Nordea Investment Management AB Has $1.30 Billion Stock Position in Booking Holdings Inc. $BKNG

Key Points

• Nordea Investment Management AB has increased its investment in Booking Holdings Inc. by 9.5% in the second quarter, now holding 226,608 shares valued at approximately $1.30 billion.
• Insider sales included CEO Glenn D. Fogel selling 1,013 shares for around $5.59 million, which decreased his ownership by 4.11%.
• Booking recently declared a quarterly dividend of $9.60 per share, translating to an annualized yield of 0.8% with a payout ratio of 26.71%.

Nordea Investment Management AB grew its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 9.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,608 shares of the business services provider's stock after buying an additional 19,578 shares during the quarter. Booking makes up approximately 1.2% of Nordea Investment Management AB's portfolio, making the stock its 11th largest position. Nordea Investment Management AB owned approximately 0.70% of Booking worth $1,297,331,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Atwood & Palmer Inc. purchased a new stake in shares of Booking in the second quarter worth approximately $29,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Booking in the first quarter worth approximately $28,000. O Brien Wealth Partners LLC purchased a new stake in shares of Booking in the second quarter worth approximately $35,000. First PREMIER Bank lifted its position in shares of Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock worth $35,000 after purchasing an additional 3 shares in the last quarter. Finally, Keystone Global Partners LLC purchased a new stake in shares of Booking in the first quarter worth approximately $32,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Larry Quinlan sold 64 shares of Booking stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the transaction, the director owned 131 shares of the company's stock, valued at $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the transaction, the chief executive officer directly owned 23,607 shares in the company, valued at $130,237,930.44. This trade represents a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,197 shares of company stock valued at $17,260,963 over the last 90 days. 0.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Erste Group Bank raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. UBS Group increased their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Mizuho initiated coverage on shares of Booking in a research report on Monday, September 29th. They set a "neutral" rating and a $5,975.00 price objective on the stock. Barclays raised their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Finally, Hsbc Global Res raised shares of Booking to a "strong-buy" rating in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and a consensus target price of $5,808.81.

Booking Stock Down 2.5%

NASDAQ:BKNG opened at $4,952.31 on Friday. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The firm has a market cap of $160.50 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 1.57 and a beta of 1.35. The company's 50 day moving average is $5,465.79 and its 200-day moving average is $5,329.75.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results 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. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter last year, the firm posted $41.90 earnings per share. The company's quarterly 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 fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a $9.60 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. Booking's dividend payout ratio (DPR) is currently 26.71%.

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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