Nissay Asset Management Corp Japan ADV Buys 650 Shares of Booking Holdings Inc. $BKNG

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in Booking Holdings Inc. by 8.7%, acquiring an additional 650 shares to reach a total of 8,144 shares valued at approximately $37.5 million.
• Booking Holdings reported earnings of $55.40 per share for the latest quarter, surpassing estimates and showing a 16% year-over-year revenue growth of $6.80 billion.
• The company declared a quarterly dividend of $9.60, payable on September 30th, representing an annualized dividend yield of 0.7% with a payout ratio of 26.71%.

Nissay Asset Management Corp Japan ADV grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,144 shares of the business services provider's stock after purchasing an additional 650 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Booking were worth $37,519,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC increased its holdings in shares of Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after purchasing an additional 39 shares during the period. Point72 Europe London LLP acquired a new position in Booking in the fourth quarter worth approximately $15,054,000. International Assets Investment Management LLC acquired a new position in Booking in the first quarter worth approximately $203,000. Perigon Wealth Management LLC increased its holdings in Booking by 9.4% in the first quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock worth $1,281,000 after buying an additional 24 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Booking by 13.2% in the first quarter. GAMMA Investing LLC now owns 513 shares of the business services provider's stock worth $2,363,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research reports. Truist Financial increased their price objective on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a report on Monday, July 14th. BMO Capital Markets restated an "outperform" rating and issued a $6,000.00 price objective (up previously from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Wells Fargo & Company increased their price objective on Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. B. Riley restated a "buy" rating and issued a $6,700.00 price objective (up previously from $6,100.00) on shares of Booking in a report on Wednesday, July 30th. Finally, DA Davidson increased their price objective on Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5,808.81.

Insider Buying and Selling

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 24,620 shares of the company's stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 4,052 shares of company stock valued at $22,511,858 over the last three months. 0.16% of the stock is owned by company insiders.

Booking Stock Performance

Shares of BKNG traded up $63.90 during mid-day trading on Monday, hitting $5,569.70. The company's stock had a trading volume of 211,683 shares, compared to its average volume of 167,337. Booking Holdings Inc. has a one year low of $3,718.58 and a one year high of $5,839.41. The firm has a market capitalization of $180.51 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39. The stock's 50-day moving average is $5,611.49 and its two-hundred day moving average is $5,204.07.

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, beating the consensus estimate of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. During the same period in the prior year, the business earned $41.90 earnings per share. Booking's revenue for the quarter was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. Analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's dividend payout ratio (DPR) is 26.71%.

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.