Czech National Bank grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 2,412.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,560 shares of the business services provider’s stock after purchasing an additional 211,781 shares during the period. Czech National Bank’s holdings in Booking were worth $39,313,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of BKNG. Vanguard Group Inc. lifted its stake in Booking by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,997,949 shares of the business services provider’s stock worth $16,055,006,000 after acquiring an additional 23,159 shares during the last quarter. J. Stern & Co. LLP raised its holdings in shares of Booking by 191,965.8% in the 4th quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider’s stock valued at $15,171,489,000 after purchasing an additional 2,831,495 shares in the last quarter. State Street Corp lifted its position in shares of Booking by 0.5% during the 4th quarter. State Street Corp now owns 1,435,116 shares of the business services provider’s stock worth $7,685,520,000 after purchasing an additional 6,976 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Booking by 15.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 966,121 shares of the business services provider’s stock worth $5,173,899,000 after purchasing an additional 128,700 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of Booking by 1,497.3% during the first quarter. Bank of Nova Scotia now owns 870,520 shares of the business services provider’s stock worth $3,665,168,000 after purchasing an additional 816,022 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Booking
In other Booking news, Director Vanessa Ames Wittman sold 1,125 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the sale, the director owned 16,508 shares in the company, valued at approximately $3,169,536. The trade was a 6.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $206.70, for a total value of $206,700.00. Following the completion of the sale, the director directly owned 15,000 shares of the company’s stock, valued at $3,100,500. The trade was a 6.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 69,625 shares of company stock worth $11,652,075. 0.17% of the stock is owned by insiders.
Analysts Set New Price Targets
Check Out Our Latest Analysis on Booking
Key Booking News
Here are the key news stories impacting Booking this week:
- Positive Sentiment: Q2 earnings and revenue beat expectations: Booking reported adjusted earnings of $2.54 per share versus the $2.43 consensus, while revenue rose 8.1% year over year to $7.35 billion, exceeding estimates of $7.19 billion. Growth in room nights, gross bookings and EBITDA pointed to continued travel demand. Booking Holdings Q2 results top estimates as travel demand remains resilient
- Positive Sentiment: Analysts raised targets and maintained bullish ratings: UBS lifted its target to $274 and kept a Buy rating, while Wedbush raised its target to $247 with an Outperform rating. Benchmark increased its target to $250, and BTIG reaffirmed its Buy rating with a $250 target. Booking Given New Price Target at UBS Group
- Positive Sentiment: Operational initiatives remain supportive: Management highlighted early benefits from artificial-intelligence personalization, higher savings and growth in its connected-trip offerings, which could support efficiency and longer-term expansion. BKNG Q2 Earnings Call Centers on Resilience, AI and Savings
- Neutral Sentiment: Dividend declared: Booking declared a quarterly dividend of $0.42 per share, payable September 30 to shareholders of record September 11. The modest 0.8% yield is supportive of shareholder returns but unlikely to materially affect valuation.
- Neutral Sentiment: Director stock sale: Director Robert J. Mylod Jr. sold 1,000 shares worth $206,700 under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance and leaves him with 15,000 shares, it is not necessarily a bearish signal. SEC Form 4 filing
- Negative Sentiment: Near-term concerns temper the optimism: Third-quarter revenue guidance was viewed as soft, room-night growth is slowing, and marketing expenses are rising faster than revenue. Geopolitical volatility and competition from Google also remain risks, while some commentary warned that the recent rally has left the stock technically overbought. Why Analysts Are Bullish on a Stock That’s Down 20%
Booking Price Performance
NASDAQ BKNG opened at $207.39 on Friday. The company has a fifty day moving average of $178.49 and a two-hundred day moving average of $176.73. The company has a market capitalization of $155.83 billion, a PE ratio of 22.95, a P/E/G ratio of 1.32 and a beta of 1.07. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80.
Booking (NASDAQ:BKNG – Get Free Report) last posted its earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $7.19 billion. During the same quarter in the previous year, the firm earned $55.40 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. On average, research analysts expect that Booking Holdings Inc. will post 10.28 earnings per share for the current year.
Booking Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 annualized dividend and a yield of 0.8%. Booking’s payout ratio is 18.58%.
About Booking
Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.
Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.
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