Booking Holdings Inc. $BKNG Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG lowered its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,439 shares of the business services provider’s stock after selling 2,627 shares during the period. Booking makes up 1.3% of Raiffeisen Bank International AG’s portfolio, making the stock its 12th biggest position. Raiffeisen Bank International AG’s holdings in Booking were worth $84,688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wealth Preservation Advisors LLC purchased a new position in Booking in the first quarter valued at about $28,000. Atwood & Palmer Inc. purchased a new position in shares of Booking in the second quarter valued at $29,000. Westside Investment Management Inc. boosted its stake in Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 4 shares during the last quarter. Keystone Global Partners LLC bought a new stake in shares of Booking in the 1st quarter worth about $32,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of Booking in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Stock Performance

Shares of BKNG opened at $5,048.01 on Monday. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41. The stock’s fifty day moving average is $5,261.72 and its 200-day moving average is $5,417.51. The firm has a market capitalization of $162.72 billion, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34.

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

Booking Announces Dividend

The company 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 dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s dividend payout ratio (DPR) is presently 24.96%.

Analysts Set New Price Targets

Several analysts recently weighed in on BKNG shares. The Goldman Sachs Group boosted their price objective on Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. DA Davidson boosted their target price on shares of Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Finally, UBS Group set a $6,806.00 target price on Booking and gave the company a “buy” rating in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average price target of $6,121.23.

Insider Activity

In other news, Director Larry Quinlan sold 64 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the completion of the sale, the director directly owned 195 shares of the company’s stock, valued at $1,089,486.45. This trade represents a 24.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the sale, the director directly owned 732 shares in the company, valued at $3,873,729.36. This trade represents a 2.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,424 shares of company stock valued at $12,912,874 over the last quarter. Insiders own 0.16% of the company’s stock.

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.