Geode Capital Management LLC Buys 9,333 Shares of Booking Holdings Inc. $BKNG

Geode Capital Management LLC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 854,838 shares of the business services provider’s stock after acquiring an additional 9,333 shares during the quarter. Geode Capital Management LLC owned about 2.64% of Booking worth $4,936,132,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Booking by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock valued at $13,620,154,000 after purchasing an additional 30,054 shares during the period. Northern Trust Corp raised its holdings in Booking by 0.5% in the 1st quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock worth $1,706,063,000 after acquiring an additional 1,699 shares during the period. Deutsche Bank AG lifted its position in Booking by 6.6% during the 1st quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock worth $1,365,170,000 after acquiring an additional 18,268 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Booking by 9.5% during the second quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock valued at $1,297,331,000 after acquiring an additional 19,578 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Booking by 3.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider’s stock valued at $1,023,655,000 after purchasing an additional 8,015 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on BKNG. Cantor Fitzgerald cut their price target on Booking from $5,590.00 to $5,550.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. B. Riley boosted their price target on Booking from $6,700.00 to $6,800.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Citigroup reissued a “market outperform” rating on shares of Booking in a report on Wednesday, October 29th. Benchmark upped their target price on Booking from $6,200.00 to $6,400.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Rothschild & Co Redburn lifted their price target on shares of Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $6,121.23.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $5,050.65 on Wednesday. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41. The business has a fifty day moving average of $5,289.23 and a two-hundred day moving average of $5,414.69. The stock has a market cap of $162.80 billion, a PE ratio of 32.83, a PEG ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter last year, the company posted $83.39 EPS. The firm’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. Analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

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

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 200 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the transaction, the insider owned 1,514 shares of the company’s stock, valued at approximately $7,570,000. The trade was a 11.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 625 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the completion of the sale, the chief executive officer owned 22,982 shares of the company’s stock, valued at approximately $118,162,642.46. This trade represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,437 shares of company stock worth $18,460,963 over the last 90 days. 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.