United Services Automobile Association Takes Position in Booking Holdings Inc. $BKNG

Key Points

• United Services Automobile Association invested approximately $3.59 million in Booking Holdings Inc., acquiring 775 shares in the first quarter.
• Booking's latest earnings report showed an EPS of $55.40, surpassing the consensus estimate of $50.32, while revenue increased by 16.0% year-over-year.
• The firm announced a quarterly dividend of $9.60 per share, which will be paid to shareholders on September 30th, representing a yield of 0.7%.

United Services Automobile Association acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 775 shares of the business services provider's stock, valued at approximately $3,592,000.

Other institutional investors have also modified their holdings of the company. Wealth Preservation Advisors LLC acquired a new stake in shares of Booking in the first quarter valued at $28,000. Keystone Global Partners LLC acquired a new stake in shares of Booking in the first quarter valued at $32,000. Activest Wealth Management grew its stake in shares of Booking by 300.0% in the first quarter. Activest Wealth Management now owns 8 shares of the business services provider's stock valued at $37,000 after buying an additional 6 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Booking in the first quarter valued at $41,000. Finally, WPG Advisers LLC acquired a new stake in shares of Booking in the first quarter valued at $41,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 value of $5,548,089.57. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Larry Quinlan sold 64 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $5,587.11, for a total value of $357,575.04. Following the completion of the sale, the director directly owned 195 shares of the company's stock, valued at $1,089,486.45. The trade was a 24.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,116 shares of company stock worth $22,869,434 over the last ninety days. Insiders own 0.16% of the company's stock.

Booking Price Performance

Shares of NASDAQ BKNG traded down $97.02 during midday trading on Wednesday, hitting $5,474.81. 247,054 shares of the company's stock were exchanged, compared to its average volume of 170,010. Booking Holdings Inc. has a twelve month low of $3,719.34 and a twelve month high of $5,839.41. The company has a market cap of $177.44 billion, a PE ratio of 38.08, a P/E/G ratio of 1.61 and a beta of 1.39. The firm's fifty day simple moving average is $5,603.77 and its 200-day simple moving average is $5,208.48.

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, topping the consensus estimate 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 analyst estimates of $6.54 billion. During the same quarter last year, the company earned $41.90 EPS. The business's quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Announces Dividend

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

Analyst Ratings Changes

BKNG has been the subject of a number of research reports. DA Davidson lifted their price objective on Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Piper Sandler reaffirmed a "neutral" rating and issued a $5,750.00 price objective (up from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their price objective on Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Barclays boosted their target price on Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, BTIG Research reissued a "buy" rating and set a $6,250.00 target price on shares of Booking in a research note on Thursday, September 4th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Booking currently has a consensus rating of "Moderate Buy" and an average target price of $5,808.81.

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.