OVERSEA CHINESE BANKING Corp Ltd Lowers Stake in Booking Holdings Inc. $BKNG

OVERSEA CHINESE BANKING Corp Ltd reduced its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,014 shares of the business services provider’s stock after selling 140 shares during the period. Booking accounts for about 1.7% of OVERSEA CHINESE BANKING Corp Ltd’s investment portfolio, making the stock its 12th largest holding. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Booking were worth $63,762,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BKNG. Wealth Preservation Advisors LLC purchased a new position in Booking during the 1st quarter valued at about $28,000. Atwood & Palmer Inc. purchased a new position in Booking during the 2nd quarter valued at about $29,000. Keystone Global Partners LLC purchased a new position in Booking during the 1st quarter valued at about $32,000. O Brien Wealth Partners LLC purchased a new position in Booking during the 2nd quarter valued at about $35,000. Finally, First PREMIER Bank lifted its position in 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 acquiring an additional 3 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

Booking Stock Up 1.0%

Shares of BKNG stock opened at $5,146.16 on Monday. The company has a 50 day moving average price of $5,432.78 and a 200-day moving average price of $5,374.01. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The firm has a market capitalization of $166.79 billion, a PE ratio of 35.79, a P/E/G ratio of 1.59 and a beta of 1.35.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping analysts’ consensus estimates of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. During the same period in the previous year, the business posted $41.90 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Analysts anticipate that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BKNG has been the subject of a number of analyst reports. Wedbush restated a “neutral” rating and set a $5,900.00 price objective on shares of Booking in a research note on Wednesday, July 30th. Wells Fargo & Company raised their price objective on shares of Booking from $5,418.00 to $5,443.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Hsbc Global Res upgraded shares of Booking to a “strong-buy” rating in a research note on Thursday, July 17th. Royal Bank Of Canada raised their price objective on shares of Booking from $5,900.00 to $6,100.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, Truist Financial raised their price objective on shares of Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a research note on Monday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6,010.41.

Insider Transactions at Booking

In related news, Director Vanessa Ames Wittman sold 15 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director directly owned 732 shares in the company, valued at approximately $3,873,729.36. The trade was a 2.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Larry Quinlan sold 64 shares of the business’s stock in a transaction that occurred on 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 owned 131 shares of the company’s stock, valued at $722,045.80. This trade represents a 32.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,197 shares of company stock worth $17,260,963 over the last three months. 0.16% of the stock is currently owned by company insiders.

About Booking

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.