Tealwood Asset Management Inc. Has $1.98 Million Holdings in Booking Holdings Inc. $BKNG

Tealwood Asset Management Inc. lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 342 shares of the business services provider’s stock after selling 11 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Booking were worth $1,980,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Booking by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock valued at $13,620,154,000 after purchasing an additional 30,054 shares during the last quarter. Northern Trust Corp lifted its stake in 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 last quarter. Deutsche Bank AG lifted its position in shares of Booking by 6.6% in the first quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock valued at $1,365,170,000 after buying an additional 18,268 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Booking by 3.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 222,200 shares of the business services provider’s stock valued at $1,023,655,000 after buying an additional 8,015 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Booking by 19.7% in the first quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider’s stock valued at $983,707,000 after buying an additional 35,171 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the completion of the transaction, the chief executive officer directly owned 24,620 shares in the company, valued at approximately $134,841,031.80. The trade was a 3.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the business’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 transaction of $82,500.00. Following the completion of the transaction, the director owned 747 shares of the company’s stock, valued at $4,108,500. The trade was a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,195 shares of company stock valued at $23,467,630 over the last quarter. 0.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BKNG has been the subject of several research reports. Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Bank of America raised their target price on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Barclays raised their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. B. Riley restated a “buy” rating and set a $6,700.00 price objective (up from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5,808.81.

Booking Stock Down 1.7%

Shares of Booking stock opened at $5,454.81 on Tuesday. Booking Holdings Inc. has a twelve month low of $4,060.98 and a twelve month high of $5,839.41. The company has a 50-day simple moving average of $5,548.99 and a two-hundred day simple moving average of $5,283.80. The stock has a market capitalization of $176.79 billion, a price-to-earnings ratio of 37.94, a price-to-earnings-growth ratio of 1.60 and a beta of 1.39.

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

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking’s 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.