OMERS ADMINISTRATION Corp Has $11.22 Million Stake in Booking Holdings Inc. $BKNG

Key Points

• OMERS ADMINISTRATION Corp increased its holdings in Booking Holdings Inc. by 5.7%, owning a total of 2,436 shares valued at approximately $11.2 million as of the latest SEC filing.
• Booking Holdings reported earnings per share (EPS) of $55.40 for the last quarter, surpassing estimates and showing a 16% revenue increase year-over-year.
• The company announced a quarterly dividend of $9.60 per share to be paid on September 30, representing an annual yield of 0.7%.

OMERS ADMINISTRATION Corp boosted its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,436 shares of the business services provider's stock after buying an additional 131 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Booking were worth $11,222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC lifted its position in Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after purchasing an additional 2,362,892 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Booking by 1,411.9% during the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock valued at $516,900,000 after purchasing an additional 104,780 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Booking by 182.2% during the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock valued at $482,081,000 after purchasing an additional 67,562 shares in the last quarter. Voloridge Investment Management LLC lifted its stake in Booking by 127.3% during the fourth quarter. Voloridge Investment Management LLC now owns 81,785 shares of the business services provider's stock valued at $406,342,000 after buying an additional 45,808 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Booking by 27.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider's stock valued at $836,223,000 after buying an additional 39,523 shares in the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Stock Performance

BKNG traded down $137.12 during mid-day trading on Tuesday, reaching $5,461.94. The stock had a trading volume of 85,920 shares, compared to its average volume of 244,307. The stock has a market capitalization of $177.02 billion, a P/E ratio of 37.98, a P/E/G ratio of 1.61 and a beta of 1.39. The firm's fifty day simple moving average is $5,617.41 and its two-hundred day simple moving average is $5,186.97. Booking Holdings Inc. has a 52 week low of $3,700.97 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data 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. 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 business's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $134,841,031.80. The trade was a 3.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 4,052 shares of company stock worth $22,511,858. Insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research reports. Wedbush reiterated a "neutral" rating and issued a $5,900.00 target price on shares of Booking in a report on Wednesday, July 30th. UBS Group boosted their target price on Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Benchmark restated a "buy" rating and issued a $6,200.00 target price (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. DA Davidson boosted their target price on Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Susquehanna lifted their price target on Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Booking currently has an average rating of "Moderate Buy" and a consensus target price of $5,781.04.

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.