Envestnet Asset Management Inc. Buys 1,395,922 Shares of Booking Holdings Inc. $BKNG

Key Points

• Envestnet Asset Management increased its Booking Holdings position by 1.4 million shares, a 2,737.9% rise, bringing its total holdings to approximately $280 million. Institutional investors now own 92.42% of BKNG.
• Booking reported quarterly revenue of $7.35 billion and adjusted earnings of $2.54 per share, exceeding analyst expectations; revenue rose 8.1% year over year. The company also declared a quarterly dividend of $0.42 per share.
• BKNG shares traded at $155.90 after falling 5.1%, although analysts maintained a “Moderate Buy” consensus with an average price target of $236.98. Recent weakness reflects concerns about AI travel agents potentially bypassing online travel platforms.

Envestnet Asset Management Inc. boosted its position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2,737.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,446,908 shares of the business services provider's stock after buying an additional 1,395,922 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.19% of Booking worth $280,008,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of Booking by 1,615.6% in the second quarter. Allworth Financial LP now owns 13,931 shares of the business services provider's stock valued at $2,483,000 after purchasing an additional 13,119 shares during the last quarter. B. Metzler seel. Sohn & Co. AG bought a new position in Booking in the second quarter valued at $11,687,000. MBM Wealth Consultants LLC grew its position in Booking by 2,860.8% in the second quarter. MBM Wealth Consultants LLC now owns 12,554 shares of the business services provider's stock valued at $2,238,000 after purchasing an additional 12,130 shares in the last quarter. Merit Financial Group LLC increased its stake in Booking by 1,663.9% in the 2nd quarter. Merit Financial Group LLC now owns 28,698 shares of the business services provider's stock valued at $5,115,000 after buying an additional 27,071 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Booking by 2,643.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 527,425 shares of the business services provider's stock valued at $94,008,000 after buying an additional 508,197 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Trading Down 5.1%

BKNG opened at $155.90 on Thursday. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $225.00. The stock's fifty day simple moving average is $192.38 and its 200 day simple moving average is $179.07. The stock has a market cap of $117.14 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.02 and a beta of 1.07.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The business services provider reported $2.54 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.11. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The firm had revenue of $7.35 billion during the quarter, compared to analysts' expectations of $7.19 billion. During the same period in the previous year, the business posted $55.40 earnings per share. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts forecast that Booking Holdings Inc. will post 10.48 earnings per share for the current year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a $0.42 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 1.1%. Booking's dividend payout ratio is 18.58%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Jefferies Financial Group raised their price objective on Booking from $180.00 to $190.00 and gave the company a "hold" rating in a report on Tuesday, July 14th. Susquehanna reissued a "positive" rating and set a $240.00 price target on shares of Booking in a research report on Thursday, August 6th. TD Cowen upgraded Booking to a "strong-buy" rating in a research note on Monday, September 14th. Rosenblatt Securities initiated coverage on Booking in a research report on Tuesday, September 1st. They set a "buy" rating and a $245.00 price target on the stock. Finally, Evercore reiterated an "outperform" rating and set a $270.00 price objective on shares of Booking in a research note on Monday, August 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $236.98.

More Booking News

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Booking’s long-term investment case remains supported by expected growth in global travel demand and its established portfolio of brands, including Booking.com and Priceline. The company’s scale, customer base and broad lodging inventory could help it continue benefiting from travel expansion. Booking Holdings Is Positioned to Benefit From Long-Term Travel Growth
• Neutral Sentiment: Erste Group slightly reduced its fiscal 2027 EPS forecast for Booking to $12.33 from $12.36. Although the adjustment is minor, it reflects limited near-term earnings momentum; the broader consensus estimate for the current fiscal year is $10.48 per share. Booking Holdings Analyst Estimate Update
• Negative Sentiment: The primary catalyst for the selloff is concern that Meta Platforms’ Muse personal AI agent could allow travelers to search and book trips directly, bypassing online travel aggregators. That threatens Booking’s customer-acquisition economics, traffic, commissions and long-term competitive position. Expedia and Airbnb also declined, suggesting the market is repricing the entire travel-booking business model. Travel Booking Stocks Tumble as Muse Threatens to Bypass Them
• Negative Sentiment: BKNG has declined about 18.6% during September, putting it on track for its weakest month since June 2022. Reports also highlight concerns about AI agents and competition involving Etraveli, reinforcing fears that structural disruption—not merely short-term market volatility—is weighing on the shares. Booking Holdings Eyes Worst Month Since June 2022

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 3,000 shares of the business's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $203.48, for a total transaction of $610,440.00. Following the completion of the sale, the insider owned 73,400 shares in the company, valued at $14,935,432. The trade was a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Wittman sold 1,125 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the transaction, the director directly owned 16,508 shares in the company, valued at $3,169,536. The trade was a 6.38% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 83,050 shares of company stock worth $17,182,274. 0.17% of the stock is currently owned by insiders.

Booking Company Profile

Booking Holdings Inc is a global provider of online travel and related services. The company connects consumers with accommodations, flights, rental cars, restaurants and travel experiences through a portfolio of digital brands and websites.

Its principal brands include Booking.com, which offers lodging, transportation and travel experiences; Priceline, which provides online booking services for hotels, flights, rental cars and vacation packages; Agoda, which focuses primarily on travel bookings in Asia and other international markets; KAYAK, a travel metasearch engine; OpenTable, a restaurant reservation and management platform; and Rentalcars.com, a global car rental service.

Booking Holdings serves customers, travel providers and restaurants across numerous countries and regions, with a particularly extensive international presence.

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