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

Wealth Management Associates Inc. increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71 shares of the business services provider’s stock after acquiring an additional 6 shares during the quarter. Wealth Management Associates Inc.’s holdings in Booking were worth $411,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BKNG. Pacer Advisors Inc. increased its holdings in shares of Booking by 1,411.9% during the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider’s stock worth $516,900,000 after acquiring an additional 104,780 shares during the last quarter. AQR Capital Management LLC boosted its stake in Booking by 79.4% in the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock valued at $695,259,000 after purchasing an additional 68,243 shares during the period. TD Asset Management Inc boosted its stake in Booking by 182.2% in the 1st quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider’s stock valued at $482,081,000 after purchasing an additional 67,562 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Booking by 27.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider’s stock valued at $836,223,000 after purchasing an additional 39,523 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Booking by 19.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider’s stock valued at $983,707,000 after purchasing an additional 35,171 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on BKNG shares. Wedbush restated a “neutral” rating and issued a $5,900.00 price target on shares of Booking in a research note on Wednesday, July 30th. BMO Capital Markets reiterated an “outperform” rating and set a $6,000.00 target price (up from $5,700.00) on shares of Booking in a research report on Wednesday, July 30th. Benchmark reiterated a “buy” rating and set a $6,200.00 target price (up from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. Evercore ISI upped their target price on Booking from $5,500.00 to $6,250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and a consensus price target of $6,011.82.

Booking Stock Down 2.5%

Shares of BKNG opened at $5,120.57 on Wednesday. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41. The business has a 50-day simple moving average of $5,417.96 and a two-hundred day simple moving average of $5,382.85. The stock has a market cap of $165.96 billion, a PE ratio of 35.61, a PEG ratio of 1.63 and a beta of 1.35.

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

Insiders Place Their Bets

In other news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the sale, the director owned 732 shares of the company’s stock, valued at approximately $3,873,729.36. This represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total value of $5,588,639.96. Following the completion of the sale, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at approximately $130,237,930.44. The trade was a 4.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,197 shares of company stock valued at $17,260,963 in the last 90 days. Corporate insiders own 0.16% of the company’s stock.

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.