Booking Holdings Stake Jumps 463.6% as Benjamin Edwards Acquires 561 Shares

BKNGBKNG

Benjamin Edwards Inc. increased its Booking Holdings stake by 463.6% in Q3, buying 561 shares to hold 682 shares valued at $3.683 million in its latest SEC filing. CEO Glenn D. Fogel sold 625 shares at an average price of $5,141.53, generating $3.21 million and reducing his position by 2.65%.

1. Institutional Investors Ramp Up Positions

Benjamin Edwards Inc. increased its stake in Booking Holdings Inc. by 463.6% during the third quarter, acquiring an additional 561 shares to bring its total to 682 shares valued at $3,683,000 as of the latest SEC filing. Other institutional moves include Halbert Hargrove Global Advisors LLC boosting its holding by 150% to 5 shares worth $27,000, Westside Investment Management Inc. growing its position by 400% to 5 shares valued at $29,000, and several new entrants—Atwood & Palmer Inc., Davis Capital Management and O’Brien Wealth Partners LLC—establishing small stakes ranging from $29,000 to $35,000. Collectively, institutional investors now control 92.42% of the company’s outstanding shares.

2. Significant Insider Selling Activity

CEO Glenn D. Fogel divested 625 shares on October 15th for total proceeds of $3,213,456.25, reducing his direct ownership by 2.65% to 22,982 shares worth $118,162,642.46. President Paulo Pisano sold 200 shares on November 7th for $1,000,000, trimming his stake by 11.67% to 1,514 shares valued at approximately $7,570,000. In the past 90 days, corporate insiders have sold a combined 3,324 shares for $17,193,557, representing 0.16% of total shares outstanding.

3. Third-Quarter Earnings Beat and Key Financial Metrics

For the quarter ended October 28th, Booking reported earnings per share of $99.50, surpassing consensus estimates by $3.94, and generated revenue of $9.01 billion versus expectations of $8.71 billion. Net margin stood at 19.37%, while return on equity was negative 134.86%. Year-over-year revenues grew by 12.7% and EPS rose from $83.39 in the prior year’s quarter. The stock’s one-year trading range spans from $4,096.23 to $5,839.41, with 50-day and 200-day moving averages at $5,157.46 and $5,373.75 respectively, and a current market capitalization of $177.03 billion.

4. Dividend Policy and Analyst Consensus

Booking paid a quarterly dividend of $9.60 on December 31st to shareholders of record as of December 5th, translating into an annualized dividend of $38.40 and a yield of 0.7%, with a payout ratio of 24.96%. Among 36 analysts covering the stock, one rates it as Strong Buy, 27 as Buy and eight as Hold, resulting in a consensus rating of Moderate Buy and an average price target of $6,179.42.

Sources

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