PKO Investment Management Joint Stock Co Boosts Stake in Booking Holdings Inc. $BKNG

PKO Investment Management Joint Stock Co raised its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 40.0% during the second quarter, Holdings Channel.com reports. The firm owned 700 shares of the business services provider’s stock after purchasing an additional 200 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Booking were worth $4,052,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on BKNG. Citigroup raised their price objective on Booking from $5,560.00 to $6,500.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. KeyCorp began coverage on Booking in a report on Wednesday. They issued an “overweight” rating and a $6,450.00 target price on the stock. Truist Financial raised their price objective on Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a research report on Monday, July 14th. Morgan Stanley set a $5,650.00 target price on Booking and gave the stock an “equal weight” rating in a research report on Wednesday, July 30th. Finally, BTIG Research reaffirmed a “buy” rating and set a $6,250.00 target price on shares of Booking in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $6,010.41.

Booking Stock Up 1.0%

Shares of Booking stock opened at $5,146.16 on Friday. The stock has a market cap of $166.79 billion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 1.58 and a beta of 1.35. The business has a fifty day simple moving average of $5,432.78 and a 200-day simple moving average of $5,360.44. Booking Holdings Inc. has a 12 month low of $4,096.23 and a 12 month high of $5,839.41.

Booking (NASDAQ:BKNG) last issued its quarterly 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 firm had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Insider Activity

In related news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,291.98, for a total value of $79,379.70. Following the completion of the transaction, the director directly owned 732 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, Director Larry Quinlan sold 64 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the transaction, the director owned 131 shares of the company’s stock, valued at approximately $722,045.80. This represents a 32.82% 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 valued at $17,260,963. Company insiders own 0.16% of the company’s stock.

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.