Sumitomo Mitsui Trust Group Inc. Raises Position in Booking Holdings Inc. $BKNG

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its stake in Booking Holdings Inc. by 2.5%, owning approximately 106,178 shares valued at $614.69 million by the end of the most recent quarter.
• Booking Holdings reported earnings of $55.40 per share for the quarter, significantly exceeding analyst estimates of $50.32, with revenues of $6.80 billion.
• Several research firms have maintained positive ratings for Booking, with BTIG Research setting a price target of $6,250.00, while UBS raised their target to $6,300.00.

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 106,178 shares of the business services provider's stock after purchasing an additional 2,593 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.33% of Booking worth $614,690,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in shares of Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after buying an additional 65 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Booking during the 4th quarter worth $209,000. GAMMA Investing LLC increased its holdings in shares of Booking by 13.2% during the 1st quarter. GAMMA Investing LLC now owns 513 shares of the business services provider's stock worth $2,363,000 after buying an additional 60 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Booking by 57.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 221 shares of the business services provider's stock worth $1,018,000 after buying an additional 81 shares during the last quarter. Finally, Legacy Advisors LLC increased its holdings in shares of Booking by 13.1% during the 1st quarter. Legacy Advisors LLC now owns 95 shares of the business services provider's stock worth $438,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company's stock.

Booking Price Performance

NASDAQ:BKNG opened at $5,135.57 on Friday. The firm has a 50-day moving average of $5,438.95 and a two-hundred day moving average of $5,353.66. The stock has a market cap of $166.44 billion, a P/E ratio of 35.72, a PEG ratio of 1.62 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.

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

Insider Buying and Selling at Booking

In other Booking news, Director Larry Quinlan sold 64 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total value of $352,755.20. Following the completion of the transaction, the director directly owned 131 shares of the company's stock, valued at $722,045.80. This represents a 32.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total transaction of $79,379.70. Following the transaction, the director directly owned 732 shares in the company, valued at $3,873,729.36. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,197 shares of company stock valued at $17,260,963 in the last ninety days. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BKNG. BTIG Research restated a "buy" rating and set a $6,250.00 price objective on shares of Booking in a report on Wednesday, October 8th. BMO Capital Markets reiterated an "outperform" rating and issued a $6,000.00 price target (up from $5,700.00) on shares of Booking in a report on Wednesday, July 30th. Morgan Stanley set a $5,650.00 price target on Booking and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Wedbush reiterated a "neutral" rating and issued a $5,900.00 price target on shares of Booking in a report on Wednesday, July 30th. Finally, UBS Group increased their price target on Booking from $5,750.00 to $6,300.00 and gave the company a "buy" rating in a report on Monday, July 28th. Three 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 an average rating of "Moderate Buy" and a consensus target price of $5,994.00.

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.

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