AMF Tjanstepension AB Purchases 14,548 Shares of Booking Holdings Inc. $BKNG

AMF Tjanstepension AB grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 834.7% during the second quarter, Holdings Channel reports. The institutional investor owned 16,291 shares of the business services provider’s stock after acquiring an additional 14,548 shares during the quarter. AMF Tjanstepension AB’s holdings in Booking were worth $94,325,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BKNG. Kingswood Wealth Advisors LLC raised its position in shares of Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider’s stock valued at $844,000 after purchasing an additional 39 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Booking in the 1st quarter valued at approximately $203,000. Overbrook Management Corp raised its position in shares of Booking by 49.5% in the 2nd quarter. Overbrook Management Corp now owns 3,314 shares of the business services provider’s stock valued at $19,186,000 after purchasing an additional 1,098 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Booking in the 1st quarter valued at approximately $3,592,000. Finally, Perigon Wealth Management LLC raised its position in shares of Booking by 9.4% in the 1st 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. 92.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BKNG has been the subject of several research analyst reports. Truist Financial increased their price objective on shares of Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a research report on Monday, July 14th. Evercore ISI increased their price objective on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. UBS Group raised their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Benchmark reissued a “buy” rating and set a $6,200.00 price target (up from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Wedbush reissued a “neutral” rating and set a $5,900.00 price target on shares of Booking in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5,807.89.

Booking Price Performance

NASDAQ:BKNG opened at $5,418.05 on Friday. The firm has a market cap of $175.60 billion, a price-to-earnings ratio of 37.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.35. The company has a 50 day moving average price of $5,524.95 and a 200-day moving average price of $5,297.52. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating 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 quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 5th. Booking’s payout ratio is 26.71%.

Insider Activity

In other news, Director Larry Quinlan sold 64 shares of Booking stock in a transaction that occurred on 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 $1,089,486.45. The trade was a 24.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the transaction, the director directly owned 747 shares of the company’s stock, valued at approximately $4,108,500. This trade represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,195 shares of company stock valued at $23,467,630 in the last three months. 0.16% of the stock is currently owned by corporate insiders.

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.