Mather Group LLC. Trims Stock Holdings in Booking Holdings Inc. $BKNG

Mather Group LLC. lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 202 shares of the business services provider’s stock after selling 17 shares during the quarter. Mather Group LLC.’s holdings in Booking were worth $1,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKNG. GAMMA Investing LLC boosted its stake in Booking by 521,609.7% during the first quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider’s stock worth $10,887,718,000 after acquiring an additional 2,362,892 shares in the last quarter. Pacer Advisors Inc. increased its position in Booking by 1,411.9% during the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider’s stock valued at $516,900,000 after buying an additional 104,780 shares in the last quarter. AQR Capital Management LLC raised its stake in Booking by 79.4% during the first quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock valued at $695,259,000 after buying an additional 68,243 shares during the last quarter. TD Asset Management Inc raised its stake in Booking by 182.2% during the first quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider’s stock valued at $482,081,000 after buying an additional 67,562 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Booking by 27.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider’s stock worth $836,223,000 after acquiring an additional 39,523 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was 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 directly owned 24,620 shares of the company’s stock, valued at approximately $134,841,031.80. This trade represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,500.00, for a total value of $82,500.00. Following the sale, the director owned 747 shares of the company’s stock, valued at approximately $4,108,500. This represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,195 shares of company stock valued at $23,467,630. 0.16% of the stock is owned by company insiders.

Analyst Ratings Changes

BKNG has been the subject of several analyst reports. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. 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. Evercore ISI lifted their target price on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Bank of America increased their price target on shares of Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Wells Fargo & Company raised their price target on shares of Booking from $5,411.00 to $5,418.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $5,808.81.

Booking Stock Up 0.3%

BKNG opened at $5,525.60 on Thursday. The firm has a 50 day moving average price of $5,558.70 and a 200-day moving average price of $5,248.07. Booking Holdings Inc. has a twelve month low of $4,060.98 and a twelve month high of $5,839.41. The stock has a market capitalization of $179.08 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 1.59 and a beta of 1.39.

Booking (NASDAQ:BKNG) last issued its earnings results 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 last year, the company posted $41.90 earnings per share. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. As a group, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, September 5th. Booking’s dividend payout ratio is 26.71%.

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.