Booking Holdings Inc. $BKNG Shares Bought by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.0% during the second quarter, HoldingsChannel reports. The firm owned 231 shares of the business services provider’s stock after buying an additional 19 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Booking were worth $1,339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Booking by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock worth $13,620,154,000 after purchasing an additional 30,054 shares in the last quarter. Northern Trust Corp increased its position in shares of Booking by 0.5% during the first quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock worth $1,706,063,000 after acquiring an additional 1,699 shares during the last quarter. Deutsche Bank AG increased its position in shares of Booking by 6.6% during the first quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock worth $1,365,170,000 after acquiring an additional 18,268 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Booking by 3.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider’s stock worth $1,023,655,000 after acquiring an additional 8,015 shares during the last quarter. Finally, Ninety One UK Ltd increased its position in shares of Booking by 1.1% during the second quarter. Ninety One UK Ltd now owns 218,016 shares of the business services provider’s stock worth $1,262,147,000 after acquiring an additional 2,418 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of analyst reports. Truist Financial lifted their target price on Booking from $4,720.00 to $5,630.00 and gave the stock a “hold” rating in a research report on Monday, July 14th. Hsbc Global Res raised Booking to a “strong-buy” rating in a research report on Thursday, July 17th. B. Riley reaffirmed a “buy” rating and set a $6,700.00 target price (up from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Piper Sandler reaffirmed a “neutral” rating and set a $5,750.00 target price (up from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Bank of America lifted their target price on Booking from $5,820.00 to $5,850.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $5,808.81.

Insider Activity

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 24,620 shares of the company’s stock, valued at approximately $134,841,031.80. This represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 747 shares of the company’s stock, valued at $4,108,500. This trade represents a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,195 shares of company stock valued at $23,467,630. 0.16% of the stock is currently owned by insiders.

Booking Stock Down 0.5%

Shares of Booking stock opened at $5,164.93 on Friday. The firm has a market cap of $167.40 billion, a P/E ratio of 35.92, a P/E/G ratio of 1.61 and a beta of 1.35. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41. The business has a 50-day moving average price of $5,492.50 and a 200 day moving average price of $5,317.27.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating the consensus estimate of $50.32 by $5.08. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.Booking’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $9.60 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s dividend payout ratio is 26.71%.

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.