Generali Investments Management Co LLC Buys New Shares in Booking Holdings Inc. $BKNG

Generali Investments Management Co LLC bought a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 74 shares of the business services provider’s stock, valued at approximately $428,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Booking by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock worth $13,620,154,000 after acquiring an additional 30,054 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Booking by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider’s stock valued at $4,936,132,000 after purchasing an additional 9,333 shares during the period. Northern Trust Corp boosted its position in shares of Booking by 0.5% in the 1st quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock valued at $1,706,063,000 after purchasing an additional 1,699 shares during the period. Deutsche Bank AG increased its stake in Booking by 6.6% in the 1st quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock worth $1,365,170,000 after purchasing an additional 18,268 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Booking by 9.5% during the 2nd quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock worth $1,297,331,000 after buying an additional 19,578 shares during the period. Institutional investors own 92.42% of the company’s stock.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 625 shares of Booking stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the completion of the sale, the chief executive officer owned 22,982 shares of the company’s stock, valued at approximately $118,162,642.46. The trade was a 2.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Mylod, Jr. sold 40 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the completion of the sale, the director owned 960 shares of the company’s stock, valued at $4,800,000. This represents a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 2,424 shares of company stock valued at $12,912,874. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on BKNG shares. Evercore ISI raised 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. BMO Capital Markets reaffirmed an “outperform” rating and issued a $6,000.00 price objective (up previously from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Wells Fargo & Company boosted their target price on shares of Booking from $5,443.00 to $5,523.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft increased their target price on Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Finally, Mizuho set a $6,000.00 price target on Booking in a report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $6,121.23.

Booking Trading Down 0.5%

Shares of NASDAQ:BKNG opened at $5,048.01 on Friday. The firm has a market cap of $162.72 billion, a price-to-earnings ratio of 32.81, a P/E/G ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The business has a fifty day simple moving average of $5,261.72 and a 200 day simple moving average of $5,415.29.

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

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s dividend payout ratio (DPR) is presently 24.96%.

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.