Campbell & CO Investment Adviser LLC Invests $255,000 in Booking Holdings Inc. $BKNG

Campbell & CO Investment Adviser LLC bought a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 44 shares of the business services provider’s stock, valued at approximately $255,000.

Other hedge funds have also recently modified their holdings of the company. Wealth Preservation Advisors LLC purchased a new position in shares of Booking during the first quarter worth about $28,000. Atwood & Palmer Inc. acquired a new stake in shares of Booking in the 2nd quarter valued at about $29,000. Westside Investment Management Inc. grew its stake in Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after buying an additional 4 shares during the last quarter. Keystone Global Partners LLC purchased a new position in Booking during the 1st quarter worth approximately $32,000. Finally, O Brien Wealth Partners LLC acquired a new position in Booking during the second quarter worth approximately $35,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Down 4.8%

NASDAQ BKNG opened at $4,804.01 on Tuesday. The stock has a market capitalization of $154.85 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.57 and a beta of 1.34. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41. The firm has a 50-day moving average price of $5,246.41 and a 200 day moving average price of $5,415.42.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $95.56 by $3.94. The company had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts expect that Booking Holdings Inc. will post 209.92 earnings per share 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 dividend payout ratio is presently 24.96%.

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the transaction, the director directly owned 732 shares of the company’s stock, valued at $3,873,729.36. This represents a 2.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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. This trade represents a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,424 shares of company stock valued at $12,912,874 in the last three months. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BKNG shares. UBS Group set a $6,806.00 target price on shares of Booking and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Seaport Global Securities increased their price target on shares of Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Barclays raised their price objective on shares of Booking from $6,000.00 to $6,250.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $6,150.00 target price on shares of Booking in a research note on Wednesday, October 29th. Finally, Susquehanna raised their price target on Booking from $6,000.00 to $6,500.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6,139.21.

Booking Profile

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.