Booking Holdings Inc. $BKNG Shares Purchased by Martingale Asset Management L P

Martingale Asset Management L P grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 219.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 732 shares of the business services provider’s stock after buying an additional 503 shares during the period. Martingale Asset Management L P’s holdings in Booking were worth $3,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BKNG. Keystone Global Partners LLC bought a new position in Booking in the 1st quarter worth approximately $32,000. Kapitalo Investimentos Ltda acquired a new position in Booking during the 4th quarter worth $40,000. Alpine Bank Wealth Management acquired a new position in Booking during the 1st quarter worth $41,000. North Capital Inc. bought a new position in shares of Booking in the first quarter worth $46,000. Finally, Mechanics Financial Corp bought a new position in shares of Booking in the first quarter worth $46,000. Institutional investors own 92.42% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BKNG. Wedbush restated a “neutral” rating and set a $5,900.00 price objective on shares of Booking in a research note on Wednesday, July 30th. B. Riley reiterated a “buy” rating and issued a $6,700.00 target price (up previously from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Piper Sandler restated a “neutral” rating and set a $5,750.00 price target (up from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Benchmark reaffirmed a “buy” rating and issued a $6,200.00 price target (up from $6,000.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, Evercore ISI increased their price objective on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Three investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5,781.04.

Booking Trading Up 1.3%

Shares of NASDAQ BKNG opened at $5,710.74 on Friday. Booking Holdings Inc. has a twelve month low of $3,700.97 and a twelve month high of $5,839.41. The company has a market capitalization of $185.09 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 1.63 and a beta of 1.41. The firm has a 50-day moving average of $5,569.06 and a two-hundred day moving average of $5,145.30.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.54 billion. During the same quarter in the previous year, the company posted $41.90 EPS. The business’s revenue was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. As a group, research analysts predict 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. Shareholders of record on Friday, September 5th will be issued a $9.60 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s dividend payout ratio is currently 26.71%.

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the completion of the sale, the chief executive officer owned 24,620 shares in the company, valued at approximately $134,841,031.80. This represents a 3.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 4,052 shares of company stock worth $22,511,858. 0.16% of the stock is currently owned by corporate insiders.

Booking 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.