Booking Holdings Inc. $BKNG Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,117 shares of the business services provider’s stock after selling 52 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Booking worth $151,198,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Booking by 1.0% during 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 in the last quarter. Northern Trust Corp lifted its stake in Booking by 0.5% during the first 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 boosted its holdings in Booking by 6.6% during the first quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock worth $1,365,170,000 after buying an additional 18,268 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Booking by 9.5% during the second quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock worth $1,297,331,000 after buying an additional 19,578 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in 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 worth $1,023,655,000 after buying an additional 8,015 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BKNG shares. BTIG Research reiterated a “buy” rating and set a $6,250.00 price objective on shares of Booking in a research report on Wednesday, October 29th. Barclays upped their target price on Booking from $6,000.00 to $6,250.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Citigroup reiterated a “market outperform” rating on shares of Booking in a research report on Wednesday, October 29th. BMO Capital Markets restated an “outperform” rating and set a $6,000.00 price objective (up previously from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Finally, Hsbc Global Res raised shares of Booking to a “strong-buy” rating in a research note on Thursday, July 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6,121.23.

Booking Trading Up 1.9%

NASDAQ:BKNG opened at $5,050.65 on Wednesday. The business’s fifty day moving average price is $5,289.23 and its 200 day moving average price is $5,414.69. The firm has a market capitalization of $162.80 billion, a price-to-earnings ratio of 32.83, 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 announced its quarterly earnings data 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. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The firm had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same period last year, the company posted $83.39 EPS. The business’s quarterly revenue 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. Equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

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

Insider Transactions at Booking

In other Booking news, Director Robert J. Mylod, Jr. sold 40 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $200,000.00. Following the completion of the sale, the director owned 960 shares in the company, valued at $4,800,000. This represents a 4.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the transaction, the director owned 732 shares in the company, valued at approximately $3,873,729.36. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,437 shares of company stock worth $18,460,963. 0.16% of the stock is owned by company 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.