Versor Investments LP Lowers Position in Booking Holdings Inc. $BKNG

Key Points

• Versor Investments LP reduced its stake in Booking Holdings Inc. by 47.6%, now holding 54 shares valued at $249,000.
• Booking reported $55.40 earnings per share for the last quarter, surpassing analyst estimates of $50.32, with revenue growth of 16.0% year-over-year.
• The company announced a quarterly dividend of $9.60, representing an annualized yield of 0.7%, with a payout ratio of 26.71%.

Versor Investments LP cut its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 47.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54 shares of the business services provider's stock after selling 49 shares during the period. Versor Investments LP's holdings in Booking were worth $249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BKNG. GAMMA Investing LLC lifted its holdings in Booking by 521,609.7% in 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 buying an additional 2,362,892 shares during the period. Pacer Advisors Inc. lifted its holdings in Booking by 1,411.9% in the first quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider's stock worth $516,900,000 after buying an additional 104,780 shares during the period. TD Asset Management Inc lifted its holdings in Booking by 182.2% in the first quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider's stock worth $482,081,000 after buying an additional 67,562 shares during the period. Northern Trust Corp lifted its holdings in Booking by 18.8% in the fourth quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after buying an additional 58,357 shares during the period. Finally, Voloridge Investment Management LLC lifted its holdings in shares of Booking by 127.3% during the fourth quarter. Voloridge Investment Management LLC now owns 81,785 shares of the business services provider's stock valued at $406,342,000 after purchasing an additional 45,808 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Up 1.3%

Shares of NASDAQ BKNG opened at $5,710.74 on Friday. Booking Holdings Inc. has a twelve month low of $3,700.97 and a twelve month high of $5,839.41. The firm has a market cap of $185.09 billion, a P/E ratio of 39.72, a PEG ratio of 1.63 and a beta of 1.41. The company has a 50 day moving average of $5,569.06 and a 200 day moving average of $5,145.30.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. During the same period in the previous 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. As a group, equities analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's payout ratio is 26.71%.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 value 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 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 SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 4,052 shares of company stock valued at $22,511,858. Insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BKNG shares. Wells Fargo & Company lifted their target price on shares of Booking from $5,411.00 to $5,418.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. BMO Capital Markets reiterated an "outperform" rating and set a $6,000.00 target price (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Wall Street Zen upgraded shares of Booking from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. DA Davidson lifted their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Barclays lifted their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Booking presently has an average rating of "Moderate Buy" and a consensus target price of $5,781.04.

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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