HS Management Partners LLC bought a new position in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 59,575 shares of the business services provider’s stock, valued at approximately $10,619,000. Booking accounts for 3.6% of HS Management Partners LLC’s portfolio, making the stock its 16th largest position.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its position in Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after purchasing an additional 65 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Booking in the 4th quarter valued at approximately $209,000. Sivia Capital Partners LLC lifted its holdings in shares of Booking by 25.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock valued at $955,000 after buying an additional 33 shares during the period. Schnieders Capital Management LLC. boosted its stake in shares of Booking by 50.0% in the second quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock valued at $504,000 after buying an additional 29 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Booking in the second quarter valued at approximately $179,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.
Insider Buying and Selling at Booking
In related news, Director Vanessa Ames Wittman sold 1,125 shares of Booking stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the transaction, the director directly owned 16,508 shares in the company, valued at $3,169,536. The trade was a 6.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of Booking stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total value of $4,220,600.00. Following the transaction, the chief financial officer owned 59,794 shares of the company’s stock, valued at $12,618,327.82. This represents a 25.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 140,050 shares of company stock worth $26,341,680. 0.17% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on Booking
Key Booking News
Here are the key news stories impacting Booking this week:
- Positive Sentiment: Booking’s KAYAK brand reported that international airfares for UK travelers during September and October average 26% below peak-season prices. More affordable “shoulder season” travel could support booking volumes and reinforce expectations for resilient demand across Booking’s lodging and travel platforms. KAYAK shoulder season travel research
- Positive Sentiment: Recent analyst commentary remains broadly constructive. Booking has a “Moderate Buy” consensus rating and an average price target of $235.72, while Argus raised its target to $245 and maintained a buy rating. The company also exceeded quarterly earnings and revenue estimates, with revenue rising 8.1% year over year. Booking analyst ratings and stock analysis
- Neutral Sentiment: Booking declared a quarterly dividend of $0.42 per share, equivalent to $1.68 annually and a yield of approximately 0.8%. The payout is modest but signals continued capital returns; it is unlikely to be a major driver for the stock given the company’s growth-oriented valuation. Booking dividend announcement
- Negative Sentiment: Vice President Peter Millones sold 50,050 shares for approximately $10.4 million, reducing his holdings by 11.77%. Director Vanessa Ames Wittman also sold 375 shares for about $79,000. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, which makes them a weaker bearish signal; Millones still retains roughly $77.9 million in BKNG stock. Booking insider share sales
Booking Stock Performance
Booking stock opened at $208.20 on Wednesday. Booking Holdings Inc. has a fifty-two week low of $150.14 and a fifty-two week high of $231.80. The firm has a market capitalization of $156.44 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. The stock’s fifty day moving average is $185.74 and its two-hundred day moving average is $177.06.
Booking (NASDAQ:BKNG – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. The business had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $55.40 EPS. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 10.47 EPS for the current fiscal year.
Booking Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. Booking’s payout ratio is presently 18.58%.
Booking Company Profile
Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.
Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.
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