Envestnet Asset Management Inc. Sells 348 Shares of Booking Holdings Inc. $BKNG

Envestnet Asset Management Inc. cut its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.6% during the second quarter, HoldingsChannel.com reports. The firm owned 55,609 shares of the business services provider’s stock after selling 348 shares during the period. Envestnet Asset Management Inc.’s holdings in Booking were worth $321,927,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Fidelis Capital Partners LLC grew its position in Booking by 1.2% in the first quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider’s stock valued at $809,000 after acquiring an additional 2 shares during the period. WNY Asset Management LLC grew its position in Booking by 3.7% in the first quarter. WNY Asset Management LLC now owns 56 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 2 shares during the period. Gries Financial LLC grew its position in Booking by 1.6% in the first quarter. Gries Financial LLC now owns 125 shares of the business services provider’s stock valued at $576,000 after acquiring an additional 2 shares during the period. Sheaff Brock Investment Advisors LLC grew its position in Booking by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,854,000 after acquiring an additional 2 shares during the period. Finally, Nicolet Advisory Services LLC grew its position in Booking by 0.8% in the first quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider’s stock valued at $1,070,000 after acquiring an additional 2 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BKNG has been the topic of a number of analyst reports. B. Riley reiterated a “buy” rating and issued a $6,700.00 price target (up from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Cantor Fitzgerald lowered their price target on Booking from $5,660.00 to $5,590.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 22nd. Citigroup increased their target price on Booking from $5,560.00 to $6,500.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. BTIG Research restated a “buy” rating and set a $6,250.00 target price on shares of Booking in a report on Wednesday, October 8th. Finally, Truist Financial increased their target price on Booking from $4,720.00 to $5,630.00 and gave the stock a “hold” rating in a report on Monday, July 14th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6,010.41.

Insider Activity at Booking

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

Booking Stock Up 1.0%

Shares of BKNG opened at $5,146.16 on Monday. The stock’s fifty day simple moving average is $5,432.78 and its 200-day simple moving average is $5,374.01. The firm has a market capitalization of $166.79 billion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35. Booking Holdings Inc. has a 12-month low of $4,096.23 and a 12-month high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) 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 firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current year.

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.