Allspring Global Investments Holdings LLC Buys 2,563 Shares of Booking Holdings Inc. $BKNG

Allspring Global Investments Holdings LLC increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 39,692 shares of the business services provider’s stock after acquiring an additional 2,563 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Booking were worth $227,464,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Clarendon Private LLC raised its stake in Booking by 13.9% in the 2nd quarter. Clarendon Private LLC now owns 237 shares of the business services provider’s stock worth $1,372,000 after purchasing an additional 29 shares in the last quarter. CCG Wealth Management LLC raised its stake in Booking by 7.1% in the 2nd quarter. CCG Wealth Management LLC now owns 106 shares of the business services provider’s stock worth $614,000 after purchasing an additional 7 shares in the last quarter. CWM LLC raised its stake in Booking by 5.7% in the 2nd quarter. CWM LLC now owns 3,469 shares of the business services provider’s stock worth $20,082,000 after purchasing an additional 186 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Booking by 22.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,118 shares of the business services provider’s stock worth $29,639,000 after purchasing an additional 929 shares in the last quarter. Finally, Muirfield Wealth Advisors LLC acquired a new stake in Booking in the 2nd quarter worth about $234,000. Institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the subject of several analyst reports. Wells Fargo & Company lifted their price objective on shares of Booking from $5,418.00 to $5,443.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Citigroup lifted their price objective on shares of Booking from $5,560.00 to $6,500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Booking in a research note on Saturday, September 27th. UBS Group lifted their price objective on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Finally, Hsbc Global Res upgraded shares of Booking to a “strong-buy” rating in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5,808.81.

Booking Trading Down 0.5%

Shares of NASDAQ:BKNG opened at $5,164.93 on Monday. The firm has a 50 day moving average of $5,492.50 and a 200-day moving average of $5,325.09. The stock has a market capitalization of $167.40 billion, a PE ratio of 35.92, a PEG ratio of 1.60 and a beta of 1.35. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41.

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

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a dividend of $9.60 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s payout ratio is 26.71%.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Larry Quinlan sold 64 shares of Booking 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 directly owned 131 shares in the company, valued at $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,195 shares of company stock valued at $23,467,630. 0.16% of the stock is owned by insiders.

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.