Skandinaviska Enskilda Banken AB publ Cuts Stock Position in Booking Holdings Inc. $BKNG

by · The Cerbat Gem

Skandinaviska Enskilda Banken AB publ trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 21.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,584 shares of the business services provider’s stock after selling 8,381 shares during the period. Booking comprises 0.8% of Skandinaviska Enskilda Banken AB publ’s investment portfolio, making the stock its 20th largest position. Skandinaviska Enskilda Banken AB publ owned 0.09% of Booking worth $177,009,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BKNG. Y Intercept Hong Kong Ltd raised its position in Booking by 15.6% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 511 shares of the business services provider’s stock worth $2,958,000 after purchasing an additional 69 shares during the period. Vontobel Holding Ltd. grew its stake in shares of Booking by 18.6% during the second quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock valued at $437,284,000 after buying an additional 11,829 shares during the last quarter. Covey Capital Advisors LLC grew its stake in shares of Booking by 1.0% during the second quarter. Covey Capital Advisors LLC now owns 1,117 shares of the business services provider’s stock valued at $6,467,000 after buying an additional 11 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Booking by 12.7% in the second quarter. Atria Investments Inc now owns 2,291 shares of the business services provider’s stock worth $13,262,000 after buying an additional 259 shares during the period. Finally, Vest Financial LLC lifted its stake in shares of Booking by 0.7% in the 2nd quarter. Vest Financial LLC now owns 9,090 shares of the business services provider’s stock valued at $52,624,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Stock Up 0.1%

NASDAQ:BKNG opened at $4,911.85 on Friday. The firm’s fifty day simple moving average is $5,134.32 and its 200 day simple moving average is $5,391.73. The stock has a market cap of $158.33 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG – Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping the consensus estimate of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The business had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same period in the prior year, the business earned $83.39 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders 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 annualized dividend and a yield of 0.8%. Booking’s dividend payout ratio (DPR) is 24.96%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BKNG shares. Sanford C. Bernstein restated a “market perform” rating and set a $5,433.00 target price on shares of Booking in a report on Thursday, October 30th. Bank of America upgraded Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 price objective for the company in a research report on Monday. BNP Paribas set a $6,100.00 target price on shares of Booking in a report on Monday. Truist Financial set a $5,810.00 target price on shares of Booking in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company upped their price target on shares of Booking from $5,443.00 to $5,523.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and a consensus target price of $6,141.52.

Read Our Latest Analysis on Booking

Insider Activity at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $5,030.00, for a total value of $75,450.00. Following the completion of the transaction, the director owned 717 shares in the company, valued at $3,606,510. This trade represents a 2.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert J. Mylod, Jr. sold 40 shares of Booking 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 sale, the director owned 960 shares in the company, valued at $4,800,000. This represents a 4.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,452 shares of company stock valued at $17,987,397. 0.16% of the stock is currently owned by corporate insiders.

About Booking

(Free Report)

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.

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