Booking Holdings Inc. $BKNG Shares Bought by Stony Point Capital LLC

Key Points

• Stony Point Capital LLC increased its holdings in Booking Holdings Inc. by 46.6% during Q1, acquiring an additional 1,327 shares, bringing its total ownership to 4,175 shares valued at $19.2 million.
• Booking reported $55.40 EPS for the last quarter, surpassing analysts' expectations by $5.08, with revenue of $6.80 billion, a 16% year-over-year growth.
• The company announced a quarterly dividend of $9.60 per share, representing an annual yield of 0.7%, to be paid on September 30th.

Stony Point Capital LLC lifted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 46.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,175 shares of the business services provider's stock after purchasing an additional 1,327 shares during the quarter. Booking comprises 2.0% of Stony Point Capital LLC's portfolio, making the stock its 20th biggest holding. Stony Point Capital LLC's holdings in Booking were worth $19,234,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Preservation Advisors LLC purchased a new position in shares of Booking in the 1st quarter worth approximately $28,000. Keystone Global Partners LLC purchased a new position in Booking during the 1st quarter valued at $32,000. Kapitalo Investimentos Ltda purchased a new position in Booking during the 4th quarter valued at $40,000. Alpine Bank Wealth Management purchased a new position in Booking during the 1st quarter valued at $41,000. Finally, WPG Advisers LLC purchased a new position in Booking during the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 92.42% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Bank of America boosted their price objective on Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Erste Group Bank upgraded Booking from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Royal Bank Of Canada boosted their price objective on Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Barclays boosted their price objective on Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley set a $5,650.00 price objective on Booking and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $5,781.04.

Booking Trading Up 0.4%

Shares of BKNG traded up $23.39 during trading hours on Wednesday, hitting $5,528.94. The company had a trading volume of 82,308 shares, compared to its average volume of 244,312. The company has a market capitalization of $179.19 billion, a PE ratio of 38.45, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. Booking Holdings Inc. has a one year low of $3,700.97 and a one year high of $5,839.41. The company's fifty day moving average price is $5,617.88 and its two-hundred day moving average price is $5,189.19.

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

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given 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 payout ratio is presently 26.71%.

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's stock in a transaction 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 4,052 shares of company stock valued at $22,511,858. Insiders own 0.16% of the company's stock.

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.