Booking Holdings Inc. $BKNG Shares Acquired by Rossby Financial LCC

Rossby Financial LCC lifted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 23.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21 shares of the business services provider’s stock after purchasing an additional 4 shares during the quarter. Rossby Financial LCC’s holdings in Booking were worth $122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BKNG. Brighton Jones LLC raised its position in shares of Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after purchasing an additional 65 shares during the period. Revolve Wealth Partners LLC bought a new position in Booking in the 4th quarter worth approximately $209,000. Avidian Wealth Enterprises LLC grew its holdings in Booking by 4.3% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 73 shares of the business services provider’s stock worth $339,000 after buying an additional 3 shares in the last quarter. Valley National Advisers Inc. grew its holdings in Booking by 157.1% in the 1st quarter. Valley National Advisers Inc. now owns 18 shares of the business services provider’s stock worth $84,000 after buying an additional 11 shares in the last quarter. Finally, Smith Salley Wealth Management bought a new position in Booking in the 1st quarter worth approximately $1,811,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BKNG has been the subject of a number of recent analyst reports. Wedbush reissued a “neutral” rating and issued a $5,900.00 price objective on shares of Booking in a report on Wednesday, July 30th. Piper Sandler reissued a “neutral” rating and issued a $5,750.00 price objective (up from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Truist Financial raised Booking from a “hold” rating to a “buy” rating and increased their price objective for the stock from $5,630.00 to $5,750.00 in a report on Monday. Gordon Haskett increased their price objective on Booking from $5,310.00 to $5,680.00 in a report on Monday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $6,000.00 price objective (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $6,002.89.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $5,120.57 on Wednesday. The stock has a fifty day moving average price of $5,417.96 and a two-hundred day moving average price of $5,382.85. The firm has a market cap of $165.96 billion, a P/E ratio of 35.61, a PEG ratio of 1.63 and a beta of 1.35. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The firm had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $83.39 EPS. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Booking

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the completion of the transaction, the director directly owned 732 shares of the company’s stock, valued at approximately $3,873,729.36. This trade represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the sale, the director directly owned 131 shares of the company’s stock, valued at approximately $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,197 shares of company stock valued at $17,260,963. 0.16% of the stock is owned by corporate insiders.

About Booking

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.