Triglav Investments D.O.O. Buys Shares of 950 Booking Holdings Inc. $BKNG

Triglav Investments D.O.O. bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 950 shares of the business services provider’s stock, valued at approximately $5,500,000.

Other hedge funds have also added to or reduced their stakes in the company. Vontobel Holding Ltd. increased its stake in shares of Booking by 18.6% in the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after purchasing an additional 11,829 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of Booking by 15.6% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock worth $2,958,000 after purchasing an additional 69 shares in the last quarter. Covey Capital Advisors LLC increased its stake in shares of Booking by 1.0% in the 2nd quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock worth $6,467,000 after purchasing an additional 11 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Booking by 20.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock worth $6,090,000 after purchasing an additional 175 shares in the last quarter. Finally, Atria Investments Inc increased its stake in shares of 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 purchasing an additional 259 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Stock Down 0.0%

Shares of Booking stock opened at $5,077.74 on Friday. The firm has a market cap of $164.57 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 1.57 and a beta of 1.35. The business has a 50-day moving average price of $5,381.21 and a 200-day moving average price of $5,393.18. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41.

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

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 dividend on an annualized basis and a dividend yield of 0.8%. Booking’s dividend payout ratio (DPR) is presently 24.96%.

Insider Activity at Booking

In related news, Director Larry Quinlan sold 64 shares of the stock in a transaction dated Monday, September 15th. The shares were 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 owned 131 shares of the company’s stock, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the transaction, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,197 shares of company stock valued at $17,260,963. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. KeyCorp upped their price objective on Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a research note on Wednesday. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upped 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. Citigroup reaffirmed a “market outperform” rating on shares of Booking in a report on Wednesday. Finally, Cantor Fitzgerald decreased their price target on Booking from $5,590.00 to $5,550.00 and set a “neutral” rating on the stock in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6,121.23.

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.