Booking Holdings Inc. $BKNG Shares Sold by Tabor Asset Management LP

Tabor Asset Management LP decreased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 37.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 924 shares of the business services provider’s stock after selling 563 shares during the period. Booking makes up approximately 3.7% of Tabor Asset Management LP’s investment portfolio, making the stock its 9th largest holding. Tabor Asset Management LP’s holdings in Booking were worth $5,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its holdings in shares of Booking by 1,411.9% in 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 during the period. AQR Capital Management LLC lifted its holdings in Booking by 79.4% in 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 acquiring an additional 68,243 shares during the period. TD Asset Management Inc lifted its holdings in Booking by 182.2% in 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 acquiring an additional 67,562 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Booking by 27.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider’s stock worth $836,223,000 after purchasing an additional 39,523 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Booking by 19.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider’s stock worth $983,707,000 after purchasing an additional 35,171 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of research analyst reports. UBS Group set a $6,806.00 price objective on shares of Booking and gave the stock a “buy” rating in a report on Wednesday, October 29th. Wedbush set a $6,000.00 price target on Booking and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Barclays upped their price target on Booking from $6,000.00 to $6,250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Royal Bank Of Canada lifted their price objective on Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group upped their target price on Booking from $5,640.00 to $6,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $6,121.23.

Booking Stock Performance

BKNG stock opened at $4,940.00 on Friday. The stock’s 50 day moving average price is $5,311.14 and its 200 day moving average price is $5,401.89. The firm has a market cap of $159.24 billion, a P/E ratio of 32.11, a PEG 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.

Booking (NASDAQ:BKNG) last released its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the previous year, the firm posted $83.39 earnings per share. The business’s revenue for the quarter 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, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s dividend payout ratio is 24.96%.

Insiders Place Their Bets

In related news, Director Larry Quinlan sold 64 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the sale, the director owned 131 shares in the company, valued at approximately $722,045.80. This trade represents 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, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the completion of the sale, the director directly owned 732 shares of the company’s stock, valued at $3,873,729.36. The trade was a 2.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,197 shares of company stock valued at $17,260,963 in the last ninety days. Insiders own 0.16% of the company’s stock.

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.