Mitsubishi UFJ Trust & Banking Corp Has $151.20 Million Holdings in Booking Holdings Inc. $BKNG

Mitsubishi UFJ Trust & Banking Corp cut its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 0.2% in the second quarter, HoldingsChannel reports. The firm owned 26,117 shares of the business services provider’s stock after selling 52 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Booking were worth $151,198,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Wealth Preservation Advisors LLC bought a new stake in shares of Booking during the 1st quarter worth about $28,000. Atwood & Palmer Inc. bought a new position in shares of Booking in the 2nd quarter valued at approximately $29,000. Westside Investment Management Inc. lifted its holdings in Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after purchasing an additional 4 shares during the last quarter. Keystone Global Partners LLC bought a new stake in Booking during the first quarter worth approximately $32,000. Finally, O Brien Wealth Partners LLC bought a new stake in Booking during the second quarter worth approximately $35,000. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BKNG has been the topic of a number of recent analyst reports. Benchmark boosted their price objective on shares of Booking from $6,200.00 to $6,400.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Susquehanna lifted their target price on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Evercore ISI upped their price target on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, Hsbc Global Res upgraded Booking to a “strong-buy” rating in a research note on Thursday, July 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6,121.23.

Booking Price Performance

NASDAQ BKNG opened at $5,050.65 on Wednesday. The firm has a market capitalization of $162.80 billion, a price-to-earnings ratio of 32.83, a P/E/G ratio of 1.57 and a beta of 1.34. The company’s fifty day moving average is $5,289.23 and its two-hundred day moving average is $5,414.69. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 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 business 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 business earned $83.39 earnings per share. The firm’s revenue for the quarter 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, sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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 issued a $9.60 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $38.40 annualized dividend and a yield of 0.8%. Booking’s dividend payout ratio is 24.96%.

Insider Buying and Selling

In related news, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the completion of the transaction, the director directly owned 131 shares in the company, valued at approximately $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the firm’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 completion of the transaction, the director directly owned 732 shares of the company’s stock, valued at approximately $3,873,729.36. This trade represents a 2.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,437 shares of company stock worth $18,460,963. 0.16% of the stock is currently owned by corporate insiders.

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.