Tocqueville Asset Management L.P. Sells 1,751 Shares of Booking Holdings Inc. $BKNG

Key Points

• Tocqueville Asset Management L.P. reduced its stake in Booking Holdings Inc. by 19.0%, selling 1,751 shares to end the quarter with a holding valued at approximately $34.34 million.
• Booking Holdings reported earnings of $55.40 per share for the last quarter, surpassing expectations, with quarterly revenue up 16.0% year-over-year.
• The company announced a quarterly dividend of $9.60 per share, representing an annualized yield of 0.7%, to be paid on September 30th.

Tocqueville Asset Management L.P. lowered its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 19.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,453 shares of the business services provider's stock after selling 1,751 shares during the period. Tocqueville Asset Management L.P.'s holdings in Booking were worth $34,335,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Booking by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider's stock worth $13,620,154,000 after purchasing an additional 30,054 shares during the last quarter. GAMMA Investing LLC raised its holdings in Booking by 521,609.7% during the 1st 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 last quarter. Northern Trust Corp raised its holdings in Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after purchasing an additional 58,357 shares during the last quarter. Deutsche Bank AG raised its holdings in Booking by 6.6% during the 1st 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 last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Booking by 3.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider's stock valued at $1,023,655,000 after acquiring an additional 8,015 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm'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 transaction of $5,548,089.57. Following the completion of the sale, the chief executive officer owned 24,620 shares of the company's stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 4,052 shares of company stock worth $22,511,858 in the last ninety days. 0.16% of the stock is owned by company insiders.

Booking Trading Up 0.2%

Shares of Booking stock traded up $11.6550 on Thursday, reaching $5,651.4350. 64,158 shares of the company were exchanged, compared to its average volume of 248,053. Booking Holdings Inc. has a one year low of $3,700.97 and a one year high of $5,839.41. The company has a market capitalization of $183.16 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 1.61 and a beta of 1.41. The company has a 50-day moving average of $5,564.08 and a 200 day moving average of $5,138.28.

Booking (NASDAQ:BKNG - Get Free Report) last posted 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. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The business had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter in the prior year, the business earned $41.90 EPS. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on BKNG shares. Barclays upped their price target on Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Evercore ISI upped their price target on Booking from $5,500.00 to $6,250.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Wedbush reaffirmed a "neutral" rating and issued a $5,900.00 price target on shares of Booking in a research note on Wednesday, July 30th. Truist Financial boosted their price objective on Booking from $4,720.00 to $5,630.00 and gave the company a "hold" rating in a research report on Monday, July 14th. Finally, JMP Securities boosted their price objective on Booking from $5,600.00 to $5,700.00 and gave the company a "market outperform" rating in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, Booking has an average rating of "Moderate Buy" and a consensus target price of $5,781.04.

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.