State of Alaska Department of Revenue Sells 215 Shares of Booking Holdings Inc. $BKNG

State of Alaska Department of Revenue decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,661 shares of the business services provider’s stock after selling 215 shares during the quarter. State of Alaska Department of Revenue’s holdings in Booking were worth $21,194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in Booking by 521,609.7% during the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider’s stock worth $10,887,718,000 after acquiring an additional 2,362,892 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Booking by 1,411.9% during the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider’s stock worth $516,900,000 after acquiring an additional 104,780 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Booking by 79.4% during the first quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock worth $695,259,000 after purchasing an additional 68,243 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Booking by 182.2% during the first quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider’s stock worth $482,081,000 after purchasing an additional 67,562 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Booking by 27.8% during the first 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 in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on BKNG. Royal Bank Of Canada boosted 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. BTIG Research reissued a “buy” rating and issued a $6,250.00 target price on shares of Booking in a research note on Thursday, September 4th. Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. UBS Group raised their price target on Booking from $5,750.00 to $6,300.00 and gave the company a “buy” rating in a report on Monday, July 28th. Finally, Wells Fargo & Company raised their price target on Booking from $5,411.00 to $5,418.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5,808.81.

Insider Activity

In related news, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the transaction, the director owned 131 shares in the company, valued at approximately $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 1,013 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 23,607 shares of the company’s stock, valued at approximately $130,237,930.44. This represents a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,195 shares of company stock valued at $23,467,630 in the last ninety days. 0.16% of the stock is owned by insiders.

Booking Stock Down 0.5%

NASDAQ:BKNG opened at $5,548.00 on Friday. Booking Holdings Inc. has a 12-month low of $4,060.98 and a 12-month high of $5,839.41. The firm has a market capitalization of $179.81 billion, a P/E ratio of 38.58, a P/E/G ratio of 1.61 and a beta of 1.39. The stock’s fifty day simple moving average is $5,553.44 and its 200-day simple moving average is $5,264.07.

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, beating 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 for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter in the prior year, the firm posted $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. As a group, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $9.60 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s dividend 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.