Los Angeles Capital Management LLC Lowers Holdings in Booking Holdings Inc. $BKNG

Los Angeles Capital Management LLC lessened its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,497 shares of the business services provider’s stock after selling 517 shares during the quarter. Booking comprises 1.0% of Los Angeles Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Los Angeles Capital Management LLC’s holdings in Booking were worth $263,393,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pacer Advisors Inc. grew its stake in Booking by 1,411.9% during the first quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider’s stock valued at $516,900,000 after acquiring an additional 104,780 shares in the last quarter. AQR Capital Management LLC grew its holdings in Booking by 79.4% during the 1st 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 in the last quarter. TD Asset Management Inc increased its stake in Booking by 182.2% in the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider’s stock worth $482,081,000 after acquiring an additional 67,562 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Booking by 27.8% in 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 acquiring an additional 39,523 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position 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 valued at $983,707,000 after acquiring an additional 35,171 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Up 0.8%

Shares of Booking stock opened at $4,940.00 on Friday. The stock’s fifty day moving average is $5,311.14 and its two-hundred day moving average is $5,401.89. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The company has a market capitalization of $159.24 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34.

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

Booking Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. BTIG Research restated a “buy” rating and issued a $6,250.00 price target on shares of Booking in a research report on Wednesday, October 29th. KeyCorp boosted their target price on shares of Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Rothschild & Co Redburn upped their target price on shares of Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Piper Sandler reiterated a “neutral” rating and issued a $5,750.00 price target (up previously from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Seaport Global Securities boosted their price objective on Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average target price of $6,121.23.

Insider Activity at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 131 shares of the company’s stock, valued at approximately $722,045.80. This trade represents a 32.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 625 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the completion of the sale, the chief executive officer directly owned 22,982 shares of the company’s stock, valued at $118,162,642.46. The trade was a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,197 shares of company stock worth $17,260,963. Company insiders own 0.16% of the company’s stock.

Booking Company 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.