KLP Kapitalforvaltning AS Raises Holdings in Booking Holdings Inc. $BKNG

KLP Kapitalforvaltning AS grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,513 shares of the business services provider’s stock after purchasing an additional 500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Booking were worth $89,808,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Atwood & Palmer Inc. purchased a new position in shares of Booking during the second quarter worth about $29,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Booking in the first quarter valued at about $28,000. O Brien Wealth Partners LLC purchased a new stake in shares of Booking in the second quarter valued at about $35,000. First PREMIER Bank raised its holdings in shares of Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after buying an additional 3 shares during the last quarter. Finally, Keystone Global Partners LLC purchased a new stake in shares of Booking in the first quarter valued at about $32,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 24,620 shares of the company’s stock, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Larry Quinlan sold 64 shares of the 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 completion of the transaction, the director directly owned 195 shares of the company’s stock, valued at approximately $1,089,486.45. This trade represents a 24.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,195 shares of company stock valued at $23,467,630. Corporate insiders own 0.16% of the company’s stock.

Booking Stock Up 0.0%

NASDAQ BKNG opened at $5,419.87 on Tuesday. The stock has a market capitalization of $175.66 billion, a P/E ratio of 37.69, a P/E/G ratio of 1.56 and a beta of 1.35. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41. The firm has a 50-day moving average price of $5,519.78 and a 200 day moving average price of $5,313.02.

Booking (NASDAQ:BKNG) last posted its quarterly 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 analysts’ expectations of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. On average, equities research 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 was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a $9.60 dividend. The ex-dividend date of this dividend was 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 26.71%.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of research reports. DA Davidson upped 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. Piper Sandler reaffirmed a “neutral” rating and issued a $5,750.00 target price (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Hsbc Global Res raised shares of Booking to a “strong-buy” rating in a report on Thursday, July 17th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Booking in a report on Wednesday, July 30th. Finally, Susquehanna upped their target price on shares of Booking from $6,000.00 to $6,500.00 and gave the company a “positive” rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $5,808.81.

Booking Company 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.