Booking Holdings Inc. $BKNG Stock Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 17,224.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,331 shares of the business services provider’s stock after purchasing an additional 4,306 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in Booking were worth $706,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Bogart Wealth LLC increased its stake in Booking by 3,475.0% during the 2nd quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock worth $25,000 after buying an additional 139 shares during the period. Wilkerson Advisory Group LLC lifted its holdings in Booking by 3,550.0% during the 2nd quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock worth $26,000 after buying an additional 142 shares in the last quarter. First Financial Corp IN lifted its holdings in Booking by 2,400.0% during the 2nd quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock worth $27,000 after buying an additional 144 shares in the last quarter. Roble Belko & Company Inc boosted its position in Booking by 2,400.0% in the 2nd quarter. Roble Belko & Company Inc now owns 150 shares of the business services provider’s stock valued at $27,000 after buying an additional 144 shares during the period. Finally, Kings Path Partners LLC purchased a new position in Booking in the 3rd quarter valued at approximately $29,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Up 9.8%

Shares of NASDAQ:BKNG opened at $170.97 on Thursday. Booking Holdings Inc. has a 52 week low of $146.28 and a 52 week high of $220.81. The company’s 50 day moving average is $168.13 and its two-hundred day moving average is $176.51. The company has a market cap of $128.46 billion, a PE ratio of 18.45, a P/E/G ratio of 0.97 and a beta of 1.17.

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, topping the consensus estimate of $4.49 by $0.17. The business had revenue of $9.79 billion during the quarter, compared to analysts’ expectations of $9.55 billion. Booking had a net margin of 25.52% and a negative return on equity of 95.02%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $99.50 EPS. As a group, equities research analysts expect that Booking Holdings Inc. will post 10.48 EPS for the current year.

Insider Buying and Selling

In other news, insider Paulo Pisano sold 1,500 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $163.06, for a total transaction of $244,590.00. Following the completion of the transaction, the insider directly owned 70,400 shares of the company’s stock, valued at approximately $11,479,424. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $207.59, for a total value of $10,389,879.50. Following the transaction, the vice president directly owned 375,025 shares of the company’s stock, valued at approximately $77,851,439.75. This represents a 11.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,425 shares of company stock valued at $16,004,164 over the last 90 days. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BKNG shares. BMO Capital Markets restated an “outperform” rating and issued a $245.00 price target on shares of Booking in a research note on Wednesday. Morgan Stanley reiterated an “overweight” rating and issued a $200.00 price objective (down from $230.00) on shares of Booking in a research note on Wednesday. B. Riley Financial decreased their target price on Booking from $274.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $230.00 target price on shares of Booking in a research note on Wednesday, August 5th. Finally, Bank of America lowered their target price on Booking from $232.00 to $219.00 and set a “buy” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $222.35.

More Booking News

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Third-quarter adjusted EPS of $4.66 beat expectations. Room nights grew 7%, and gross bookings and adjusted revenue also increased, indicating underlying travel activity remained healthy. Booking Holdings Q3 Earnings Beat on Travel Growth, Revenues Miss
• Positive Sentiment: The stock’s recovery after an initial post-earnings decline indicates investors may have already priced in a weak report and are giving weight to the earnings beat and travel-volume growth. Booking Holdings earnings analysis: questions answered and next catalysts
• Neutral Sentiment: Several analysts lowered price targets after the results, but many maintained Buy, Outperform or Overweight ratings. This reflects reduced near-term expectations rather than a broad shift to bearish recommendations. These Analysts Slash Their Forecasts On Booking Holdings Following Q3 Results
• Negative Sentiment: Reported revenue missed estimates and fell year over year, partly due to an approximately $900 million revenue impact tied to FTC action. The company also cautioned that travel-demand growth is likely to moderate in Q4, with international demand pressured by geopolitical turmoil and higher airfares. Booking Holdings takes $900 million hit to quarterly revenue linked to FTC action

Booking Company Profile

Booking Holdings Inc is a global online travel and restaurant-reservation company that connects consumers with travel providers through digital platforms and mobile applications. Its services include accommodations, flights, rental cars, cruises, vacation packages, restaurant reservations and other travel-related offerings.

The company operates a portfolio of well-known brands, including Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and Kayak-associated travel services.