Lone Pine Capital 13F: Cuts Booking (BKNG) Stake by $9.9M
Lone Pine Capital trimmed its holdings in Booking Holdings Inc. BKNG by 48.1% during the reporting period.
Reviewed by automated data checks against the source filing. How we make and check alerts
Lone Pine Capital sold 55,625 shares from its stake in Booking Holdings Inc. ($BKNG), a 48.06% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 60,125 shares worth $10.72 million at the end of the quarter.
Since the filing, $BKNG is up 4.5% after 1 week, up 13.6% after 1 month and up 6.6% to date (from the $153.37 close on May 15, 2026).
Find the original: Lone Pine Capital 13F filings on SEC EDGAR
BKNG
Booking Holdings Inc.
Key Points
- Lone Pine Capital lowered its holdings in Booking Holdings Inc. BKNG by 55,625 shares during the period, resulting in an ending stake of 60,125 shares valued at about $10.7 million.
- Shares of Booking Holdings Inc. BKNG trade near $178.24, positioned between its 52-week low of $150.14 and high of $225.00.
- Wall Street analysts maintain a consensus buy rating on Booking Holdings Inc. BKNG with a mean price target of $238.78 across 37 opinions.
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Lone Pine Capital Trims Booking Holdings Stake
Lone Pine Capital reduced its investment in Booking Holdings Inc. BKNG during the quarter ended May 15, 2026, according to a Form 13F filing with the SEC. The fund sold 55,625 shares, marking a 48.1% decrease from its prior holding of 115,750 shares. At the end of the period, the fund's remaining stake stood at 60,125 shares with a reported value of about $10.7 million.
Booking Holdings Stock Context
Shares of Booking Holdings Inc. BKNG traded around $178.24, sitting well above their 52-week low of $150.14 while staying below the 52-week high of $225.00. The company operates with a trailing price-to-earnings ratio of 18.7 and a forward P/E of 13.6. Trading activity puts the shares near both their 50-day moving average of $192.78 and their 200-day moving average of $184.78.
Recent Earnings Performance
Booking Holdings Inc. BKNG brought in $28.2 billion in revenue over the trailing period, achieving an 8.1% revenue growth rate. The company reported earnings of $9.00 per share alongside a net margin of 25.5%. Investors look ahead to the next quarterly earnings report scheduled for October 27, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
13 target cuts vs 1 raises.
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EPS & revenue
EPS beat estimates by 3.6%. Revenue missed estimates by 1.7%.
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Profit surprise
EBITDA beat by 20 percent. Operating income beat by 26 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 target raise, 13 target cuts.
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Earnings quality
Operating margin up 0.7 points. Positive free cash flow.
Earnings Call Summary
Booking delivered 338 million room nights in the quarter, up 6 percent year over year, with revenue of 5 point 5 billion, up 16 percent. The Middle East conflict that began late February reduced growth by roughly 2 percentage points and caused elevated cancellations in March. Despite this, U.S. room nights accelerated to low teens growth for the fourth quarter in a row, and the company remains confident in long term travel demand recovery.
Guidance Company expects 2 to 4 percent room night growth next quarter due to Middle East conflict continuing through end of June. For full year 2026, they now guide gross bookings growth to high single digits to low double digits, with adjusted EPS up low to mid teens, both down from prior guidance at midpoint but high end remains intact.
Clearly negative report. The company missed important expectations and likely triggers downward revisions.
Dividend Overview
Booking Holdings Inc. BKNG pays an annual dividend rate of $1.68 per share, giving the stock a dividend yield of 1.0%. The company maintains a dividend payout ratio of 17.9%, returning a portion of its earnings to shareholders.
Wall Street Analyst Views
Wall Street research firms have updated their outlooks on Booking Holdings Inc. BKNG alongside recent price target adjustments. On August 10, 2026, Argus Research maintained its buy rating and raised its target to $245.00 from $210.00. Later, on August 24, 2026, Evercore ISI Group maintained an outperform rating while lifting its target from $245.00 to $270.00. BTIG reiterated a buy rating with a $250.00 target on August 27, 2026, and again on September 24, 2026. Rosenblatt initiated coverage with a buy rating and a $245.00 target on September 1, 2026. Truist Securities maintained a buy rating on September 30, 2026, lowering its target to $216.00 from $242.00. Wells Fargo maintained an equal-weight rating on October 7, 2026, lowering its target to $190.00 from $220.00. Cantor Fitzgerald maintained a neutral rating on October 12, 2026, while lowering its price target to $170.00 from $220.00. Overall, the stock holds a consensus buy recommendation with a mean target price of $238.78.
About Booking Holdings Inc.
Booking Holdings Inc. BKNG operates online travel and restaurant reservation services globally. The enterprise connects consumers with lodging, flights, rental cars, and vacation packages through platforms like Booking.com, Priceline, Agoda, KAYAK, and OpenTable. The Norwalk, Connecticut-based travel service provider facilitates bookings, payment processing, and digital advertising across multiple regions.
Filing Details to Watch
Institutional 13F filings offer a backward-looking snapshot of fund holdings as of the reporting period and may not reflect current positions. Market participants track upcoming filings and the October earnings release for further updates on how major investors manage their stakes in Booking Holdings Inc. BKNG.
Related Filing Alerts
Source: Lone Pine Capital's 13F filing on $BKNG (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Lone Pine Capital 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts