Booking Holdings Inc. $BKNG Stock Holdings Raised by Timucuan Asset Management Inc. FL

Key Points

• Timucuan Asset Management Inc. FL increased its position in Booking Holdings Inc. to $228.14 million, now comprising about 7.0% of its investment portfolio.
• Booking reported strong quarterly earnings, with an EPS of $55.40, surpassing expectations and showing a 16.0% revenue increase year-over-year.
• The company recently announced a quarterly dividend of $9.60 per share, reflecting an annualized dividend of $38.40 and a yield of 0.7%.

Timucuan Asset Management Inc. FL boosted its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,522 shares of the business services provider's stock after purchasing an additional 244 shares during the period. Booking comprises approximately 7.0% of Timucuan Asset Management Inc. FL's investment portfolio, making the stock its 5th biggest position. Timucuan Asset Management Inc. FL owned approximately 0.15% of Booking worth $228,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Booking by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock valued at $13,620,154,000 after buying an additional 30,054 shares during the period. GAMMA Investing LLC grew its stake in Booking by 521,609.7% during the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock worth $10,887,718,000 after purchasing an additional 2,362,892 shares during the period. Northern Trust Corp grew its stake in Booking by 0.5% during the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider's stock worth $1,706,063,000 after purchasing an additional 1,699 shares during the period. Deutsche Bank AG grew its stake in Booking by 6.6% during the first quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider's stock worth $1,365,170,000 after purchasing an additional 18,268 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Booking by 3.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider's stock worth $1,023,655,000 after purchasing an additional 8,015 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wedbush reaffirmed a "neutral" rating and set a $5,900.00 target price on shares of Booking in a research note on Wednesday, July 30th. Morgan Stanley set a $5,650.00 price target on Booking and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. UBS Group increased their price target on Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Benchmark reiterated a "buy" rating and issued a $6,200.00 price target (up previously from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Finally, Wells Fargo & Company raised their target price on Booking from $5,411.00 to $5,418.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $5,781.04.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the sale, the chief executive officer directly owned 24,620 shares in the company, valued at approximately $134,841,031.80. This represents a 3.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 4,052 shares of company stock valued at $22,511,858 in the last 90 days. Insiders own 0.16% of the company's stock.

Booking Stock Down 0.9%

Booking stock traded down $52.94 during mid-day trading on Friday, reaching $5,599.05. 138,885 shares of the company's stock were exchanged, compared to its average volume of 179,989. The business's fifty day simple moving average is $5,612.10 and its 200 day simple moving average is $5,181.88. The firm has a market capitalization of $181.47 billion, a PE ratio of 38.94, a P/E/G ratio of 1.61 and a beta of 1.41. Booking Holdings Inc. has a one year low of $3,700.97 and a one year high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion for 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%.Booking's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

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

Booking 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.