Investidor Profissional Gestao de Recursos Ltda. Purchases 2,312 Shares of Booking Holdings Inc. $BKNG

Investidor Profissional Gestao de Recursos Ltda. grew its position in Booking Holdings Inc. (NASDAQ:BKNG) by 707.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,639 shares of the business services provider’s stock after acquiring an additional 2,312 shares during the period. Booking comprises about 7.8% of Investidor Profissional Gestao de Recursos Ltda.’s portfolio, making the stock its 3rd largest holding. Investidor Profissional Gestao de Recursos Ltda.’s holdings in Booking were worth $15,278,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. raised its stake in Booking by 1,411.9% in the first quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider’s stock valued at $516,900,000 after buying an additional 104,780 shares during the period. Symphony Financial Ltd. Co. acquired a new position in shares of Booking during the 2nd quarter worth approximately $536,675,000. AQR Capital Management LLC raised its stake in Booking by 79.4% in the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock valued at $695,259,000 after acquiring an additional 68,243 shares during the period. TD Asset Management Inc lifted its holdings in Booking by 182.2% during the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider’s stock valued at $482,081,000 after purchasing an additional 67,562 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Booking by 27.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider’s stock worth $836,223,000 after purchasing an additional 39,523 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Trading Down 0.4%

Shares of BKNG stock opened at $4,783.01 on Wednesday. The stock has a market cap 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 Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The stock has a 50 day simple moving average of $5,230.63 and a 200 day simple moving average of $5,412.46.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data 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 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%.The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be given a dividend of $9.60 per share. 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 dividend payout ratio is currently 24.96%.

Insider Activity

In other Booking news, 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 directly owned 960 shares of the company’s stock, valued at $4,800,000. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 625 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the sale, the chief executive officer directly owned 22,982 shares of the company’s stock, valued at approximately $118,162,642.46. This trade represents a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 2,424 shares of company stock valued at $12,912,874. Company insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BKNG. Sanford C. Bernstein reissued a “market perform” rating and issued a $5,433.00 price objective on shares of Booking in a research report on Thursday, October 30th. Cantor Fitzgerald lowered their price target on shares of Booking from $5,590.00 to $5,550.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Bank of America upped their target price on Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Citigroup reissued a “market outperform” rating on shares of Booking in a 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6,139.21.

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.