2,600 Shares in Booking Holdings Inc. $BKNG Bought by LTS One Management LP

LTS One Management LP purchased a new position in Booking Holdings Inc. (NASDAQ:BKNG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,600 shares of the business services provider’s stock, valued at approximately $11,978,000. Booking accounts for about 3.6% of LTS One Management LP’s investment portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BKNG. Wealth Preservation Advisors LLC purchased a new stake in shares of Booking in the first quarter worth $28,000. Keystone Global Partners LLC purchased a new stake in shares of Booking in the first quarter worth $32,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Booking in the fourth quarter worth $40,000. Alpine Bank Wealth Management purchased a new stake in shares of Booking in the first quarter worth $41,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in shares of Booking in the fourth quarter worth $50,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the transaction, the chief executive officer directly owned 24,620 shares of the company’s stock, valued at $134,841,031.80. The trade was a 3.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 4,052 shares of company stock worth $22,511,858. 0.16% of the stock is owned by insiders.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $5,615.68 on Thursday. The stock has a market capitalization of $182.00 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 1.65 and a beta of 1.41. The stock’s 50-day simple moving average is $5,598.88 and its two-hundred day simple moving average is $5,170.82. Booking Holdings Inc. has a 52-week low of $3,700.97 and a 52-week high of $5,839.41.

Booking (NASDAQ:BKNG) last announced 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 business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $9.60 per share. 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 payout ratio is presently 26.71%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Piper Sandler reissued a “neutral” rating and issued a $5,750.00 target price (up from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $6,000.00 price objective (up from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Booking in a research report on Wednesday, July 30th. UBS Group increased their price objective on Booking from $5,750.00 to $6,300.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Finally, Royal Bank Of Canada increased their price objective on Booking from $5,900.00 to $6,100.00 and gave the company an “outperform” rating in a research 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $5,781.04.

About Booking

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.