Booking Holdings Stake Rises 463.6% to 682 Shares Valued at $3.683M
Benjamin Edwards Inc boosted its Booking Holdings stake by 463.6% in Q3, acquiring 561 additional shares to reach 682 shares valued at $3.683M. CEO Glenn D. Fogel sold 625 shares at an average $5,141.53 for $3.21M, trimming his stake by 2.65% to 22,982 shares.
1. Institutional Position Surge
Benjamin Edwards Inc. increased its stake in Booking Holdings Inc. by 463.6% during the third quarter, acquiring an additional 561 shares to reach a total of 682 shares. As of the latest SEC filing, this position is valued at approximately $3.683 million. Other institutional investors also adjusted their stakes: Halbert Hargrove Global Advisors LLC added three shares for a 150% increase, Atwood & Palmer Inc. initiated a position with five shares, Westside Investment Management Inc. boosted its holdings by four shares (400% increase), Davis Capital Management opened a stake of 32,000 dollars’ worth of shares, and O’Brien Wealth Partners LLC established a new position valued at 35,000 dollars. Institutional ownership now represents 92.42% of the company’s outstanding equity.
2. Insider Selling Activity
CEO Glenn D. Fogel executed a transaction on October 15th, disposing of 625 shares for a total proceeds of 3.213 million dollars, reducing his ownership by 2.65% to 22,982 shares valued at approximately 118.163 million dollars. On November 7th, Chief Brand Officer Paulo Pisano sold 200 shares for net proceeds of 1 million dollars, decreasing his position by 11.67% to 1,514 shares valued near 7.57 million dollars. Over the past 90 days, insiders have sold 3,324 shares worth 17.194 million dollars. Insiders collectively retain 0.16% of the company’s shares.
3. Quarterly Results and Analyst Outlook
In its third quarter, Booking reported earnings per share of 99.50, beating consensus estimates by 4.13% and generating revenue of 9.01 billion dollars versus expectations of 8.71 billion dollars. Net margin was 19.37%, while return on equity was negative 134.86% due to a significant share repurchase program. Revenue grew 12.7% year-over-year, up from 83.39 EPS in the prior period. Analysts forecast full-year EPS of 209.92. Research firms including Deutsche Bank, Benchmark, and DA Davidson have raised price targets and maintain buy ratings; consensus among 36 analysts is Moderate Buy with an average target reflecting mid-single-digit upside.
4. Dividend and Financial Metrics
The board declared a quarterly dividend of 9.60 dollars per share, payable to shareholders of record on December 5th and distributed on December 31st. This equates to an annualized payout of 38.40 dollars and a yield of approximately 0.7%, with a payout ratio near 25%. The company’s trailing twelve-month P/E ratio stands at 35.7, PEG ratio at 1.19 and beta at 1.23. Market capitalization is 177.03 billion dollars. The 50-day and 200-day moving averages are 5,157.46 dollars and 5,373.75 dollars, respectively, illustrating recent trading trends within a 12-month range from a low of 4,096.23 dollars to a high of 5,839.41 dollars.