Wealth Management Associates Inc. Has $411,000 Stock Holdings in Booking Holdings Inc. $BKNG

Wealth Management Associates Inc. lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71 shares of the business services provider’s stock after purchasing an additional 6 shares during the period. Wealth Management Associates Inc.’s holdings in Booking were worth $411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BKNG. Wealth Preservation Advisors LLC bought a new stake in shares of Booking during the 1st quarter valued at about $28,000. Atwood & Palmer Inc. bought a new stake in shares of Booking during the 2nd quarter valued at about $29,000. Keystone Global Partners LLC bought a new stake in shares of Booking during the 1st quarter valued at about $32,000. O Brien Wealth Partners LLC bought a new stake in shares of Booking during the 2nd quarter valued at about $35,000. Finally, First PREMIER Bank boosted its position in shares of Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Booking Trading Down 2.5%

Shares of BKNG opened at $5,120.57 on Wednesday. The company has a market capitalization of $165.96 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 1.63 and a beta of 1.35. The stock has a 50 day moving average of $5,417.96 and a 200 day moving average of $5,382.85. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month 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 EPS for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The company had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.Booking’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $83.39 earnings per share. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Insider Activity at Booking

In related news, CEO Glenn D. Fogel sold 625 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total transaction of $3,213,456.25. Following the completion of the sale, the chief executive officer directly owned 22,982 shares of the company’s stock, valued at approximately $118,162,642.46. This trade represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Larry Quinlan sold 64 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were 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 $722,045.80. The trade was a 32.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 3,197 shares of company stock valued at $17,260,963. 0.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on BKNG. Wedbush restated a “neutral” rating and set a $5,900.00 target price on shares of Booking in a research report on Wednesday, July 30th. Barclays set a $6,250.00 price target on Booking and gave the stock an “overweight” rating in a report on Wednesday. Morgan Stanley set a $5,650.00 price target on Booking and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Truist Financial upgraded Booking from a “hold” rating to a “buy” rating and increased their price target for the stock from $5,630.00 to $5,750.00 in a report on Monday. Finally, Benchmark reiterated a “buy” rating and issued a $6,200.00 price target (up previously from $6,000.00) on shares of Booking in a report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6,011.82.

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.