Woodline Partners LP Buys 414 Shares of Booking Holdings Inc. $BKNG

Woodline Partners LP increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,430 shares of the business services provider’s stock after acquiring an additional 414 shares during the quarter. Woodline Partners LP’s holdings in Booking were worth $25,016,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingswood Wealth Advisors LLC boosted its position in shares of Booking by 27.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider’s stock worth $844,000 after acquiring an additional 39 shares during the last quarter. Point72 Europe London LLP bought a new position in shares of Booking during the fourth quarter worth $15,054,000. International Assets Investment Management LLC bought a new position in shares of Booking during the first quarter worth $203,000. Perigon Wealth Management LLC lifted its position in Booking by 9.4% during the first quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider’s stock valued at $1,281,000 after purchasing an additional 24 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Booking by 13.2% during the first quarter. GAMMA Investing LLC now owns 513 shares of the business services provider’s stock valued at $2,363,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated Friday, August 15th. The shares were 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 in the company, valued at $134,841,031.80. This trade represents a 3.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Larry Quinlan sold 64 shares of Booking stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the sale, the director owned 195 shares of the company’s stock, valued at $1,089,486.45. The trade was a 24.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,116 shares of company stock valued at $22,869,434 in the last quarter. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on BKNG. Wedbush reiterated a “neutral” rating and set a $5,900.00 price objective on shares of Booking in a research report on Wednesday, July 30th. BTIG Research reiterated a “buy” rating and set a $6,250.00 price objective on shares of Booking in a research report on Thursday, September 4th. Barclays increased their price objective on shares of Booking from $5,700.00 to $6,000.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. BMO Capital Markets reiterated an “outperform” rating and set a $6,000.00 price objective (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, DA Davidson increased their price objective on shares of Booking from $5,750.00 to $6,500.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Three equities research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5,808.81.

Booking Trading Up 0.0%

Booking stock opened at $5,571.83 on Wednesday. The firm has a 50-day moving average price of $5,608.31 and a 200-day moving average price of $5,206.63. The firm has a market capitalization of $180.58 billion, a PE ratio of 38.75, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. Booking Holdings Inc. has a 12-month low of $3,719.34 and a 12-month high of $5,839.41.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued 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 yield of 0.7%. Booking’s dividend payout ratio (DPR) 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.