Booking Holdings Inc. $BKNG Position Lifted by Evelyn Partners Investment Management LLP

Evelyn Partners Investment Management LLP grew its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 444.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,745 shares of the business services provider’s stock after acquiring an additional 4,690 shares during the period. Booking comprises approximately 1.5% of Evelyn Partners Investment Management LLP’s holdings, making the stock its 14th biggest position. Evelyn Partners Investment Management LLP’s holdings in Booking were worth $33,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Sheaff Brock Investment Advisors LLC increased its holdings in Booking by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,854,000 after buying an additional 2 shares during the last quarter. Nicolet Advisory Services LLC lifted its holdings in Booking by 0.8% during the 1st quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider’s stock worth $1,070,000 after buying an additional 2 shares during the last quarter. MGB Wealth Management LLC grew its position in shares of Booking by 3.6% in the 1st quarter. MGB Wealth Management LLC now owns 57 shares of the business services provider’s stock worth $263,000 after acquiring an additional 2 shares in the last quarter. Mainsail Asset Management LLC increased its holdings in shares of Booking by 4.4% in the 1st quarter. Mainsail Asset Management LLC now owns 47 shares of the business services provider’s stock valued at $217,000 after acquiring an additional 2 shares during the last quarter. Finally, WP Advisors LLC raised its position in shares of 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 acquiring an additional 2 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on BKNG shares. Evercore ISI lifted their price objective on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. BTIG Research reaffirmed a “buy” rating and set a $6,250.00 price objective on shares of Booking in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Booking in a report on Monday. Finally, Morgan Stanley set a $6,150.00 target price on Booking in a research note on Wednesday, October 29th. Two equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6,139.21.

Booking Stock Up 4.0%

BKNG stock opened at $4,768.00 on Friday. The stock has a market cap of $153.69 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. The firm’s 50-day simple moving average is $5,182.84 and its 200 day simple moving average is $5,398.75. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping the consensus estimate of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter in the prior year, the firm earned $83.39 EPS. Booking’s quarterly revenue was up 12.7% on a year-over-year basis. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be given 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 currently 24.96%.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 400 shares of Booking stock in a transaction on Monday, November 17th. The stock was sold at an average price of $5,007.69, for a total transaction of $2,003,076.00. Following the sale, the chief executive officer owned 21,751 shares of the company’s stock, valued at $108,922,265.19. The trade was a 1.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $5,030.00, for a total value of $75,450.00. Following the transaction, the director owned 717 shares of the company’s stock, valued at $3,606,510. This trade represents a 2.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,452 shares of company stock valued at $17,987,397 in the last quarter. 0.16% of the stock is owned by 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.