LGT Fund Management Co Ltd. Has $10.95 Million Position in Booking Holdings Inc. $BKNG

LGT Fund Management Co Ltd. lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 32.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,891 shares of the business services provider’s stock after selling 918 shares during the quarter. Booking comprises about 1.0% of LGT Fund Management Co Ltd.’s investment portfolio, making the stock its 23rd largest position. LGT Fund Management Co Ltd.’s holdings in Booking were worth $10,947,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Atwood & Palmer Inc. acquired a new position in Booking in the second quarter worth $29,000. Wealth Preservation Advisors LLC acquired a new position in Booking in the first quarter worth $28,000. O Brien Wealth Partners LLC acquired a new position in Booking in the second quarter worth $35,000. First PREMIER Bank boosted its stake in Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after purchasing an additional 3 shares in the last quarter. Finally, Keystone Global Partners LLC acquired a new position in Booking in the first quarter worth $32,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BKNG. Barclays lifted their target price on Booking from $5,700.00 to $6,000.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Evercore ISI lifted their target price on Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Wells Fargo & Company lifted their target price on Booking from $5,411.00 to $5,418.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. BTIG Research reissued a “buy” rating and issued a $6,250.00 target price on shares of Booking in a research note on Thursday, September 4th. Finally, Bank of America lifted their target price on Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $5,807.89.

Booking Trading Down 0.1%

Shares of BKNG opened at $5,418.05 on Friday. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The stock has a market cap of $175.60 billion, a P/E ratio of 37.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.35. The stock’s 50-day moving average price is $5,524.95 and its two-hundred day moving average price is $5,297.52.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping 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 business earned $41.90 earnings per share. The company’s revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid 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 was Friday, September 5th. Booking’s payout ratio is presently 26.71%.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the sale, the chief executive officer owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the sale, the director directly owned 131 shares in the company, valued at approximately $722,045.80. This represents a 32.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,195 shares of company stock valued at $23,467,630 over the last 90 days. 0.16% of the stock is owned by company insiders.

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.