Northern Trust Corp Has $1.71 Billion Stock Position in Booking Holdings Inc. $BKNG

Key Points

• Northern Trust Corp increased its holdings in Booking Holdings Inc by 0.5% during the first quarter, acquiring an additional 1,699 shares to bring its total to 370,327 shares, valued at approximately $1.71 billion.
• CEO Glenn D. Fogel sold 1,013 shares of Booking stock at a price of $5,695 per share, representing a 3.66% decrease in his ownership.
• Booking recently announced a quarterly dividend of $9.60 per share, set to be paid on September 30th, with an annualized yield of 0.7%.

Northern Trust Corp boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 370,327 shares of the business services provider's stock after acquiring an additional 1,699 shares during the quarter. Northern Trust Corp owned approximately 1.14% of Booking worth $1,706,063,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC bought a new stake in Booking during the 1st quarter worth about $32,000. Kapitalo Investimentos Ltda bought a new stake in Booking during the 4th quarter worth about $40,000. Alpine Bank Wealth Management bought a new stake in Booking during the 1st quarter worth about $41,000. North Capital Inc. bought a new stake in Booking during the 1st quarter worth about $46,000. Finally, Mechanics Financial Corp bought a new stake in Booking during the 1st quarter worth about $46,000. Institutional investors own 92.42% of the company's stock.

Booking Trading Up 0.2%

Shares of NASDAQ:BKNG traded up $10.13 during mid-day trading on Friday, reaching $5,720.87. The stock had a trading volume of 195,538 shares, compared to its average volume of 209,657. The firm has a market cap of $185.41 billion, a PE ratio of 39.79, a price-to-earnings-growth ratio of 1.65 and a beta of 1.41. The firm has a 50 day simple moving average of $5,577.51 and a two-hundred day simple moving average of $5,152.49. Booking Holdings Inc. has a twelve month low of $3,700.97 and a twelve month high of $5,839.41.

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 for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. Booking's revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the company posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business 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 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking's dividend payout ratio (DPR) is 26.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BKNG. Benchmark reissued a "buy" rating and set a $6,200.00 price objective (up previously from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Robert W. Baird raised their target price on shares of Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Barclays raised their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, Citigroup raised their target price on shares of Booking from $5,560.00 to $6,500.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned 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 a consensus price target of $5,781.04.

Insider Buying and Selling

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 shares were sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the sale, the chief executive officer directly owned 24,620 shares in the company, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 4,052 shares of company stock worth $22,511,858. Company insiders own 0.16% of the company's stock.

Booking Company 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.