Optimum Investment Advisors Has $521,000 Holdings in Booking Holdings Inc. $BKNG

Optimum Investment Advisors lessened its stake in Booking Holdings Inc. (NASDAQ:BKNG) by 10.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90 shares of the business services provider’s stock after selling 10 shares during the quarter. Optimum Investment Advisors’ holdings in Booking were worth $521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKNG. Wealth Preservation Advisors LLC acquired a new position in Booking in the first quarter valued at about $28,000. Atwood & Palmer Inc. acquired a new position in Booking in the second quarter valued at about $29,000. Keystone Global Partners LLC acquired a new position in Booking in the first quarter valued at about $32,000. O Brien Wealth Partners LLC bought a new position in Booking in the second quarter valued at about $35,000. Finally, First PREMIER Bank grew its position in Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 3 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Up 1.0%

NASDAQ:BKNG opened at $5,146.16 on Friday. The stock has a market cap of $166.79 billion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35. The stock’s 50-day moving average is $5,432.78 and its 200-day moving average is $5,368.74. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping the consensus estimate of $50.32 by $5.08. The company 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 business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Wall Street Analyst Weigh In

BKNG has been the topic of a number of recent analyst reports. Erste Group Bank upgraded Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Citigroup lifted their target price on Booking from $5,560.00 to $6,500.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Bank of America lifted their target price on Booking from $5,820.00 to $5,850.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Benchmark reiterated a “buy” rating and issued a $6,200.00 target price (up previously from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Morgan Stanley set a $5,650.00 target price on Booking and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $6,010.41.

Insider Transactions at Booking

In related news, Director Larry Quinlan sold 64 shares of Booking stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total value of $352,755.20. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn D. Fogel sold 625 shares of Booking stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the completion of the transaction, the chief executive officer directly owned 22,982 shares in the company, valued at approximately $118,162,642.46. This represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,197 shares of company stock worth $17,260,963. Insiders own 0.16% of the company’s stock.

Booking 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.