Lakewood Asset Management LLC Sells 9 Shares of Booking Holdings Inc. $BKNG

Lakewood Asset Management LLC lessened its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 653 shares of the business services provider’s stock after selling 9 shares during the quarter. Booking makes up 2.5% of Lakewood Asset Management LLC’s holdings, making the stock its 12th largest holding. Lakewood Asset Management LLC’s holdings in Booking were worth $3,780,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BKNG. Pacer Advisors Inc. grew its position in Booking by 1,411.9% in the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider’s stock valued at $516,900,000 after acquiring an additional 104,780 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Booking by 79.4% during the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock worth $695,259,000 after buying an additional 68,243 shares in the last quarter. TD Asset Management Inc grew its position in shares of Booking by 182.2% during the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider’s stock worth $482,081,000 after buying an additional 67,562 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Booking by 27.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider’s stock worth $836,223,000 after buying an additional 39,523 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Booking by 19.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider’s stock worth $983,707,000 after buying an additional 35,171 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BKNG shares. Citigroup increased their price target on Booking from $5,560.00 to $6,500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Susquehanna lifted their target price on Booking from $6,000.00 to $6,500.00 and gave the company a “positive” rating in a research note on Friday, August 1st. Truist Financial increased their price target on Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a research note on Monday, July 14th. Piper Sandler reiterated a “neutral” rating and issued a $5,750.00 price target (up from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, Bank of America increased their price target on Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $5,808.81.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $5,548.00 on Friday. The business’s 50 day moving average price is $5,553.44 and its 200-day moving average price is $5,270.06. The firm has a market capitalization of $179.81 billion, a PE ratio of 38.58, a P/E/G ratio of 1.60 and a beta of 1.39. Booking Holdings Inc. has a 1 year low of $4,060.98 and a 1 year high of $5,839.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping analysts’ consensus estimates of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter in the previous year, the company posted $41.90 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. As a group, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking’s payout ratio is currently 26.71%.

Insider Activity at Booking

In related news, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the sale, the director owned 131 shares in the company, valued at approximately $722,045.80. The trade was a 32.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total value of $82,500.00. Following the transaction, the director directly owned 747 shares of the company’s stock, valued at $4,108,500. The trade was a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,195 shares of company stock worth $23,467,630. 0.16% of the stock is currently owned by company insiders.

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.