Pensionfund Sabic Sells 90 Shares of Booking Holdings Inc. $BKNG

Key Points

• Pensionfund Sabic reduced its holdings in Booking Holdings Inc. by 16.4%, resulting in ownership of 460 shares worth approximately $2,119,000 after selling 90 shares in the first quarter.
• Booking's earnings report showed an EPS of $55.40 for the quarter, exceeding analysts' estimates and reflecting a 16.0% revenue increase compared to the previous year.
• The company recently announced a quarterly dividend of $9.60 per share, with a payout ratio of 26.71%, scheduled to be paid on September 30th.

Pensionfund Sabic decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 16.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 460 shares of the business services provider's stock after selling 90 shares during the period. Pensionfund Sabic's holdings in Booking were worth $2,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of Booking by 521,609.7% during 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 buying an additional 2,362,892 shares during the period. Pacer Advisors Inc. grew its stake in Booking by 1,411.9% in the first 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. AQR Capital Management LLC increased its position in Booking by 79.4% in the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider's stock worth $695,259,000 after purchasing an additional 68,243 shares during the last quarter. TD Asset Management Inc raised its stake 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 worth $482,081,000 after purchasing an additional 67,562 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its holdings in shares of Booking by 127.3% during the 4th 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 during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Down 1.5%

Shares of BKNG stock traded down $84.82 during trading hours on Tuesday, reaching $5,475.01. 172,287 shares of the company's stock were exchanged, compared to its average volume of 242,056. Booking Holdings Inc. has a fifty-two week low of $3,985.00 and a fifty-two week high of $5,839.41. The stock has a market capitalization of $177.45 billion, a P/E ratio of 38.08, a P/E/G ratio of 1.57 and a beta of 1.39. The business has a fifty day moving average price of $5,588.88 and a 200-day moving average price of $5,221.64.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business's quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the business posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $9.60 dividend. The ex-dividend date is 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%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKNG. Wells Fargo & Company lifted their target price on shares of Booking from $5,411.00 to $5,418.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. DA Davidson increased their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Truist Financial boosted their price target on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a research report on Monday, July 14th. Finally, Hsbc Global Res upgraded Booking to a "strong-buy" rating in a report on Thursday, July 17th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $5,808.81.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the transaction, the chief executive officer owned 23,607 shares in the company, valued at approximately $130,237,930.44. This represents a 4.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the sale, the director owned 747 shares in the company, valued at approximately $4,108,500. This trade represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,195 shares of company stock valued at $23,467,630. 0.16% of the stock is owned by corporate insiders.

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.