Entropy Technologies LP Raises Stock Holdings in Booking Holdings Inc. $BKNG

Entropy Technologies LP boosted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 433.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,600 shares of the business services provider’s stock after acquiring an additional 1,300 shares during the quarter. Booking accounts for 0.7% of Entropy Technologies LP’s portfolio, making the stock its 19th biggest holding. Entropy Technologies LP’s holdings in Booking were worth $9,263,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Atwood & Palmer Inc. purchased a new stake in shares of Booking during the second quarter valued at $29,000. Westside Investment Management Inc. lifted its holdings in Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after buying an additional 4 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in Booking in the 1st quarter valued at about $28,000. O Brien Wealth Partners LLC purchased a new stake in Booking in the 2nd quarter valued at about $35,000. Finally, First PREMIER Bank grew its stake in Booking by 100.0% in the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock worth $35,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert J. Mylod, Jr. sold 40 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the completion of the sale, the director owned 960 shares in the company, valued at approximately $4,800,000. This represents a 4.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the completion of the sale, the director directly owned 131 shares of the company’s stock, valued at $722,045.80. The trade was a 32.82% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,452 shares of company stock valued at $17,987,397. Company insiders own 0.16% of the company’s stock.

Booking Price Performance

BKNG opened at $4,583.10 on Friday. The firm has a market capitalization of $147.73 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. The business’s 50-day moving average is $5,196.65 and its two-hundred day moving average is $5,401.69. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41.

Booking (NASDAQ:BKNG) last released its quarterly 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 business had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business earned $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s payout ratio is currently 24.96%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Gordon Haskett decreased their price target on shares of Booking from $5,680.00 to $5,620.00 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Royal Bank Of Canada raised their price objective on Booking from $5,900.00 to $6,100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Evercore ISI upped their target price on Booking from $5,500.00 to $6,250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Weiss Ratings restated a “buy (b)” rating on shares of Booking in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.