TD Asset Management Inc Grows Holdings in Booking Holdings Inc. $BKNG

TD Asset Management Inc increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 111,362 shares of the business services provider’s stock after purchasing an additional 6,719 shares during the quarter. TD Asset Management Inc’s holdings in Booking were worth $644,701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC boosted its stake in Booking by 1.2% in the first quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider’s stock valued at $809,000 after acquiring an additional 2 shares during the last quarter. WNY Asset Management LLC boosted its stake in Booking by 3.7% in the first quarter. WNY Asset Management LLC now owns 56 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 2 shares during the last quarter. Gries Financial LLC boosted its stake in Booking by 1.6% in the first quarter. Gries Financial LLC now owns 125 shares of the business services provider’s stock valued at $576,000 after acquiring an additional 2 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in Booking by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,854,000 after acquiring an additional 2 shares during the last quarter. Finally, Nicolet Advisory Services LLC boosted its stake in Booking by 0.8% in the first quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider’s stock valued at $1,070,000 after acquiring an additional 2 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Up 1.7%

Shares of BKNG opened at $5,253.85 on Tuesday. The stock has a market capitalization of $170.28 billion, a P/E ratio of 36.54, a PEG ratio of 1.60 and a beta of 1.35. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The firm has a fifty day simple moving average of $5,488.05 and a two-hundred day simple moving average of $5,329.42.

Booking (NASDAQ:BKNG) last released its quarterly earnings data 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. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.54 billion. During the same quarter in the previous year, the company earned $41.90 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a $9.60 dividend. 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 dividend payout ratio (DPR) is currently 26.71%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $6,000.00 price target (up previously from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Booking in a report on Saturday, September 27th. Bank of America upped their target price on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Piper Sandler reissued a “neutral” rating and issued a $5,750.00 price target (up previously from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, B. Riley reissued a “buy” rating and issued a $6,700.00 price target (up previously from $6,100.00) on shares of Booking in a research note on Wednesday, July 30th. Three research 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 stock. According to MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus price target of $5,808.81.

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total value of $82,500.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the sale, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at approximately $130,237,930.44. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,169 shares of company stock valued at $11,929,560. Company 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.