Booking Holdings Q3 EPS Tops by $3.94 on $9.01B Revenue; Stake Up 463.6%
Booking Holdings reported third-quarter EPS of $99.50, beating estimates by $3.94 on $9.01 billion revenue, up 12.7% year‐over‐year. Benjamin Edwards Inc. increased its stake by 463.6% to 682 shares, valuing its position at $3.683 million, highlighting institutional confidence.
1. Benjamin Edwards Inc. Quadruples Position in Booking Holdings
Benjamin Edwards Inc. increased its stake in Booking Holdings by 463.6% during the third quarter, acquiring an additional 561 shares to bring its total holding to 682 shares. The new position carried a reported value of $3.683 million as of the most recent SEC filing, signaling a significant vote of confidence from this regional brokerage and underscoring growing institutional interest in the travel technology provider.
2. Broader Institutional Activity Highlights Small but Diverse Stakes
Several other institutional investors altered their exposure to Booking during recent quarters. Halbert Hargrove Global Advisors lifted its stake by 150.0% to five shares, valued at $27,000, while Atwood & Palmer initiated a new position worth $29,000. Westside Investment Management boosted its holding by 400.0% to five shares, Davis Capital Management entered with a $32,000 stake, and O’Brien Wealth Partners added shares totaling $35,000. Collectively, institutional investors now account for 92.42% of the company’s shares, reflecting widespread professional engagement even among smaller allocators.
3. Insider Sales Trim Executive Ownership by 2.8%
Corporate insiders have reduced their holdings by 3,324 shares over the past 90 days, totaling $17.19 million in dispositions. CEO Glenn D. Fogel sold 625 shares in mid-October for proceeds of approximately $3.21 million, decreasing his direct ownership by 2.65% to 22,982 shares. Chief Product Officer Paulo Pisano also sold 200 shares in early November for $1.00 million, an 11.67% reduction in his stake. Despite these transactions, insiders collectively retain just 0.16% of total outstanding stock, limiting their influence on shareholder votes.
4. Third-Quarter Results Beat Estimates and Show Double-Digit Top-Line Growth
In its latest quarterly report, Booking Holdings delivered earnings per share of $99.50, surpassing analyst consensus by $3.94, and reported revenue of $9.01 billion versus the expected $8.71 billion. Net margin for the period stood at 19.37%, while quarterly revenue climbed 12.7% year-over-year. The company’s performance outshone prior-year EPS of $83.39 and sets the stage for full-year forecasts targeting 209.92 EPS, reinforcing management’s guidance for sustained profitability and robust free cash flow generation.