Edgestream Partners L.P. Has $6.73 Million Position in Booking Holdings Inc. $BKNG

Edgestream Partners L.P. lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 39.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,163 shares of the business services provider’s stock after selling 742 shares during the period. Edgestream Partners L.P.’s holdings in Booking were worth $6,733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BKNG. MGB Wealth Management LLC boosted its holdings in Booking by 3.6% during the first quarter. MGB Wealth Management LLC now owns 57 shares of the business services provider’s stock valued at $263,000 after acquiring an additional 2 shares during the period. Mainsail Asset Management LLC lifted its position in shares of Booking by 4.4% during the 1st quarter. Mainsail Asset Management LLC now owns 47 shares of the business services provider’s stock worth $217,000 after purchasing an additional 2 shares during the last quarter. WP Advisors LLC boosted its stake in Booking by 0.3% during the 1st quarter. WP Advisors LLC now owns 638 shares of the business services provider’s stock valued at $2,937,000 after purchasing an additional 2 shares during the period. Aprio Wealth Management LLC grew its holdings in Booking by 2.3% in the 1st quarter. Aprio Wealth Management LLC now owns 88 shares of the business services provider’s stock valued at $406,000 after buying an additional 2 shares during the last quarter. Finally, GSG Advisors LLC grew its holdings in Booking by 4.3% in the 2nd quarter. GSG Advisors LLC now owns 49 shares of the business services provider’s stock valued at $284,000 after buying an additional 2 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Stock Performance

Shares of Booking stock opened at $4,891.81 on Tuesday. The firm has a market cap of $157.68 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. The firm’s 50-day simple moving average is $5,112.37 and its 200-day simple moving average is $5,389.45. 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 announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. The firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BKNG shares. Seaport Global Securities increased their price objective on Booking from $6,030.00 to $6,260.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Mizuho set a $6,000.00 price target on shares of Booking in a report on Wednesday, October 29th. KeyCorp raised their price target on shares of Booking from $6,450.00 to $6,630.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Wedbush raised shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price objective for the company in a research report on Thursday, November 13th. Finally, Robert W. Baird set a $6,325.00 target price on Booking in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6,141.52.

Insider Buying and Selling

In other news, Director Robert J. Mylod, Jr. sold 40 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 value of $200,000.00. Following the sale, the director owned 960 shares in the company, valued at approximately $4,800,000. The trade was a 4.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paulo Pisano sold 200 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the sale, the insider owned 1,514 shares of the company’s stock, valued at $7,570,000. This trade represents a 11.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,452 shares of company stock worth $17,987,397 in the last quarter. Corporate insiders own 0.16% of the company’s stock.

About Booking

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.