State of New Jersey Common Pension Fund D Decreases Stock Holdings in Booking Holdings Inc. $BKNG

State of New Jersey Common Pension Fund D lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,123 shares of the business services provider’s stock after selling 33 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Booking were worth $64,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. boosted its holdings in Booking by 18.6% during the second 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 in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Booking by 20.0% during the second 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 in the last quarter. Vest Financial LLC lifted its holdings in shares of Booking by 0.7% in the second quarter. Vest Financial LLC now owns 9,090 shares of the business services provider’s stock valued at $52,624,000 after purchasing an additional 61 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Booking by 9.5% in the second quarter. Nordea Investment Management AB now owns 226,608 shares of the business services provider’s stock valued at $1,297,331,000 after purchasing an additional 19,578 shares in the last quarter. Finally, NorthRock Partners LLC lifted its holdings in shares of Booking by 12.8% in the second quarter. NorthRock Partners LLC now owns 494 shares of the business services provider’s stock valued at $2,860,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling

In related news, Director Larry Quinlan sold 64 shares of the company’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 completion of 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This trade represents a 4.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,197 shares of company stock valued at $17,260,963. Insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BKNG. BTIG Research reaffirmed a “buy” rating and issued a $6,250.00 price target on shares of Booking in a report on Wednesday, October 8th. DA Davidson upped their price target on shares of Booking from $5,750.00 to $6,500.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Truist Financial upped their price target on shares of Booking from $4,720.00 to $5,630.00 and gave the company a “hold” rating in a report on Monday, July 14th. UBS Group upped their price target on shares of Booking from $6,363.00 to $6,743.00 and gave the company a “buy” rating in a report on Friday. Finally, Royal Bank Of Canada upped 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6,010.41.

Booking Stock Performance

Shares of BKNG opened at $5,146.16 on Friday. The company has a market capitalization of $166.79 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 1.58 and a beta of 1.35. The company’s 50 day simple moving average is $5,432.78 and its 200 day simple moving average is $5,360.44. 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 issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $41.90 earnings per share. Booking’s revenue for the quarter was up 16.0% compared to the same quarter last year. Booking has set its Q3 2025 guidance at EPS. Equities analysts expect that Booking Holdings Inc. will post 209.92 EPS for the current fiscal 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.