UniSuper Management Pty Ltd Sells 5,471 Shares of Booking Holdings Inc. $BKNG

Key Points

• UniSuper Management Pty Ltd sold 5,471 shares of Booking Holdings Inc., reducing its holdings by 43.8% to 7,022 shares, valued at approximately $32.35 million.
• CEO Glenn D. Fogel sold 1,013 shares of Booking at an average price of $5,476.89, resulting in a total transaction of $5.55 million, reducing his ownership by 3.95%.
• Booking's recent quarterly earnings exceeded analyst expectations with EPS of $55.40, beating the estimate of $50.32, and the company has declared a $9.60 quarterly dividend per share.

UniSuper Management Pty Ltd trimmed its holdings in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 43.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,022 shares of the business services provider's stock after selling 5,471 shares during the quarter. UniSuper Management Pty Ltd's holdings in Booking were worth $32,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Elequin Capital LP boosted its position in shares of Booking by 20.0% during the 4th quarter. Elequin Capital LP now owns 12 shares of the business services provider's stock valued at $60,000 after acquiring an additional 2 shares during the last quarter. Fidelis Capital Partners LLC raised its holdings in Booking by 1.2% during the 1st quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock valued at $809,000 after buying an additional 2 shares during the period. WNY Asset Management LLC raised its holdings in Booking by 3.7% during the 1st quarter. WNY Asset Management LLC now owns 56 shares of the business services provider's stock valued at $258,000 after buying an additional 2 shares during the period. Gries Financial LLC raised its holdings in Booking by 1.6% during the 1st quarter. Gries Financial LLC now owns 125 shares of the business services provider's stock valued at $576,000 after buying an additional 2 shares during the period. Finally, Sheaff Brock Investment Advisors LLC raised its holdings in Booking by 0.5% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock valued at $1,854,000 after buying an additional 2 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business's 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 owned 24,620 shares in the company, 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 is accessible through this hyperlink. Insiders sold a total of 4,052 shares of company stock worth $22,511,858 in the last 90 days. 0.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barclays lifted their target price on Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Piper Sandler reiterated a "neutral" rating and set a $5,750.00 target price (up from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Booking in a research report on Wednesday, July 30th. Bank of America lifted their target price on Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Truist Financial lifted their target price on Booking from $4,720.00 to $5,630.00 and gave the stock a "hold" rating in a research report on Monday, July 14th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.

Booking Trading Down 1.4%

Shares of Booking stock opened at $5,505.80 on Friday. The firm has a market cap of $178.44 billion, a P/E ratio of 38.29, a P/E/G ratio of 1.59 and a beta of 1.39. Booking Holdings Inc. has a 12 month low of $3,700.97 and a 12 month high of $5,839.41. The stock's fifty day moving average price is $5,615.88 and its 200-day moving average price is $5,198.75.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating the consensus estimate of $50.32 by $5.08. The firm 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%.The business's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $41.90 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, September 5th. This represents a $38.40 dividend on an annualized basis 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.

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