Quantum Capital Management LLC NJ Trims Stake in Booking Holdings Inc. $BKNG

Key Points

• Quantum Capital Management LLC NJ reduced its stake in Booking Holdings Inc. by 22.4%, now holding 11,259 shares valued at approximately $51.87 million.
• Several institutional investors increased their holdings in Booking during the first quarter, with GAMMA Investing LLC leading with a staggering 521,609.7% increase.
• Booking recently reported an earnings per share (EPS) of $55.40, exceeding estimates by $5.08, and announced a quarterly dividend of $9.60 per share.

Quantum Capital Management LLC NJ decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 22.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,259 shares of the business services provider's stock after selling 3,245 shares during the quarter. Booking makes up about 5.4% of Quantum Capital Management LLC NJ's holdings, making the stock its 8th biggest position. Quantum Capital Management LLC NJ's holdings in Booking were worth $51,869,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BKNG. Keystone Global Partners LLC acquired a new position in Booking in the 1st quarter valued at $32,000. Kapitalo Investimentos Ltda acquired a new position in Booking in the 4th quarter valued at $40,000. Alpine Bank Wealth Management acquired a new position in Booking in the 1st quarter valued at $41,000. North Capital Inc. acquired a new position in Booking in the 1st quarter valued at $46,000. Finally, Mechanics Financial Corp acquired a new position in Booking in the 1st quarter valued at $46,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Insider Buying and Selling at Booking

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 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 approximately $134,841,031.80. The trade was a 3.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 4,052 shares of company stock valued at $22,511,858 over the last ninety days. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BKNG. BMO Capital Markets reiterated an "outperform" rating and issued a $6,000.00 target price (up from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. JMP Securities raised their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research note on Wednesday, April 30th. Bank of America raised their target price on shares of Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Susquehanna raised their target price on shares of Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Finally, 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. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $5,781.04.

Booking Stock Performance

Shares of NASDAQ:BKNG traded up $10.13 during midday trading on Friday, reaching $5,720.87. 195,538 shares of the company's stock were exchanged, compared to its average volume of 209,657. The company's 50 day simple moving average is $5,577.51 and its two-hundred day simple moving average is $5,155.63. The firm has a market capitalization 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. Booking Holdings Inc. has a 12 month low of $3,700.97 and a 12 month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. The company had revenue of $6.80 billion during 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%. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 of this dividend is Friday, September 5th. Booking's dividend payout ratio (DPR) is currently 26.71%.

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.