Norden Group LLC Increases Stock Holdings in Booking Holdings Inc. $BKNG

Norden Group LLC increased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 16.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310 shares of the business services provider’s stock after acquiring an additional 43 shares during the quarter. Norden Group LLC’s holdings in Booking were worth $1,795,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC lifted its stake in Booking by 27.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider’s stock worth $844,000 after acquiring an additional 39 shares during the period. International Assets Investment Management LLC purchased a new stake in Booking in the first quarter worth $203,000. United Services Automobile Association purchased a new stake in Booking in the first quarter worth $3,592,000. Perigon Wealth Management LLC lifted its stake in Booking by 9.4% in the first quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider’s stock worth $1,281,000 after acquiring an additional 24 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Booking by 13.2% in the first quarter. GAMMA Investing LLC now owns 513 shares of the business services provider’s stock worth $2,363,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the transaction, the chief executive officer owned 24,620 shares in the company, valued at $134,841,031.80. This represents a 3.95% decrease in their position. The sale was disclosed in a document filed 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 that occurred on Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the completion of the transaction, the director owned 747 shares in the company, valued at $4,108,500. This trade represents a 1.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,195 shares of company stock worth $23,467,630 in the last quarter. Company insiders own 0.16% of the company’s stock.

Booking Stock Performance

NASDAQ BKNG opened at $5,509.02 on Wednesday. Booking Holdings Inc. has a one year low of $4,060.98 and a one year high of $5,839.41. The stock has a 50-day moving average of $5,561.35 and a 200 day moving average of $5,246.14. The company has a market capitalization of $178.55 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 1.57 and a beta of 1.39.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.54 billion. During the same period last year, the company earned $41.90 EPS. Booking’s revenue for the quarter was up 16.0% on a year-over-year basis. Booking has set its Q3 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid 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 dividend payout ratio is 26.71%.

Analysts Set New Price Targets

A number of research firms have issued reports on BKNG. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. DA Davidson increased their price objective on Booking from $5,750.00 to $6,500.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Wells Fargo & Company increased their price objective on Booking from $5,411.00 to $5,418.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. BTIG Research reiterated a “buy” rating and issued a $6,250.00 price objective on shares of Booking in a report on Thursday, September 4th. Finally, Bank of America increased their price objective on Booking from $5,820.00 to $5,850.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5,808.81.

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.