Booking Holdings Inc. $BKNG Shares Acquired by Investidor Profissional Gestao de Recursos Ltda.

Investidor Profissional Gestao de Recursos Ltda. raised its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 707.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,639 shares of the business services provider’s stock after buying an additional 2,312 shares during the period. Booking accounts for 7.8% of Investidor Profissional Gestao de Recursos Ltda.’s holdings, making the stock its 3rd largest holding. Investidor Profissional Gestao de Recursos Ltda.’s holdings in Booking were worth $15,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Preservation Advisors LLC bought a new position in shares of Booking in the 1st quarter valued at $28,000. Atwood & Palmer Inc. acquired a new position in Booking in the 2nd quarter worth about $29,000. Westside Investment Management Inc. raised its position in Booking by 400.0% in the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares during the last quarter. Keystone Global Partners LLC acquired a new stake in shares of Booking during the first quarter valued at about $32,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of Booking during the second quarter valued at about $35,000. Institutional investors own 92.42% of the company’s stock.

Booking Trading Down 0.4%

Shares of BKNG opened at $4,783.01 on Wednesday. The firm’s fifty day simple moving average is $5,230.63 and its two-hundred day simple moving average is $5,412.46. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41. The stock has a market capitalization of $154.18 billion, a P/E ratio of 31.09, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The company had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same period in the previous year, the business earned $83.39 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts predict 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. Stockholders of record on Friday, December 5th will be paid a $9.60 dividend. The ex-dividend date is Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. Booking’s payout ratio is currently 24.96%.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 200 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the transaction, the insider owned 1,514 shares in the company, valued at $7,570,000. The trade was a 11.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the sale, the chief executive officer owned 23,607 shares of the company’s stock, valued at $130,237,930.44. The trade was a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,424 shares of company stock worth $12,912,874 over the last ninety days. 0.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on BKNG shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $6,000.00 price target (up previously from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Rothschild & Co Redburn boosted their price objective on shares of Booking from $6,250.00 to $6,400.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Seaport Global Securities raised their target price on Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company upped their price target on Booking from $5,443.00 to $5,523.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Booking has a consensus rating of “Moderate Buy” and an average target price of $6,139.21.

Booking Company Profile

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.