Enterprise Financial Services Corp Takes $266,000 Position in Booking Holdings Inc. $BKNG

Enterprise Financial Services Corp purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 46 shares of the business services provider’s stock, valued at approximately $266,000.

Several other hedge funds have also recently added to or reduced their stakes in BKNG. Atwood & Palmer Inc. acquired a new stake in Booking during the 2nd quarter worth $29,000. Westside Investment Management Inc. boosted its position in Booking by 400.0% during the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after acquiring an additional 4 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in Booking during the 1st quarter valued at about $28,000. O Brien Wealth Partners LLC acquired a new stake in Booking in the 2nd quarter valued at about $35,000. Finally, First PREMIER Bank raised its holdings in Booking by 100.0% in the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 3 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Booking Trading Up 4.0%

Shares of NASDAQ:BKNG opened at $4,768.00 on Friday. The company has a market capitalization of $153.69 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The business has a 50-day moving average price of $5,182.84 and a 200 day moving average price of $5,400.37.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter in the prior year, the company posted $83.39 earnings per share. Booking’s revenue for the quarter 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, equities research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s dividend payout ratio (DPR) is 24.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. UBS Group set a $6,806.00 price target on Booking and gave the company a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Booking in a report on Monday, November 17th. Sanford C. Bernstein reiterated a “market perform” rating and set a $5,433.00 price target on shares of Booking in a report on Thursday, October 30th. Piper Sandler reissued a “neutral” rating and issued a $5,750.00 price objective (up previously from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Finally, Cantor Fitzgerald cut their price objective on shares of Booking from $5,590.00 to $5,550.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6,139.21.

Insider Transactions at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $5,030.00, for a total transaction of $75,450.00. Following the transaction, the director owned 717 shares of the company’s stock, valued at approximately $3,606,510. This represents a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Mylod, Jr. sold 40 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total value of $200,000.00. Following the transaction, the director owned 960 shares of the company’s stock, valued at $4,800,000. This trade represents a 4.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,452 shares of company stock worth $17,987,397 in the last ninety days. 0.16% of the stock is owned by company insiders.

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.