Cypress Capital Group Makes New $677,000 Investment in Booking Holdings Inc. $BKNG

Cypress Capital Group purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 117 shares of the business services provider’s stock, valued at approximately $677,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its position in shares of Booking by 1,411.9% during the first 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 grew its stake in shares of Booking by 79.4% during the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock worth $695,259,000 after acquiring an additional 68,243 shares during the period. TD Asset Management Inc grew its stake in shares of Booking by 182.2% during the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider’s stock worth $482,081,000 after acquiring an additional 67,562 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake 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. boosted its stake 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. 92.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BKNG shares. Citigroup raised their price objective on Booking from $5,560.00 to $6,500.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. BTIG Research reiterated a “buy” rating and set a $6,250.00 price objective on shares of Booking in a research note on Wednesday, October 8th. Truist Financial boosted their price target on Booking from $4,720.00 to $5,630.00 and gave the stock a “hold” rating in a research note on Monday, July 14th. Barclays upped their price objective on Booking from $5,700.00 to $6,000.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $5,900.00 price objective on shares of Booking in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average price target of $5,808.81.

Insider Activity

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 23,607 shares in the company, valued at $130,237,930.44. This represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the director owned 131 shares in the company, valued at $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,195 shares of company stock worth $23,467,630 over the last ninety days. Corporate insiders own 0.16% of the company’s stock.

Booking Price Performance

Booking stock opened at $5,164.93 on Monday. The stock has a market capitalization of $167.40 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 1.60 and a beta of 1.35. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The business has a fifty day moving average price of $5,492.50 and a 200-day moving average price of $5,325.09.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping analysts’ consensus estimates of $50.32 by $5.08. The company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, September 5th. Booking’s 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.