Booking Holdings Inc. $BKNG Stock Position Lifted by Fisher Asset Management LLC

Fisher Asset Management LLC grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 38.5% in the second quarter, Holdings Channel.com reports. The fund owned 23,647 shares of the business services provider’s stock after buying an additional 6,579 shares during the period. Fisher Asset Management LLC’s holdings in Booking were worth $136,900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Booking in the second quarter worth $2,210,917,000. Laurel Wealth Advisors LLC boosted its holdings in shares of Booking by 578,824.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock valued at $1,675,765,000 after buying an additional 289,412 shares during the period. Vestor Capital LLC grew its position in shares of Booking by 658,925.0% during the 2nd quarter. Vestor Capital LLC now owns 105,444 shares of the business services provider’s stock valued at $610,441,000 after buying an additional 105,428 shares during the last quarter. Symphony Financial Ltd. Co. acquired a new stake in Booking during the second quarter worth about $536,675,000. Finally, AQR Capital Management LLC lifted its holdings in Booking by 79.4% in the first quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock worth $695,259,000 after acquiring an additional 68,243 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction on Monday, November 17th. The stock was 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 owned 717 shares in the company, valued at $3,606,510. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert J. Mylod, Jr. sold 40 shares of Booking stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $200,000.00. Following the transaction, the director directly owned 960 shares in the company, valued at approximately $4,800,000. The trade was a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 3,452 shares of company stock valued at $17,987,397. 0.16% of the stock is currently owned by company insiders.

Booking Stock Down 0.5%

BKNG stock opened at $4,891.81 on Tuesday. The company has a 50-day simple moving average of $5,112.37 and a 200 day simple moving average of $5,389.45. The company has a market capitalization of $157.68 billion, a P/E ratio of 31.79, a PEG ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41.

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

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be given 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 dividend payout ratio is 24.96%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Truist Financial set a $5,810.00 price objective on Booking in a research note on Wednesday, October 29th. The Goldman Sachs Group raised their target price on Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Rothschild & Co Redburn upped their price target on shares of Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $6,141.52.

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.