Bristlecone Advisors LLC Trims Stock Position in Booking Holdings Inc. $BKNG

Bristlecone Advisors LLC reduced its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 780 shares of the business services provider’s stock after selling 55 shares during the quarter. Bristlecone Advisors LLC’s holdings in Booking were worth $4,516,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new position in Booking during the 2nd quarter valued at $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of Booking during the 1st quarter valued at $28,000. O Brien Wealth Partners LLC bought a new stake in shares of Booking during the 2nd quarter valued at $35,000. First PREMIER Bank boosted its holdings in shares of Booking by 100.0% during the 2nd quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after buying an additional 3 shares in the last quarter. Finally, Keystone Global Partners LLC bought a new stake in shares of Booking during the 1st quarter valued at $32,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Booking

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were 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 $722,045.80. The trade was a 32.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,197 shares of company stock worth $17,260,963. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

BKNG has been the topic of a number of research reports. DA Davidson boosted their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the company a “buy” rating in a report on Thursday, July 31st. UBS Group boosted their target price on shares of Booking from $6,363.00 to $6,743.00 and gave the company a “buy” rating in a report on Friday, October 24th. B. Riley restated a “buy” rating and set a $6,700.00 target price (up previously from $6,100.00) on shares of Booking in a report on Wednesday, July 30th. Evercore ISI boosted their target price 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. Finally, Piper Sandler restated a “neutral” rating and set a $5,750.00 target price (up previously from $5,077.00) on shares of Booking in a report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $6,011.82.

Booking Stock Performance

BKNG opened at $5,120.57 on Wednesday. The stock has a market capitalization of $165.96 billion, a P/E ratio of 35.61, a P/E/G ratio of 1.63 and a beta of 1.35. The company’s 50-day simple moving average is $5,417.96 and its two-hundred day simple moving average is $5,382.85. Booking Holdings Inc. has a 52-week low of $4,096.23 and a 52-week high of $5,839.41.

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