Eos Management L.P. Takes Position in Booking Holdings Inc. $BKNG

Key Points

• Eos Management L.P. acquired a new stake of 570 shares in Booking Holdings Inc., valued at approximately $3.3 million, making it the firm's 19th largest holding.
• Insider trading activity includes Director Vanessa Ames Wittman selling 15 shares and CEO Glenn D. Fogel selling 1,013 shares, both of which represented decreases in their ownership positions.
• Booking Holdings recently declared a quarterly dividend of $9.60 per share, translating to an annualized dividend of $38.40 and a yield of 0.8%.

Eos Management L.P. bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 570 shares of the business services provider's stock, valued at approximately $3,300,000. Booking accounts for about 1.4% of Eos Management L.P.'s portfolio, making the stock its 19th largest holding.

A number of other hedge funds have also made changes to their positions in the business. Wealth Preservation Advisors LLC purchased a new stake in Booking during the 1st quarter worth $28,000. Atwood & Palmer Inc. purchased a new stake in Booking during the 2nd quarter worth $29,000. Keystone Global Partners LLC purchased a new stake in Booking during the 1st quarter worth $32,000. O Brien Wealth Partners LLC purchased a new stake in Booking during the 2nd quarter worth $35,000. Finally, First PREMIER Bank increased its stake in Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock worth $35,000 after buying an additional 3 shares during the period. Hedge funds and other institutional investors own 92.42% of the company's stock.

Insider Activity

In other news, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the transaction, the director directly owned 732 shares of the company's stock, valued at approximately $3,873,729.36. The trade was a 2.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the transaction, the chief executive officer directly owned 23,607 shares of the company's stock, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,197 shares of company stock valued at $17,260,963. Company insiders own 0.16% of the company's stock.

Booking Price Performance

Shares of BKNG stock opened at $5,070.02 on Monday. The firm has a market cap of $164.32 billion, a P/E ratio of 35.26, a P/E/G ratio of 1.57 and a beta of 1.35. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The firm has a fifty day moving average of $5,459.08 and a two-hundred day moving average of $5,343.06.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping the consensus estimate of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. During the same period last year, the business earned $41.90 EPS. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $9.60 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.8%. Booking's payout ratio is 26.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BKNG shares. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. BTIG Research reaffirmed a "buy" rating and set a $6,250.00 price target on shares of Booking in a research note on Wednesday, October 8th. UBS Group lifted their price target on shares of Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Erste Group Bank raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Finally, Bank of America raised their price objective on shares of Booking from $5,820.00 to $5,850.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $5,808.81.

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.

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