Park West Asset Management LLC Invests $10.34 Million in Booking Holdings Inc. $BKNG

Park West Asset Management LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the second quarter, HoldingsChannel reports. The institutional investor acquired 58,000 shares of the business services provider’s stock, valued at approximately $10,338,000.

Several other institutional investors have also recently added to or reduced their stakes in BKNG. Brighton Jones LLC grew its position in shares of Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after acquiring an additional 65 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Booking during the 4th quarter valued at about $209,000. Sivia Capital Partners LLC boosted its position in shares of Booking by 25.0% during the second quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock worth $955,000 after buying an additional 33 shares during the period. Schnieders Capital Management LLC. boosted its position in Booking by 50.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock worth $504,000 after acquiring an additional 29 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Booking during the second quarter valued at $179,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Booking

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Analysts currently assign Booking Holdings an average “Moderate Buy” rating, indicating that Wall Street remains broadly optimistic about the company’s outlook. Booking Holdings Given Average Rating of Moderate Buy by Analysts
• Positive Sentiment: OpenTable, a Booking Holdings business, introduced more than 20 restaurant-focused product enhancements, including AI-powered search distribution, automation tools, and natural-language reporting. The rollout could strengthen OpenTable’s value proposition, improve restaurant engagement, and support longer-term growth in the company’s restaurant technology operations. OpenTable Launches New Product Features
• Neutral Sentiment: Chief Financial Officer Ewout Steenbergen will speak at the Goldman Sachs Communacopia + Technology Conference on September 9. The presentation could provide updated commentary on travel demand, margins, and strategy, but no new financial guidance was announced. Booking Holdings Goldman Sachs Conference Presentation
• Neutral Sentiment: CEO Glenn Fogel is scheduled to participate in a Citi Global TMT Conference session on September 8. The event may offer investors additional strategic insight, but the announcement itself has no immediate earnings impact. Booking Holdings Citi Conference Presentation
• Neutral Sentiment: A report discusses whether Wall Street is bullish or bearish on BKNG, highlighting the importance of analyst expectations and valuation in current trading. The headline alone does not establish a specific change in consensus. Booking Holdings Stock: Is Wall Street Bullish or Bearish?
• Negative Sentiment: Booking’s recent pullback may indicate investor caution after a substantial advance, particularly as valuation and the sustainability of travel-demand growth remain key considerations. The reported short-interest data showed zero shares and therefore provides no meaningful evidence of bearish short positioning.

Booking Stock Down 2.3%

BKNG stock opened at $208.89 on Thursday. The company has a market capitalization of $156.96 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 1.29 and a beta of 1.07. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $227.72. The firm has a 50 day moving average of $190.88 and a two-hundred day moving average of $177.38.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The company had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $55.40 earnings per share. On average, research analysts expect that Booking Holdings Inc. will post 10.47 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, September 11th. Booking’s dividend payout ratio is 18.58%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BKNG. Argus upped their price objective on shares of Booking from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Piper Sandler reissued a “neutral” rating and set a $215.00 target price (up from $195.00) on shares of Booking in a report on Wednesday, August 5th. Gordon Haskett lifted their price target on Booking from $217.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Bank of America reiterated a “buy” rating and issued a $234.00 price target on shares of Booking in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company set a $220.00 target price on shares of Booking and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $236.45.

Insiders Place Their Bets

In other Booking news, CFO Ewout L. Steenbergen sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total value of $4,220,600.00. Following the sale, the chief financial officer directly owned 59,794 shares in the company, valued at $12,618,327.82. This trade represents a 25.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $206.70, for a total value of $206,700.00. Following the transaction, the director owned 15,000 shares in the company, valued at $3,100,500. This represents a 6.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 77,550 shares of company stock valued at $16,112,304. 0.17% of the stock is owned by company insiders.

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.