Ontario Teachers Pension Plan Board Has $4.01 Million Stock Holdings in Booking Holdings Inc. $BKNG

Ontario Teachers Pension Plan Board raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 31.0% during the second quarter, Holdings Channel reports. The institutional investor owned 693 shares of the business services provider’s stock after buying an additional 164 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Booking were worth $4,012,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BKNG. Y Intercept Hong Kong Ltd increased its holdings in Booking by 15.6% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock worth $2,958,000 after purchasing an additional 69 shares in the last quarter. Vontobel Holding Ltd. boosted its position in shares of Booking by 18.6% during the second quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock valued at $437,284,000 after buying an additional 11,829 shares during the last quarter. Covey Capital Advisors LLC boosted its position in shares of Booking by 1.0% during the second quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock valued at $6,467,000 after buying an additional 11 shares during the last quarter. Atria Investments Inc grew its holdings in Booking by 12.7% during the second quarter. Atria Investments Inc now owns 2,291 shares of the business services provider’s stock worth $13,262,000 after buying an additional 259 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Booking by 20.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock valued at $6,090,000 after buying an additional 175 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Stock Performance

BKNG stock opened at $5,048.01 on Friday. The stock has a fifty day moving average of $5,261.72 and a 200-day moving average of $5,415.29. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The company has a market capitalization of $162.72 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG) last issued its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. The firm had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

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

Insider Buying and Selling at Booking

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the transaction, the director owned 732 shares in the company, valued at $3,873,729.36. This trade represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry Quinlan sold 64 shares of Booking stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the transaction, the director directly owned 131 shares of the company’s stock, valued at $722,045.80. The trade was a 32.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,424 shares of company stock worth $12,912,874. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

BKNG has been the subject of several analyst reports. Barclays increased their target price on shares of Booking from $6,000.00 to $6,250.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Benchmark boosted their price objective on Booking from $6,200.00 to $6,400.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Susquehanna upped their price objective 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 set a $5,810.00 target price on Booking in a research note on Wednesday, October 29th. Finally, DA Davidson increased their price target on shares of Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6,121.23.

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.