3,541 Shares of Booking Holdings Inc. $BKNG Acquired by StoneRidge PMG Advisors LLC

StoneRidge PMG Advisors LLC bought a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,541 shares of the business services provider’s stock, valued at approximately $577,000.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Booking in the second quarter worth about $11,646,302,000. State Street Corp boosted its position in Booking by 2,674.6% during the 2nd quarter. State Street Corp now owns 39,420,711 shares of the business services provider’s stock valued at $7,026,348,000 after acquiring an additional 37,999,915 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Booking during the 2nd quarter worth approximately $1,691,186,000. Bank of New York Mellon Corp purchased a new position in shares of Booking during the 2nd quarter worth approximately $1,370,455,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Booking by 2,525.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,101,866 shares of the business services provider’s stock worth $1,087,597,000 after acquiring an additional 5,869,459 shares during the period. Institutional investors own 92.42% of the company’s stock.

Booking News Summary

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 Stock Performance

Shares of NASDAQ BKNG opened at $160.66 on Monday. Booking Holdings Inc. has a fifty-two week low of $146.28 and a fifty-two week high of $220.81. The company has a 50 day simple moving average of $166.49 and a two-hundred day simple moving average of $176.13. The company has a market capitalization of $119.48 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.03 and a beta of 1.17.

Booking (NASDAQ:BKNG) last released its earnings results 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. Booking had a net margin of 25.52% and a negative return on equity of 89.54%. The firm had revenue of $9.79 billion during the quarter, compared to analyst estimates of $9.55 billion. During the same period last year, the business earned $99.50 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. On average, analysts forecast that Booking Holdings Inc. will post 10.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Susquehanna restated a “positive” rating and issued a $200.00 target price (down from $240.00) on shares of Booking in a research note on Wednesday. Mizuho set a $205.00 price target on Booking in a research report on Wednesday. BTIG Research reaffirmed a “buy” rating and issued a $250.00 price target on shares of Booking in a research note on Wednesday, November 4th. Piper Sandler reiterated a “neutral” rating and issued a $200.00 price objective (down from $215.00) on shares of Booking in a report on Wednesday, November 4th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $245.00 price objective on shares of Booking in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average target price of $222.35.

Insider Activity at Booking

In other Booking news, VP Peter Millones, Jr. sold 50,050 shares of Booking stock in a transaction on Monday, August 17th. The stock was sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the completion of the transaction, the vice president owned 375,025 shares in the company, valued at approximately $77,851,439.75. The trade was a 11.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Wittman sold 375 shares of Booking stock in a transaction on Monday, August 17th. The shares were sold at an average price of $211.00, for a total value of $79,125.00. Following the transaction, the director owned 16,133 shares of the company’s stock, valued at $3,404,063. The trade was a 2.27% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 77,425 shares of company stock worth $16,004,164 over the last quarter. 0.17% of the stock is currently owned by company insiders.

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.