TD Asset Management Inc Has $644.70 Million Holdings in Booking Holdings Inc. $BKNG

Key Points

• TD Asset Management Inc increased its holdings in Booking Holdings Inc. by 6.4% in the second quarter, now owning approximately $644.70 million worth of shares.
• Several large investors, including Pacer Advisors Inc. and Goldman Sachs Group Inc., significantly boosted their stakes in Booking during the first quarter.
• Booking's recent earnings report showed a 16.0% year-over-year revenue increase, surpassing analysts' expectations and resulting in earnings of $55.40 per share.

TD Asset Management Inc lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 6.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,362 shares of the business services provider's stock after buying an additional 6,719 shares during the period. TD Asset Management Inc owned about 0.34% of Booking worth $644,701,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BKNG. Pacer Advisors Inc. boosted its stake in shares of Booking by 1,411.9% during the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock worth $516,900,000 after buying an additional 104,780 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Booking by 79.4% during the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider's stock worth $695,259,000 after buying an additional 68,243 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Booking by 27.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider's stock worth $836,223,000 after buying an additional 39,523 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Booking by 19.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider's stock valued at $983,707,000 after purchasing an additional 35,171 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Booking by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock valued at $13,620,154,000 after purchasing an additional 30,054 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BKNG has been the topic of several research analyst reports. Piper Sandler reissued a "neutral" rating and issued a $5,750.00 price target (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a report on Wednesday, July 30th. Royal Bank Of Canada increased their price target on shares of Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Wells Fargo & Company increased their price target on shares of Booking from $5,418.00 to $5,443.00 and gave the stock an "equal weight" rating in a research report on Monday, October 6th. 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 report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $5,808.81.

Insider Buying and Selling at Booking

In other news, Director Larry Quinlan sold 64 shares of Booking stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the transaction, the director directly owned 131 shares in the company, valued at $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the transaction, the director owned 747 shares of the company's stock, valued at $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,169 shares of company stock valued at $11,929,560. Corporate insiders own 0.16% of the company's stock.

Booking Stock Performance

BKNG stock opened at $5,253.85 on Tuesday. The company has a fifty day moving average price of $5,488.05 and a 200-day moving average price of $5,329.42. The company has a market capitalization of $170.28 billion, a P/E ratio of 36.54, a PEG ratio of 1.60 and a beta of 1.35. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its earnings results 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. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter last year, the firm earned $41.90 earnings per share. Booking's quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, September 5th. Booking's payout ratio is 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.

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.