Booking Holdings Inc. $BKNG is Timucuan Asset Management Inc. FL’s 3rd Largest Position

Timucuan Asset Management Inc. FL trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 49,004 shares of the business services provider’s stock after selling 518 shares during the quarter. Booking makes up about 8.3% of Timucuan Asset Management Inc. FL’s portfolio, making the stock its 3rd biggest position. Timucuan Asset Management Inc. FL’s holdings in Booking were worth $283,694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd boosted its stake in shares of Booking by 15.6% during the second quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock valued at $2,958,000 after purchasing an additional 69 shares during the period. Vontobel Holding Ltd. lifted its holdings in Booking by 18.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock valued at $437,284,000 after buying an additional 11,829 shares in the last quarter. Covey Capital Advisors LLC boosted its position in Booking by 1.0% in the 2nd quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock valued at $6,467,000 after buying an additional 11 shares during the period. Atria Investments Inc grew its stake in Booking by 12.7% in the 2nd quarter. Atria Investments Inc now owns 2,291 shares of the business services provider’s stock worth $13,262,000 after acquiring an additional 259 shares in the last quarter. Finally, Vest Financial LLC increased its position in shares of Booking by 0.7% during the second quarter. Vest Financial LLC now owns 9,090 shares of the business services provider’s stock worth $52,624,000 after acquiring an additional 61 shares during the period. Institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BNP Paribas set a $6,100.00 price target on Booking in a report on Monday, November 24th. The Goldman Sachs Group upped their target price on Booking from $5,640.00 to $6,050.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. UBS Group set a $6,806.00 price objective on shares of Booking and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Morgan Stanley set a $6,150.00 target price on shares of Booking in a research report on Wednesday, October 29th. Finally, Citigroup restated a “market outperform” rating on shares of Booking in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $6,141.52.

Booking Stock Down 0.5%

NASDAQ:BKNG opened at $4,891.81 on Tuesday. The stock has a market capitalization of $157.68 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 1.57 and a beta of 1.34. 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 of $5,112.37 and a 200 day moving average of $5,389.45.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same period in the prior year, the firm posted $83.39 earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a $9.60 dividend. The ex-dividend date is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a yield of 0.8%. Booking’s dividend payout ratio (DPR) is 24.96%.

Insiders Place Their Bets

In other news, CEO Glenn D. Fogel sold 400 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $5,007.69, for a total transaction of $2,003,076.00. Following the transaction, the chief executive officer owned 21,751 shares in the company, valued at $108,922,265.19. This represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert J. Mylod, Jr. sold 40 shares of Booking stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the completion of the sale, the director owned 960 shares of the company’s stock, valued at $4,800,000. This trade represents a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,452 shares of company stock worth $17,987,397 over the last ninety days. Insiders own 0.16% of the company’s stock.

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.