Flossbach Von Storch SE Has $92.69 Million Holdings in Booking Holdings Inc. $BKNG

Flossbach Von Storch SE lowered its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 6.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,010 shares of the business services provider’s stock after selling 1,066 shares during the period. Flossbach Von Storch SE’s holdings in Booking were worth $92,686,000 at the end of the most recent quarter.

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

Booking Trading Up 0.8%

Shares of BKNG stock opened at $4,940.00 on Friday. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The stock has a 50-day moving average of $5,311.14 and a 200-day moving average of $5,407.51. The stock has a market cap of $159.24 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $8.71 billion. During the same quarter in the previous year, the business earned $83.39 earnings per share. Booking’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. Sell-side analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s dividend payout ratio is presently 24.96%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BKNG. Robert W. Baird set a $6,325.00 price target on Booking in a research report on Wednesday, October 29th. Royal Bank Of Canada raised their price objective on shares of Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Piper Sandler reissued a “neutral” rating and issued a $5,750.00 target price (up previously from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Wedbush set a $6,000.00 price target on Booking and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Seaport Global Securities increased their price objective on shares of Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average target price of $6,121.23.

Insider Buying and Selling

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the transaction, the director owned 732 shares in the company, valued at approximately $3,873,729.36. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction on 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 in the company, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,197 shares of company stock worth $17,260,963 in the last ninety days. Corporate insiders own 0.16% of the company’s stock.

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.