Asset Management One Co. Ltd. Decreases Stock Position in Booking Holdings Inc. $BKNG

Key Points

• Asset Management One Co. Ltd. reduced its stake in Booking Holdings Inc. by 0.7%, owning 17,684 shares valued at approximately $102.4 million as of the latest SEC filing.
• CEO Glenn D. Fogel sold 625 shares of Booking stock, totaling over $3.2 million, representing a 2.65% decrease in his ownership.
• Booking's stock recently dropped 2.6% and analysts have a positive outlook, with several raising their price targets, including Susquehanna, which increased its target from $6,000 to $6,500.

Asset Management One Co. Ltd. lessened its position in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,684 shares of the business services provider's stock after selling 131 shares during the quarter. Asset Management One Co. Ltd. owned about 0.05% of Booking worth $102,377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fidelis Capital Partners LLC lifted its position in shares of Booking by 1.2% in the first quarter. Fidelis Capital Partners LLC now owns 167 shares of the business services provider's stock valued at $809,000 after acquiring an additional 2 shares in the last quarter. WNY Asset Management LLC lifted its position in shares of Booking by 3.7% in the first quarter. WNY Asset Management LLC now owns 56 shares of the business services provider's stock valued at $258,000 after acquiring an additional 2 shares in the last quarter. Gries Financial LLC lifted its position in shares of Booking by 1.6% in the first quarter. Gries Financial LLC now owns 125 shares of the business services provider's stock valued at $576,000 after acquiring an additional 2 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in shares of Booking by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider's stock valued at $1,854,000 after acquiring an additional 2 shares in the last quarter. Finally, Nicolet Advisory Services LLC lifted its position in shares of Booking by 0.8% in the first quarter. Nicolet Advisory Services LLC now owns 238 shares of the business services provider's stock valued at $1,070,000 after acquiring an additional 2 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 625 shares of Booking stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the sale, the chief executive officer owned 22,982 shares in the company, valued at $118,162,642.46. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of Booking 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 sale, the director owned 732 shares in the company, valued at $3,873,729.36. This represents a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,197 shares of company stock worth $17,260,963 over the last quarter. 0.16% of the stock is currently owned by company insiders.

Booking Stock Down 2.6%

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 capitalization of $165.08 billion, a P/E ratio of 35.42, a P/E/G ratio of 1.62 and a beta of 1.35. The stock's fifty day moving average is $5,438.95 and its two-hundred day moving average is $5,353.66.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on BKNG shares. Susquehanna raised their target price on Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Hsbc Global Res upgraded Booking to a "strong-buy" rating in a research report on Thursday, July 17th. B. Riley reiterated a "buy" rating and set a $6,700.00 price objective (up previously from $6,100.00) on shares of Booking in a research report on Wednesday, July 30th. Piper Sandler reiterated a "neutral" rating and set a $5,750.00 price objective (up previously from $5,077.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, UBS Group lifted their price objective on Booking from $5,750.00 to $6,300.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $5,994.00.

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.

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