Booking Holdings Inc. $BKNG is Evelyn Partners Investment Management Europe Ltd’s 10th Largest Position

Evelyn Partners Investment Management Europe Ltd cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 89.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 412 shares of the business services provider’s stock after selling 3,684 shares during the quarter. Booking comprises approximately 2.6% of Evelyn Partners Investment Management Europe Ltd’s investment portfolio, making the stock its 10th biggest holding. Evelyn Partners Investment Management Europe Ltd’s holdings in Booking were worth $2,247,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Booking by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock worth $13,620,154,000 after purchasing an additional 30,054 shares during the last quarter. Geode Capital Management LLC lifted its stake in Booking by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider’s stock valued at $4,936,132,000 after acquiring an additional 9,333 shares during the period. Northern Trust Corp boosted its holdings in shares of Booking by 0.5% in the 1st quarter. Northern Trust Corp now owns 370,327 shares of the business services provider’s stock valued at $1,706,063,000 after acquiring an additional 1,699 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Booking by 6.6% in the 1st quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock valued at $1,365,170,000 after acquiring an additional 18,268 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Booking by 9.5% during the second quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock valued at $1,297,331,000 after acquiring an additional 19,578 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Up 4.0%

NASDAQ:BKNG opened at $4,768.00 on Friday. The firm has a 50-day moving average price of $5,182.84 and a two-hundred day moving average price of $5,398.75. The company has a market capitalization of $153.69 billion, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its earnings results 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. The firm had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.Booking’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s dividend payout ratio is currently 24.96%.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 400 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $5,007.69, for a total value of $2,003,076.00. Following the sale, the chief executive officer directly owned 21,751 shares of the company’s stock, valued at approximately $108,922,265.19. This trade represents a 1.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Mylod, Jr. sold 40 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the transaction, the director directly owned 960 shares of the company’s stock, valued at approximately $4,800,000. This represents a 4.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,452 shares of company stock worth $17,987,397 over the last ninety days. Company insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BKNG shares. Benchmark increased their target price on Booking from $6,200.00 to $6,400.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Mizuho set a $6,000.00 price objective on Booking in a research note on Wednesday, October 29th. Rothschild & Co Redburn raised their price target on shares of Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. DA Davidson lifted their price target on shares of Booking from $6,500.00 to $6,600.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Susquehanna lifted their price target on Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.