CTC 13F: New $18M Stake in Booking (BKNG)
The fund added 110,200 shares of the travel giant, joining a wave of institutional buyers.
Reviewed by automated data checks against the source filing. How we make and check alerts
CTC opened a new position of 110,200 shares in Booking Holdings Inc. ($BKNG), according to a 13F filing with the SEC dated May 21, 2026. It reported 110,200 shares worth $18.03 million at the end of the quarter.
Since the filing, $BKNG is up 6.3% after 1 week, up 5.3% after 1 month and up 2.9% to date (from the $158.90 close on May 21, 2026).
BKNG
Booking Holdings Inc.
Key Points
- CTC initiated a brand-new position in Booking Holdings Inc., purchasing 110,200 shares with a reported value of about $18.03 million.
- The stock is currently trading at $163.59, which is near the lower end of its 52-week range of $150.14 to $224.99.
- Wall Street maintains a positive outlook on the company, with analysts from firms like BTIG and Evercore ISI Group setting price targets as high as $301.00.
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CTC recently revealed it has taken a new stake in Booking Holdings Inc. (BKNG), according to its latest Form 13F filing with the SEC. The fund purchased 110,200 shares of the travel reservation leader during the reporting period ending May 21, 2026. This new position was valued at roughly $18.03 million at the time of the report.
CTC Enters the Travel Sector
This move by CTC is a brand-new addition to its portfolio, as it held no shares of the company previously. The purchase of 110,200 shares suggests a strategic entry into the travel services industry. Because 13F filings are disclosed after the quarter ends, these figures show the fund's holdings as of May 21, 2026, and may not reflect where the fund stands today.
Booking Holdings Stock Performance
On Friday, shares of Booking Holdings were trading at $163.59. This price point puts the stock in the lower half of its performance over the last year. The stock has traded as low as $150.14 and as high as $224.99 during that time. With a forward P/E ratio of 13.62, the stock is priced lower relative to its expected future earnings than its current trailing P/E of 18.72.
Recent Earnings
In its latest financial reports, Booking Holdings showed revenue of $28.24 billion, which represents an 8.1% increase in growth. The company is quite profitable, with a net margin of 25.53% and a return on equity of 9.0%. Investors are looking toward October 27, 2026, when the company is scheduled to release its next set of quarterly results.
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 Distribution
Booking Holdings pays an annual dividend of $1.68 per share, which gives the stock a yield of 1.0%. The company uses about 17.86% of its profits to cover these payments to shareholders, leaving plenty of room for reinvestment in the business or further dividend increases.
Analysts Set New Price Targets
Several Wall Street firms have updated their outlook on the stock recently. On September 24, 2026, BTIG reiterated its Buy rating with a $250.00 price target. Earlier in the month, on September 1, Rosenblatt initiated coverage with a Buy rating and a $245.00 target. Not all analysts are as aggressive; Cantor Fitzgerald maintained a Neutral rating on October 12, 2026, and lowered its target to $170.00. Overall, the consensus among 37 analysts is a Buy, with an average price target of $238.78.
About Booking Holdings
Booking Holdings runs some of the biggest names in travel. The company operates Booking.com, Priceline, and Agoda for hotel and flight bookings, along with Kayak for price comparisons and OpenTable for restaurant reservations. This move by CTC follows a trend of institutional interest we have tracked previously, including large stake increases by Bank of Montreal and Voya Investment Management earlier this year.
Looking Forward
The next big milestone for the company will be its earnings report in late October. While 13F filings like this one from CTC give us a look at what big money was doing a few months ago, the upcoming financial results will provide the most current picture of how the travel market is faring.
Related Filing Alerts
Source: CTC's 13F filing on $BKNG (May 21, 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: CTC 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts