Booking Holdings Inc. $BKNG Shares Sold by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158 shares of the business services provider’s stock after selling 14 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Booking were worth $915,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC grew its stake in Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after buying an additional 65 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Booking in the fourth quarter valued at $209,000. IFP Advisors Inc lifted its stake in Booking by 11.0% in the first quarter. IFP Advisors Inc now owns 81 shares of the business services provider’s stock valued at $372,000 after buying an additional 8 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Booking by 149.4% during the first quarter. J.W. Cole Advisors Inc. now owns 202 shares of the business services provider’s stock valued at $932,000 after acquiring an additional 121 shares during the period. Finally, Wealth Alliance LLC bought a new position in shares of Booking during the first quarter worth about $214,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

Booking stock opened at $4,690.77 on Thursday. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The stock has a market capitalization of $151.20 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. The firm has a 50 day simple moving average of $5,214.95 and a 200-day simple moving average of $5,407.41.

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

Booking Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BKNG. BTIG Research reiterated a “buy” rating and issued a $6,250.00 price objective on shares of Booking in a research report on Wednesday, October 29th. Bank of America raised their price target on shares of Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Royal Bank Of Canada lifted their price target on Booking from $5,900.00 to $6,100.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Morgan Stanley set a $6,150.00 price objective on Booking in a report on Wednesday, October 29th. Finally, Rothschild & Co Redburn raised their target price on Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $6,139.21.

Insider Transactions at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the sale, the director directly owned 131 shares in the company, valued at approximately $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the sale, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at $130,237,930.44. The trade was a 4.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,452 shares of company stock valued at $17,987,397 in the last three months. 0.16% of the stock is currently owned by insiders.

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.