Edmond DE Rothschild Holding S.A. Increases Position in Booking Holdings Inc. $BKNG

by · The Cerbat Gem

Edmond DE Rothschild Holding S.A. increased its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 14.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 550 shares of the business services provider’s stock after buying an additional 68 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Booking were worth $3,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealth Preservation Advisors LLC acquired a new stake in shares of Booking during the 1st quarter valued at approximately $28,000. Atwood & Palmer Inc. acquired a new position in Booking during the second 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 purchasing an additional 4 shares in the last quarter. Keystone Global Partners LLC purchased a new stake in Booking during the first quarter worth $32,000. Finally, O Brien Wealth Partners LLC acquired a new stake in Booking in the second quarter valued at $35,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. BTIG Research reaffirmed a “buy” rating and issued a $6,250.00 price target on shares of Booking in a report on Monday. Gordon Haskett lowered their price target on shares of Booking from $5,680.00 to $5,620.00 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. B. Riley lifted their price objective on Booking from $6,700.00 to $6,800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Booking in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6,141.52.

Get Our Latest Report on BKNG

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 200 shares of Booking stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total value of $1,000,000.00. Following the transaction, the insider owned 1,514 shares in the company, valued at approximately $7,570,000. This trade represents a 11.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Mylod, Jr. sold 40 shares of the business’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 sale, the director directly owned 960 shares of the company’s stock, valued at approximately $4,800,000. This trade represents a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 3,452 shares of company stock valued at $17,987,397. Corporate insiders own 0.16% of the company’s stock.

Booking Price Performance

NASDAQ BKNG opened at $4,906.24 on Wednesday. The company has a market cap of $158.15 billion, a P/E ratio of 31.89, a P/E/G 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 company has a 50-day moving average of $5,157.78 and a 200-day moving average of $5,398.49.

Booking (NASDAQ:BKNG – Get Free Report) last released its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (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 firm had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. During the same period in the previous year, the firm earned $83.39 earnings per share. Booking’s revenue 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 anticipate 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. Stockholders of record on Friday, December 5th will be issued a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. Booking’s dividend payout ratio is presently 24.96%.

Booking Company Profile

(Free Report)

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.

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