Booking Holdings Inc. $BKNG Stock Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG) by 378.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,117 shares of the business services provider’s stock after acquiring an additional 17,494 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Booking were worth $3,603,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BKNG. Allworth Financial LP increased its holdings in Booking by 1,615.6% in the second quarter. Allworth Financial LP now owns 13,931 shares of the business services provider’s stock valued at $2,483,000 after buying an additional 13,119 shares during the last quarter. B. Metzler seel. Sohn & Co. AG acquired a new stake in Booking in the second quarter valued at $11,687,000. MBM Wealth Consultants LLC raised its stake in Booking by 2,860.8% in the second quarter. MBM Wealth Consultants LLC now owns 12,554 shares of the business services provider’s stock valued at $2,238,000 after buying an additional 12,130 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Booking by 2,549.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 88,949 shares of the business services provider’s stock valued at $16,077,000 after buying an additional 85,592 shares in the last quarter. Finally, Venture Visionary Partners LLC lifted its holdings in Booking by 53.3% during the 3rd quarter. Venture Visionary Partners LLC now owns 61,803 shares of the business services provider’s stock worth $10,068,000 after buying an additional 21,496 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on BKNG. Robert W. Baird set a $230.00 price objective on Booking in a research report on Wednesday, August 5th. Oppenheimer reissued an “outperform” rating and set a $240.00 target price (up from $215.00) on shares of Booking in a research report on Wednesday, August 5th. Citizens Jmp started coverage on Booking in a research note on Wednesday, November 4th. They set a “hold” rating for the company. DA Davidson set a $240.00 price target on Booking in a report on Thursday, August 6th. Finally, Truist Financial set a $216.00 price target on Booking and gave the company a “buy” rating in a report on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $222.35.

Insiders Place Their Bets

In related news, Director Robert J. Mylod, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $200.00, for a total transaction of $200,000.00. Following the transaction, the director owned 14,000 shares in the company, valued at $2,800,000. This trade represents a 6.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paulo Pisano sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $163.06, for a total value of $244,590.00. Following the transaction, the insider owned 70,400 shares in the company, valued at $11,479,424. This represents a 2.09% decrease in their position. 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 three months, insiders sold 77,425 shares of company stock worth $16,004,164. Corporate insiders own 0.17% of the company’s stock.

Key Headlines Impacting Booking

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Booking’s AI initiatives are drawing favorable attention. A Seeking Alpha article upgraded its rating, arguing AI could help drive revenue, while CEO Glenn Fogel described AI as a “big positive” for the company. Booking Holdings: AI Proves To Be A Revenue Multiplier (Rating Upgrade) AI is starting to help Booking’s business. Its stock should benefit
• Positive Sentiment: TD Cowen reiterated its Buy rating. Separately, Booking-backed Lola launched a service to help members get access to sought-after restaurant reservations and event tickets, with more cities planned. TD Cowen Reaffirms Their Buy Rating on Booking Holdings Lola Launches Lola VIP Drops
• Neutral Sentiment: Recent third-quarter results beat Booking’s own guidance on room nights, gross bookings and adjusted revenue, supporting the earlier share rally. These results provide a positive business backdrop, but may be outweighed today by competitive and analyst concerns. Booking Stock Jumps As Q3 Results Spotlight Margin Strength
• Negative Sentiment: Airbnb reported its fastest revenue growth in more than three years and raised its outlook, lifting its shares while Booking and Expedia fell. The news may renew concerns about competition and relative growth prospects in online travel. Airbnb Jumps on Growth and Raised Outlook; Booking and Expedia Fall
• Negative Sentiment: Several analyst actions point to a more cautious view: JPMorgan lowered its expectations, and Barclays and UBS cut their price targets. A downgrade also accompanied coverage of Booking shares, adding to near-term pressure. JPMorgan Lowers Expectations for Booking Barclays Lowers Booking Price Target UBS Cuts Booking Price Target

Booking Price Performance

Shares of BKNG opened at $160.66 on Monday. Booking Holdings Inc. has a 1-year low of $146.28 and a 1-year high of $220.81. The stock has a market cap of $119.48 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.03 and a beta of 1.17. The firm has a fifty day moving average price of $166.49 and a 200 day moving average price of $176.13.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $4.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.17. The company had revenue of $9.79 billion during the quarter, compared to the consensus estimate of $9.55 billion. Booking had a net margin of 25.52% and a negative return on equity of 89.54%. Booking’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $99.50 earnings per share. As a group, equities analysts expect that Booking Holdings Inc. will post 10.24 EPS for the current fiscal year.

Booking Company Profile

Booking Holdings Inc is an online travel company that connects travelers with accommodations and other travel services. Through its digital platforms, customers can search for and book hotels, vacation rentals, flights, rental cars, attractions and other travel experiences.

The company operates a portfolio of consumer brands, including Booking.com, Priceline, Agoda, KAYAK, Rentalcars.com and OpenTable. Its services span accommodation reservations, travel search and comparison, car rentals, and restaurant reservations.

Booking Holdings traces its history to Priceline, which was founded in 1997.