AlphaQuest LLC Cuts Stake in Booking Holdings Inc. $BKNG

AlphaQuest LLC decreased its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 57.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 158 shares of the business services provider’s stock after selling 210 shares during the period. AlphaQuest LLC’s holdings in Booking were worth $915,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Booking by 2.5% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 106,178 shares of the business services provider’s stock valued at $614,690,000 after purchasing an additional 2,593 shares in the last quarter. AlTi Global Inc. boosted its stake in shares of Booking by 433.0% in the 2nd quarter. AlTi Global Inc. now owns 1,423 shares of the business services provider’s stock valued at $8,222,000 after purchasing an additional 1,156 shares in the last quarter. Smith Group Asset Management LLC boosted its stake in shares of Booking by 1.4% in the 2nd quarter. Smith Group Asset Management LLC now owns 8,965 shares of the business services provider’s stock valued at $51,901,000 after purchasing an additional 128 shares in the last quarter. Prentice Wealth Management LLC boosted its stake in shares of Booking by 18.6% in the 2nd quarter. Prentice Wealth Management LLC now owns 102 shares of the business services provider’s stock valued at $591,000 after purchasing an additional 16 shares in the last quarter. Finally, Briaud Financial Planning Inc purchased a new stake in shares of Booking in the 2nd quarter valued at $52,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Performance

Booking stock opened at $5,146.16 on Monday. The stock’s 50 day simple moving average is $5,432.78 and its two-hundred day simple moving average is $5,374.01. The stock has a market cap of $166.79 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 1.59 and a beta of 1.35. Booking Holdings Inc. has a fifty-two week low of $4,096.23 and a fifty-two week high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating the consensus estimate of $50.32 by $5.08. The business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The business’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on BKNG. Royal Bank Of Canada upped their price target on shares of Booking from $5,900.00 to $6,100.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Booking from $6,723.00 to $6,790.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Evercore ISI upped their price target on shares of Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Booking in a report on Tuesday, October 14th. Finally, Wedbush reiterated a “neutral” rating and set a $5,900.00 price target on shares of Booking in a report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus target price of $6,010.41.

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of Booking stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the sale, the director directly owned 131 shares of the company’s stock, valued at approximately $722,045.80. The trade was a 32.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 625 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 22,982 shares of the company’s stock, valued at approximately $118,162,642.46. The trade was a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,197 shares of company stock valued at $17,260,963. 0.16% of the stock is currently owned by corporate insiders.

Booking Company 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.