Quarry LP Has $198,000 Position in Booking Holdings Inc. $BKNG

Key Points

• Quarry LP reduced its holdings in Booking Holdings Inc. by 69.3% in the first quarter, leaving it with 43 shares valued at $198,000.
• Wall Street analysts maintain a positive outlook on Booking, with an average rating of "Moderate Buy" and a price target of $5,781.04, supported by several recent upgrades from major investment firms.
• CEO Glenn D. Fogel sold 1,013 shares of Booking, which represents a 3.95% decrease in his holdings, amid significant insider selling that totaled over $22 million in the last ninety days.

Quarry LP trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 69.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 43 shares of the business services provider's stock after selling 97 shares during the period. Quarry LP's holdings in Booking were worth $198,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Preservation Advisors LLC bought a new position in shares of Booking during the 1st quarter worth about $28,000. Keystone Global Partners LLC bought a new position in shares of Booking during the 1st quarter worth about $32,000. Activest Wealth Management lifted its holdings in shares of Booking by 300.0% during the 1st quarter. Activest Wealth Management now owns 8 shares of the business services provider's stock worth $37,000 after acquiring an additional 6 shares during the period. Alpine Bank Wealth Management bought a new position in shares of Booking during the 1st quarter worth about $41,000. Finally, WPG Advisers LLC bought a new position in shares of Booking during the 1st quarter worth about $41,000. 92.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Hsbc Global Res upgraded shares of Booking to a "strong-buy" rating in a research report on Thursday, July 17th. Benchmark reiterated a "buy" rating and set a $6,200.00 target price (up previously from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. Citigroup increased their target price on shares of Booking from $5,560.00 to $6,500.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Cantor Fitzgerald reiterated a "neutral" rating on shares of Booking in a research report on Wednesday, July 30th. Three research 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $5,808.81.

Booking Stock Performance

BKNG traded down $80.06 during midday trading on Friday, hitting $5,505.80. The company had a trading volume of 202,400 shares, compared to its average volume of 166,659. The company has a market capitalization of $178.44 billion, a PE ratio of 38.29, a P/E/G ratio of 1.61 and a beta of 1.39. Booking Holdings Inc. has a twelve month low of $3,700.97 and a twelve month high of $5,839.41. The firm's 50-day simple moving average is $5,615.88 and its 200-day simple moving average is $5,198.14.

Booking (NASDAQ:BKNG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating 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 company's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the firm earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the firm'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 transaction, the chief executive officer owned 24,620 shares of the company's stock, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 4,052 shares of company stock valued at $22,511,858. 0.16% of the stock is currently owned by company 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.