional 768 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Booking were worth $70,837,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Atwood & Palmer Inc. bought a new stake in shares of Booking in the 2nd quarter valued at approximately $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of Booking during the 1st quarter worth approximately $28,000. O Brien Wealth Partners LLC bought a new stake in shares of Booking during the 2nd quarter worth approximately $35,000. First PREMIER Bank lifted its stake in shares of Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock worth $35,000 after acquiring an additional 3 shares during the last quarter. Finally, Keystone Global Partners LLC bought a new stake in shares of Booking during the 1st quarter worth approximately $32,000. 92.42% of the stock is owned by institutional investors.

Insider Activity

In other news, 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 value of $82,500.00. Following the transaction, the director directly owned 747 shares in the company, valued at approximately $4,108,500. This trade represents a 1.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 completion of the transaction, the chief executive officer owned 24,620 shares in the company, valued at $134,841,031.80. This represents a 3.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,195 shares of company stock worth $23,467,630. 0.16% of the stock is currently owned by company insiders.

Booking Trading Up 1.4%

Shares of NASDAQ:BKNG opened at $5,424.55 on Friday. Booking Holdings Inc. has a 12-month low of $4,060.98 and a 12-month high of $5,839.41. The business's fifty day simple moving average is $5,529.24 and its 200-day simple moving average is $5,290.99. The company has a market capitalization of $175.81 billion, a PE ratio of 37.73, a P/E/G ratio of 1.54 and a beta of 1.35.

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

Booking Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BKNG shares. Evercore ISI raised their price target 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. Wells Fargo & Company raised their price target 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. Bank of America raised their price target on Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. DA Davidson raised their price target on Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Barclays raised their price objective on Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Booking has an average rating of "Moderate Buy" and an average price target of $5,807.89.

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.

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