Robeco Institutional Asset Management B.V. Cuts Stake in Booking Holdings Inc. $BKNG

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Booking Holdings Inc. by 8.8%, holding 83,817 shares valued at approximately $485.24 million after selling 8,078 shares in the second quarter.
• Insider transactions revealed that CEO Glenn D. Fogel sold 1,013 shares for over $5.54 million, decreasing his ownership by 3.95%.
• Booking Holdings recently announced a quarterly dividend of $9.60 per share, resulting in an annualized yield of 0.7% and a payout ratio of 26.71%.

Robeco Institutional Asset Management B.V. reduced its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,817 shares of the business services provider's stock after selling 8,078 shares during the quarter. Booking comprises approximately 0.8% of Robeco Institutional Asset Management B.V.'s investment portfolio, making the stock its 17th biggest holding. Robeco Institutional Asset Management B.V. owned about 0.26% of Booking worth $485,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BKNG. Pacer Advisors Inc. grew its holdings 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 worth $516,900,000 after purchasing an additional 104,780 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Booking by 79.4% during the first quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider's stock valued at $695,259,000 after buying an additional 68,243 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Booking by 182.2% during the first quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock valued at $482,081,000 after buying an additional 67,562 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of 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 during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Booking by 19.7% during the first quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider's stock valued at $983,707,000 after buying an additional 35,171 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company'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 owned 24,620 shares in the company, valued at approximately $134,841,031.80. This represents 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 link. Also, Director Vanessa Ames Wittman sold 15 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the completion of the transaction, the director owned 747 shares of the company's stock, valued at approximately $4,108,500. This trade represents a 1.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,195 shares of company stock worth $23,467,630. Company insiders own 0.16% of the company's stock.

Booking Price Performance

NASDAQ BKNG opened at $5,350.56 on Thursday. The company has a market capitalization of $173.41 billion, a PE ratio of 37.21, a P/E/G ratio of 1.56 and a beta of 1.35. The company has a fifty day moving average of $5,533.75 and a 200 day moving average of $5,285.05. Booking Holdings Inc. has a 1 year low of $4,060.98 and a 1 year high of $5,839.41.

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

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $9.60 dividend. The ex-dividend date was 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 is 26.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BKNG shares. Bank of America boosted their price objective on shares of Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Barclays boosted their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Piper Sandler reissued a "neutral" rating and set a $5,750.00 price objective (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Benchmark reissued a "buy" rating and set a $6,200.00 price objective (up from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Finally, Mizuho started coverage on shares of Booking in a report on Monday. They set a "neutral" rating and a $5,975.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $5,807.89.

About Booking

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.

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