Booking Holdings Inc. $BKNG Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 2,648.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 603,691 shares of the business services provider’s stock after purchasing an additional 581,730 shares during the quarter. NEOS Investment Management LLC owned about 0.08% of Booking worth $107,602,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Booking in the second quarter valued at approximately $11,646,302,000. Deutsche Bank AG purchased a new position in Booking during the 2nd quarter worth approximately $1,691,186,000. Bank of New York Mellon Corp purchased a new position in Booking during the 2nd quarter worth approximately $1,370,455,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Booking by 2,525.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,101,866 shares of the business services provider’s stock valued at $1,087,597,000 after acquiring an additional 5,869,459 shares during the period. Finally, Legal & General Group Plc acquired a new stake in Booking during the 2nd quarter valued at approximately $992,026,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wedbush upped their price objective on shares of Booking from $211.00 to $247.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Truist Financial set a $242.00 target price on shares of Booking in a report on Wednesday, August 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Booking in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $230.00 price target on shares of Booking in a report on Wednesday, August 5th. Finally, Cantor Fitzgerald increased their price target on Booking from $175.00 to $220.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $236.70.

Insider Transactions at Booking

In other Booking news, VP Peter J. Millones sold 50,050 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the completion of the transaction, the vice president directly owned 375,025 shares in the company, valued at approximately $77,851,439.75. This represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Wittman sold 375 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $211.00, for a total transaction of $79,125.00. Following the transaction, the director directly owned 16,133 shares in the company, valued at approximately $3,404,063. The trade was a 2.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 81,550 shares of company stock worth $16,922,744 in the last ninety days. Company insiders own 0.17% of the company’s stock.

More Booking News

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Rosenblatt initiated coverage with a Strong Buy recommendation and reportedly set a $245 price target, indicating substantial potential upside from recent trading levels. The bullish view may support BKNG by highlighting its positioning among online travel companies. Rosenblatt initiates coverage of Booking Holdings
• Positive Sentiment: Booking’s capital-return profile remains attractive. A recent analysis noted that the company’s dividend and share repurchases together produce a total shareholder yield above 7%, which could appeal to value and income-oriented investors. Booking Holdings dividend and buyback analysis
• Positive Sentiment: Fundamentally, the latest quarter included earnings of $2.54 per share versus a $2.43 consensus estimate and revenue of $7.35 billion versus expectations of $7.19 billion. Revenue grew 8.1% year over year, while Booking declared a quarterly dividend of $0.42 per share.
• Neutral Sentiment: Analyst commentary is generally favorable, but the stock’s post-earnings performance indicates that strong results have not yet translated into sustained upward momentum. Investors are likely focused on updated forecasts and the outlook for travel demand.
• Negative Sentiment: Recent insider selling adds a modest negative headline. Director Robert Mylod Jr. sold 1,000 shares for $200,000, following insider Paulo Pisano’s sale of 3,000 shares for approximately $610,440. Both transactions were made under pre-arranged Rule 10b5-1 plans, limiting their value as signals of deteriorating business prospects. Booking Holdings director stock sale

Booking Trading Down 2.2%

Shares of BKNG stock opened at $195.13 on Friday. The company has a market capitalization of $146.62 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.24 and a beta of 1.07. The business’s 50 day moving average is $194.07 and its two-hundred day moving average is $178.29. Booking Holdings Inc. has a 12-month low of $150.14 and a 12-month high of $226.10.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The business had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $55.40 earnings per share. On average, research analysts predict that Booking Holdings Inc. will post 10.48 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.9%. Booking’s dividend payout ratio (DPR) is currently 18.58%.

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.