GEM Asset Management LLC Makes New Investment in Booking Holdings Inc. $BKNG

GEM Asset Management LLC purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 42 shares of the business services provider’s stock, valued at approximately $244,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Booking by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock worth $13,620,154,000 after buying an additional 30,054 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Booking by 521,609.7% in the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider’s stock valued at $10,887,718,000 after purchasing an additional 2,362,892 shares during the last quarter. Northern Trust Corp grew its position in shares of Booking by 0.5% in the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock valued at $1,706,063,000 after purchasing an additional 1,699 shares during the last quarter. Deutsche Bank AG grew its position in shares of Booking by 6.6% in the first quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock valued at $1,365,170,000 after purchasing an additional 18,268 shares during the last quarter. 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. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the completion of the sale, the chief executive officer directly owned 24,620 shares in the company, valued at $134,841,031.80. This represents a 3.95% 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 8th. The stock was sold at an average price of $5,587.11, for a total value of $357,575.04. Following the sale, the director owned 195 shares of the company’s stock, valued at $1,089,486.45. The trade was a 24.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,103 shares of company stock valued at $17,443,735 over the last 90 days. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on BKNG. Piper Sandler reaffirmed 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. Barclays upped their target price 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. Evercore ISI upped their target price on Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Finally, UBS Group boosted their price target on Booking from $5,750.00 to $6,300.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus price target of $5,808.81.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $5,559.83 on Tuesday. The business’s 50 day simple moving average is $5,588.88 and its 200 day simple moving average is $5,221.64. Booking Holdings Inc. has a 1 year low of $3,930.00 and a 1 year high of $5,839.41. The company has a market capitalization of $180.19 billion, a P/E ratio of 38.67, a P/E/G ratio of 1.57 and a beta of 1.39.

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

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $9.60 per share. The ex-dividend date is Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking’s dividend payout ratio is presently 26.71%.

Booking Company 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.