Booking Holdings Inc. $BKNG Shares Sold by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,241 shares of the business services provider’s stock after selling 44 shares during the quarter. Booking accounts for about 1.7% of Alpine Woods Capital Investors LLC’s portfolio, making the stock its 14th largest holding. Alpine Woods Capital Investors LLC’s holdings in Booking were worth $7,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Pacer Advisors Inc. raised its holdings in Booking by 1,411.9% in the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider’s stock worth $516,900,000 after purchasing an additional 104,780 shares during the period. AQR Capital Management LLC raised its holdings in Booking by 79.4% in the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock worth $695,259,000 after purchasing an additional 68,243 shares during the period. TD Asset Management Inc raised its holdings in Booking by 182.2% in the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider’s stock worth $482,081,000 after purchasing an additional 67,562 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Booking by 27.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider’s stock worth $836,223,000 after purchasing an additional 39,523 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Booking by 19.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider’s stock worth $983,707,000 after purchasing an additional 35,171 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the subject of a number of analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $6,250.00 price target on shares of Booking in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Booking in a report on Saturday, September 27th. UBS Group upped their price target on Booking from $5,750.00 to $6,300.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Wedbush reaffirmed a “neutral” rating and issued a $5,900.00 price target on shares of Booking in a report on Wednesday, July 30th. Finally, Mizuho initiated coverage on Booking in a research note on Monday, September 29th. They set a “neutral” rating and a $5,975.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $5,808.81.

Insider Activity

In other news, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 131 shares in the company, valued at $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the sale, the chief executive officer owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,169 shares of company stock worth $11,929,560 over the last ninety days. Corporate insiders own 0.16% of the company’s stock.

Booking Trading Up 1.7%

NASDAQ:BKNG opened at $5,253.85 on Tuesday. The stock has a 50 day moving average of $5,488.05 and a two-hundred day moving average of $5,329.42. The firm has a market cap of $170.28 billion, a P/E ratio of 36.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.35. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $50.32 by $5.08. The business had revenue of $6.80 billion during the quarter, compared to analyst estimates 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 was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a $9.60 dividend. The ex-dividend date was Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s dividend payout ratio is 26.71%.

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.