Grantham Mayo Van Otterloo & Co. LLC Has $4.59 Million Holdings in Booking Holdings Inc. $BKNG

Grantham Mayo Van Otterloo & Co. LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 74.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 792 shares of the business services provider’s stock after purchasing an additional 339 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Booking were worth $4,585,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Groupama Asset Managment lifted its holdings in Booking by 24.8% in the second quarter. Groupama Asset Managment now owns 645 shares of the business services provider’s stock valued at $3,672,000 after buying an additional 128 shares during the period. Elevation Point Wealth Partners LLC grew its holdings in Booking by 1.7% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 426 shares of the business services provider’s stock worth $2,466,000 after acquiring an additional 7 shares during the period. Baltimore Washington Financial Advisors Inc. raised its position in shares of Booking by 7.7% in the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 5,778 shares of the business services provider’s stock worth $33,452,000 after acquiring an additional 415 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Booking by 36.2% in the 2nd quarter. Quadrant Capital Group LLC now owns 723 shares of the business services provider’s stock valued at $4,186,000 after purchasing an additional 192 shares during the period. Finally, Vinva Investment Management Ltd boosted its position in shares of Booking by 30.6% during the 2nd quarter. Vinva Investment Management Ltd now owns 2,687 shares of the business services provider’s stock valued at $15,297,000 after purchasing an additional 629 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 200 shares of Booking stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the transaction, the insider owned 1,514 shares of the company’s stock, valued at $7,570,000. The trade was a 11.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $5,030.00, for a total value of $75,450.00. Following the completion of the sale, the director directly owned 717 shares of the company’s stock, valued at $3,606,510. The trade was a 2.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,452 shares of company stock valued at $17,987,397. Company insiders own 0.16% of the company’s stock.

Booking Trading Up 0.0%

Shares of BKNG stock opened at $4,912.08 on Friday. The firm has a market capitalization of $158.34 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. The firm has a fifty day simple moving average of $5,123.68 and a two-hundred day simple moving average of $5,390.66. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The firm had revenue of $9.01 billion for 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 business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $5,433.00 target price on shares of Booking in a report on Thursday, October 30th. Wells Fargo & Company lifted their price objective on shares of Booking from $5,443.00 to $5,523.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Citigroup reiterated a “market outperform” rating on shares of Booking in a research report on Wednesday, October 29th. Mizuho set a $6,000.00 price target on shares of Booking in a report on Wednesday, October 29th. Finally, UBS Group set a $6,806.00 price target on shares of Booking and gave the company a “buy” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6,141.52.

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.