Bartlett & CO. Wealth Management LLC Has $68.61 Million Holdings in Booking Holdings Inc. $BKNG

Bartlett & CO. Wealth Management LLC boosted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2,391.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,295 shares of the business services provider’s stock after purchasing an additional 15,641 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Booking were worth $68,607,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Life Cycle Investment Partners Ltd acquired a new stake in shares of Booking during the 4th quarter worth approximately $361,463,000. Rit Capital Partners PLC acquired a new position in Booking during the fourth quarter valued at approximately $51,396,000. Cardano Risk Management B.V. raised its position in Booking by 862.0% during the fourth quarter. Cardano Risk Management B.V. now owns 218,080 shares of the business services provider’s stock valued at $1,167,890,000 after purchasing an additional 195,411 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Booking during the fourth quarter worth $210,352,000. Finally, Rathbones Group PLC boosted its holdings in shares of Booking by 20.5% in the 4th quarter. Rathbones Group PLC now owns 64,908 shares of the business services provider’s stock valued at $347,604,000 after purchasing an additional 11,042 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Trending Headlines about Booking

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Wedbush initiated coverage on Booking Holdings with an “outperform” rating and a $211 price target, implying meaningful upside from current levels and suggesting Wall Street still sees room for the stock to recover. Wedbush initiates coverage on Booking
• Neutral Sentiment: Erste Group slightly lowered its FY2026 EPS estimate for Booking to $10.39 from $10.42, a small reduction but still close to the consensus estimate of $10.43, so the change was not a major earnings shock.
• Negative Sentiment: Recent articles noted that Booking fell more than the broader market, indicating traders were selling the stock alongside a weaker tape and possibly taking profits after its strong run. Why Booking Holdings fell more than broader market

Analyst Ratings Changes

Several brokerages have recently issued reports on BKNG. Sanford C. Bernstein reiterated a “market perform” rating on shares of Booking in a research note on Thursday, June 11th. Wedbush initiated coverage on Booking in a research report on Thursday. They set an “outperform” rating and a $211.00 price objective for the company. Wells Fargo & Company set a $214.00 price objective on Booking and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $175.00 target price (down from $180.00) on shares of Booking in a research report on Wednesday, April 29th. Finally, BMO Capital Markets lowered their target price on Booking from $248.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $227.29.

Insider Buying and Selling

In other news, VP Peter J. Millones sold 62,500 shares of Booking stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the sale, the vice president directly owned 425,075 shares of the company’s stock, valued at approximately $69,572,025.25. This trade represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.16% of the company’s stock.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $181.68 on Friday. The company has a fifty day moving average of $169.88 and a 200-day moving average of $179.23. The company has a market capitalization of $140.78 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.10 and a beta of 1.07. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $231.80.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Booking had a negative return on equity of 117.14% and a net margin of 22.23%.The company had revenue of $5.53 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same period in the prior year, the company earned $0.99 EPS. Booking’s revenue was up 16.2% compared to the same quarter last year. On average, equities analysts forecast that Booking Holdings Inc. will post 10.43 EPS for the current fiscal year.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were given a $0.42 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.68 annualized dividend and a yield of 0.9%. Booking’s dividend payout ratio (DPR) is currently 22.11%.

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.