Riverpark Capital Management LLC Has $1.75 Million Position in Booking Holdings Inc. $BKNG

Riverpark Capital Management LLC lessened its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 302 shares of the business services provider’s stock after selling 22 shares during the quarter. Booking comprises 2.8% of Riverpark Capital Management LLC’s holdings, making the stock its 11th biggest position. Riverpark Capital Management LLC’s holdings in Booking were worth $1,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Atwood & Palmer Inc. acquired a new position in Booking in the 2nd quarter valued at $29,000. Westside Investment Management Inc. grew its position in shares of Booking by 400.0% in the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of Booking during the 1st quarter worth about $28,000. O Brien Wealth Partners LLC bought a new stake in Booking during the 2nd quarter valued at approximately $35,000. Finally, First PREMIER Bank boosted 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 valued at $35,000 after purchasing an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Booking Price Performance

Booking stock opened at $4,906.24 on Wednesday. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41. The stock has a fifty day moving average price of $5,157.78 and a two-hundred day moving average price of $5,398.49. The firm has a market capitalization 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 (NASDAQ:BKNG) last posted its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, topping the consensus estimate of $95.56 by $3.94. The business had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BTIG Research reiterated a “buy” rating and set a $6,250.00 price target on shares of Booking in a report on Monday. Rothschild & Co Redburn increased their price target on shares of Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a report on Thursday, October 30th. The Goldman Sachs Group boosted their price objective on shares of Booking from $5,640.00 to $6,050.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. BNP Paribas set a $6,100.00 target price on Booking in a research report on Monday. Finally, Royal Bank Of Canada boosted their price target on Booking from $5,900.00 to $6,100.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. 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. According to MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $6,141.52.

Insiders Place Their Bets

In related news, insider Paulo Pisano sold 200 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the transaction, the insider owned 1,514 shares in the company, valued at $7,570,000. This represents a 11.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Mylod, Jr. sold 40 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were 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 of the company’s stock, valued at $4,800,000. The trade was a 4.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,452 shares of company stock worth $17,987,397 over the last ninety days. Company insiders own 0.16% of the company’s stock.

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.