BlackRock Amends Booking Holdings Stake, Remains Passive Investor
Ticker: BKNG · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1075531
| Field | Detail |
|---|---|
| Company | Booking Holdings INC. (BKNG) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, form-13g
TL;DR
**BlackRock still owns Booking Holdings stock, but they're not trying to run the show.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership of Booking Holdings Inc. common stock as of December 31, 2023. This filing, Amendment No. 10, indicates BlackRock's continued passive investment in Booking Holdings. This matters to investors because BlackRock is a major institutional investor, and its sustained, albeit passive, stake suggests a long-term confidence in Booking Holdings' business without seeking to influence management.
Why It Matters
This filing confirms BlackRock's ongoing, significant, yet passive, investment in Booking Holdings, signaling its belief in the company's long-term value without seeking control.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate risk or change in company operations.
Analyst Insight
Investors should note that BlackRock's continued passive stake in Booking Holdings suggests a stable, long-term institutional interest, but this filing alone doesn't signal any new catalysts or changes in company direction.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Booking Holdings Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 10)'.
Who is the 'Subject Company' in this filing?
The 'Subject Company' is Booking Holdings Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Booking Holdings Inc.'.
Who is the 'Filed By' entity in this document?
The entity that filed this document is BlackRock Inc., as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
What is the CUSIP Number for the securities reported in this filing?
The CUSIP Number for the Common Stock of Booking Holdings Inc. is 09857L108, as listed under '(CUSIP Number)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding Booking Holdings Inc. (BKNG).