Totem Point Management LLC cut its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 71.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 553 shares of the business services provider's stock after selling 1,354 shares during the quarter. Booking makes up 3.1% of Totem Point Management LLC's investment portfolio, making the stock its 10th biggest holding. Totem Point Management LLC's holdings in Booking were worth $2,548,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in BKNG. GAMMA Investing LLC boosted its position in shares of Booking by 521,609.7% in the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after purchasing an additional 2,362,892 shares during the period. Pacer Advisors Inc. lifted its position in 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 acquiring an additional 104,780 shares during the period. TD Asset Management Inc lifted its position in Booking by 182.2% during the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock worth $482,081,000 after acquiring an additional 67,562 shares during the period. Voloridge Investment Management LLC lifted its position in Booking by 127.3% during the 4th quarter. Voloridge Investment Management LLC now owns 81,785 shares of the business services provider's stock worth $406,342,000 after acquiring an additional 45,808 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in 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 acquiring an additional 39,523 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 4,052 shares of company stock worth $22,511,858 over the last 90 days. 0.16% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Wells Fargo & Company increased their price objective on Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada increased their price objective on Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Susquehanna increased their price objective on Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Wedbush reaffirmed a "neutral" rating and set a $5,900.00 price objective on shares of Booking in a research report on Wednesday, July 30th. Finally, Hsbc Global Res raised Booking to a "strong-buy" rating in a report on Thursday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and a consensus price target of $5,781.04.
View Our Latest Research Report on BKNG
Booking Stock Down 1.7%
Shares of NASDAQ:BKNG traded down $93.50 during midday trading on Tuesday, reaching $5,505.55. The company's stock had a trading volume of 244,416 shares, compared to its average volume of 245,245. The firm has a market cap of $178.43 billion, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. Booking Holdings Inc. has a 1 year low of $3,700.97 and a 1 year high of $5,839.41. The business has a 50 day moving average price of $5,617.41 and a 200 day moving average price of $5,186.97.
Booking (NASDAQ:BKNG - Get Free Report) last issued its 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 firm had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same quarter last year, the firm earned $41.90 earnings per share. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.
Booking Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid 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 payout ratio is currently 26.71%.
About Booking
(
Free Report)
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.
Further Reading
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