Booking Holdings Inc. $BKNG Shares Purchased by Convergence Investment Partners LLC

Convergence Investment Partners LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 13.5% during the 2nd quarter, Holdings Channel reports. The fund owned 303 shares of the business services provider’s stock after acquiring an additional 36 shares during the quarter. Convergence Investment Partners LLC’s holdings in Booking were worth $1,754,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its position in shares of Booking by 18.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 75,534 shares of the business services provider’s stock worth $437,284,000 after buying an additional 11,829 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Booking by 20.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,052 shares of the business services provider’s stock worth $6,090,000 after buying an additional 175 shares during the last quarter. Vest Financial LLC lifted its position in shares of Booking by 0.7% during the 2nd quarter. Vest Financial LLC now owns 9,090 shares of the business services provider’s stock worth $52,624,000 after buying an additional 61 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Booking by 9.5% during the 2nd quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock worth $1,297,331,000 after buying an additional 19,578 shares during the last quarter. Finally, NorthRock Partners LLC lifted its position in shares of Booking by 12.8% during the 2nd quarter. NorthRock Partners LLC now owns 494 shares of the business services provider’s stock worth $2,860,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BKNG. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of Booking in a research report on Tuesday, October 14th. Mizuho started coverage on shares of Booking in a research report on Monday, September 29th. They set a “neutral” rating and a $5,975.00 target price on the stock. DA Davidson raised their target price on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, BTIG Research restated a “buy” rating and set a $6,250.00 target price on shares of Booking in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6,010.41.

Booking Price Performance

NASDAQ:BKNG opened at $5,146.16 on Monday. The firm has a market cap of $166.79 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35. Booking Holdings Inc. has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The firm’s fifty day moving average price is $5,432.78 and its 200 day moving average price is $5,374.01.

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

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking stock in a transaction on Monday, September 15th. The stock was sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the transaction, the chief executive officer owned 23,607 shares of the company’s stock, valued at $130,237,930.44. The trade was a 4.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Larry Quinlan sold 64 shares of Booking stock in a transaction 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. This trade represents a 32.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,197 shares of company stock valued at $17,260,963 in the last 90 days. 0.16% of the stock is currently owned by insiders.

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.