Evelyn Partners Asset Management Ltd Sells 3,736 Shares of Booking Holdings Inc. $BKNG

Evelyn Partners Asset Management Ltd lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 92.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 291 shares of the business services provider’s stock after selling 3,736 shares during the period. Booking makes up about 0.4% of Evelyn Partners Asset Management Ltd’s investment portfolio, making the stock its 29th largest holding. Evelyn Partners Asset Management Ltd’s holdings in Booking were worth $1,685,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Booking by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,956,462 shares of the business services provider’s stock valued at $13,620,154,000 after acquiring an additional 30,054 shares in the last quarter. Geode Capital Management LLC grew its position 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 purchasing an additional 9,333 shares during the last quarter. Northern Trust Corp increased its stake in Booking by 0.5% during 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 purchasing an additional 1,699 shares in the last quarter. Deutsche Bank AG raised its holdings in Booking by 6.6% in the first quarter. Deutsche Bank AG now owns 296,331 shares of the business services provider’s stock worth $1,365,170,000 after buying an additional 18,268 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in Booking by 9.5% in the second quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock worth $1,297,331,000 after buying an additional 19,578 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Price Performance

BKNG stock opened at $4,768.00 on Friday. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The company has a market cap 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. The stock’s fifty day moving average price is $5,182.84 and its 200-day moving average price is $5,398.75.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The company had revenue of $9.01 billion for the quarter, compared to the consensus estimate 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 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current 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 dividend of $9.60 per share. This represents a $38.40 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s payout ratio is 24.96%.

Insider Buying and Selling at Booking

In other Booking news, Director Robert J. Mylod, Jr. sold 40 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 960 shares in the company, valued at approximately $4,800,000. This trade represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 400 shares of the business’s stock in a transaction on Monday, November 17th. The shares were 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 directly owned 21,751 shares of the company’s stock, valued at approximately $108,922,265.19. The trade was a 1.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,452 shares of company stock valued at $17,987,397 in the last ninety days. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BKNG. Wedbush raised shares of Booking from a “neutral” rating to an “outperform” rating and set a $6,000.00 price target for the company in a research report on Thursday, November 13th. Cantor Fitzgerald cut their target price on Booking from $5,590.00 to $5,550.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Booking in a research note on Monday. UBS Group set a $6,806.00 price objective on Booking and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6,139.21.

Booking 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.