Booking Holdings Inc. $BKNG Shares Acquired by AlTi Global Inc.

AlTi Global Inc. grew its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 433.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,423 shares of the business services provider’s stock after acquiring an additional 1,156 shares during the quarter. AlTi Global Inc.’s holdings in Booking were worth $8,222,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in Booking by 1,411.9% in the 1st quarter. Pacer Advisors Inc. now owns 112,201 shares of the business services provider’s stock worth $516,900,000 after buying an additional 104,780 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Booking by 79.4% during the first quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock valued at $695,259,000 after purchasing an additional 68,243 shares during the period. TD Asset Management Inc raised its stake in shares of Booking by 182.2% during the first quarter. TD Asset Management Inc now owns 104,643 shares of the business services provider’s stock valued at $482,081,000 after purchasing an additional 67,562 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Booking by 27.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,515 shares of the business services provider’s stock worth $836,223,000 after purchasing an additional 39,523 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Booking by 19.7% in the first quarter. Goldman Sachs Group Inc. now owns 213,529 shares of the business services provider’s stock worth $983,707,000 after purchasing an additional 35,171 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

BKNG has been the topic of a number of recent analyst reports. Cantor Fitzgerald dropped their price target on shares of Booking from $5,660.00 to $5,590.00 and set a “neutral” rating on the stock in a research report on Wednesday. Wedbush reiterated a “neutral” rating and set a $5,900.00 price target on shares of Booking in a research report on Wednesday, July 30th. Barclays upped their price objective on Booking from $5,700.00 to $6,000.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. BMO Capital Markets reissued an “outperform” rating and set a $6,000.00 target price (up from $5,700.00) on shares of Booking in a research note on Wednesday, July 30th. Finally, Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $5,994.00.

Insiders Place Their Bets

In other news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the transaction, the director owned 732 shares in the company, valued at $3,873,729.36. This represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Glenn D. Fogel sold 625 shares of the firm’s 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 transaction of $3,213,456.25. Following the sale, the chief executive officer owned 22,982 shares of the company’s stock, 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. In the last ninety days, insiders sold 3,197 shares of company stock worth $17,260,963. 0.16% of the stock is currently owned by company insiders.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $5,093.47 on Friday. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41. The company has a market cap of $165.08 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 1.62 and a beta of 1.35. The firm has a 50 day simple moving average of $5,438.95 and a 200 day simple moving average of $5,353.66.

Booking (NASDAQ:BKNG) last announced its 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 company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business earned $41.90 EPS. Booking has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

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.