Soros Capital Management LLC Has $2.94 Million Stock Holdings in Booking Holdings Inc. $BKNG

Key Points

• Soros Capital Management LLC significantly reduced its position in Booking Holdings Inc., cutting its holdings by 90.3% to just 637 shares, valued at approximately $2.9 million.
• Booking Holdings reported better-than-expected earnings, with $55.40 EPS for the quarter and revenue of $6.8 billion, exceeding analysts' estimates.
• The company announced a quarterly dividend of $9.60 per share, reflecting an annualized yield of 0.7% and a payout ratio of 26.71%.

Soros Capital Management LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 90.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 637 shares of the business services provider's stock after selling 5,938 shares during the quarter. Soros Capital Management LLC's holdings in Booking were worth $2,935,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC purchased a new stake in Booking in the 1st quarter worth approximately $32,000. Kapitalo Investimentos Ltda acquired a new position in shares of Booking in the fourth quarter worth $40,000. Alpine Bank Wealth Management purchased a new stake in shares of Booking during the first quarter worth $41,000. North Capital Inc. acquired a new stake in Booking during the first quarter valued at $46,000. Finally, Mechanics Financial Corp acquired a new stake in Booking during the first quarter valued at $46,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BKNG has been the topic of a number of recent research reports. Robert W. Baird boosted their target price on Booking from $5,550.00 to $5,700.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Wells Fargo & Company boosted their price target on 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. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Wedbush reiterated a "neutral" rating and issued a $5,900.00 target price on shares of Booking in a research note on Wednesday, July 30th. Finally, Susquehanna increased their price target on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $5,781.04.

Booking Price Performance

Shares of Booking stock traded up $36.31 during midday trading on Thursday, hitting $5,651.99. The company had a trading volume of 167,913 shares, compared to its average volume of 186,012. Booking Holdings Inc. has a 1-year low of $3,700.97 and a 1-year high of $5,839.41. The business's 50 day simple moving average is $5,598.88 and its two-hundred day simple moving average is $5,170.82. The stock has a market cap of $183.18 billion, a PE ratio of 27.31, a P/E/G ratio of 1.62 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. The firm 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 business's revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

Insider Transactions at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was 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 of the company's stock, valued at $134,841,031.80. This represents a 3.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 4,052 shares of company stock worth $22,511,858 in the last 90 days. Insiders own 0.16% of the company's stock.

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.