Booking Holdings Inc. $BKNG Stock: Provenance Wealth Advisors LLC Grows Position

Provenance Wealth Advisors LLC boosted its position in Booking Holdings Inc. (NASDAQ:BKNG) by 17,224.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,331 shares of the business services provider’s stock after purchasing an additional 4,306 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in Booking were worth $706,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mill Capital Management LLC lifted its stake in Booking by 1.1% in the 1st quarter. Mill Capital Management LLC now owns 5,721 shares of the business services provider’s stock worth $24,087,000 after purchasing an additional 65 shares in the last quarter. Van Diest Capital LLC grew its position in shares of Booking by 30.1% in the first quarter. Van Diest Capital LLC now owns 281 shares of the business services provider’s stock valued at $1,185,000 after purchasing an additional 65 shares in the last quarter. Garrett Wealth Advisory Group LLC increased its holdings in shares of Booking by 2.5% in the third quarter. Garrett Wealth Advisory Group LLC now owns 2,667 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 65 shares during the last quarter. Adelphi Trust Co increased its holdings in shares of Booking by 0.7% in the third quarter. Adelphi Trust Co now owns 9,660 shares of the business services provider’s stock valued at $1,574,000 after purchasing an additional 67 shares during the last quarter. Finally, Allen Capital Group LLC increased its holdings in shares of Booking by 11.0% in the first quarter. Allen Capital Group LLC now owns 697 shares of the business services provider’s stock valued at $2,934,000 after purchasing an additional 69 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Booking news, Director Vanessa Wittman sold 375 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $211.00, for a total value of $79,125.00. Following the sale, the director owned 16,133 shares of the company’s stock, valued at $3,404,063. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total value of $4,220,600.00. Following the transaction, the chief financial officer owned 59,794 shares in the company, valued at $12,618,327.82. This trade represents a 25.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 77,425 shares of company stock worth $16,004,164 in the last three months. 0.17% of the stock is currently owned by corporate insiders.

Booking Price Performance

Shares of BKNG stock opened at $170.97 on Thursday. The firm has a market cap of $128.46 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 0.97 and a beta of 1.17. The company has a 50-day moving average of $168.13 and a two-hundred day moving average of $176.51. Booking Holdings Inc. has a 1-year low of $146.28 and a 1-year high of $220.81.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $4.66 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.17. The business had revenue of $9.79 billion during the quarter, compared to analysts’ expectations of $9.55 billion. Booking had a net margin of 25.52% and a negative return on equity of 95.02%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the business earned $99.50 earnings per share. Sell-side analysts anticipate that Booking Holdings Inc. will post 10.48 EPS for the current fiscal year.

Trending Headlines about Booking

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Third-quarter adjusted EPS of $4.66 beat expectations. Room nights grew 7%, and gross bookings and adjusted revenue also increased, indicating underlying travel activity remained healthy. Booking Holdings Q3 Earnings Beat on Travel Growth, Revenues Miss
• Positive Sentiment: The stock’s recovery after an initial post-earnings decline indicates investors may have already priced in a weak report and are giving weight to the earnings beat and travel-volume growth. Booking Holdings earnings analysis: questions answered and next catalysts
• Neutral Sentiment: Several analysts lowered price targets after the results, but many maintained Buy, Outperform or Overweight ratings. This reflects reduced near-term expectations rather than a broad shift to bearish recommendations. These Analysts Slash Their Forecasts On Booking Holdings Following Q3 Results
• Negative Sentiment: Reported revenue missed estimates and fell year over year, partly due to an approximately $900 million revenue impact tied to FTC action. The company also cautioned that travel-demand growth is likely to moderate in Q4, with international demand pressured by geopolitical turmoil and higher airfares. Booking Holdings takes $900 million hit to quarterly revenue linked to FTC action

Analysts Set New Price Targets

BKNG has been the topic of a number of recent research reports. Oppenheimer reissued an “outperform” rating and set a $240.00 price objective (up from $215.00) on shares of Booking in a research note on Wednesday, August 5th. Melius Research set a $225.00 target price on Booking in a report on Tuesday, October 20th. UBS Group cut their target price on Booking from $274.00 to $265.00 and set a “buy” rating for the company in a research note on Tuesday. BMO Capital Markets reiterated an “outperform” rating and set a $245.00 price target on shares of Booking in a report on Wednesday. Finally, B. Riley Financial reduced their price target on Booking from $274.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $222.35.

Booking Profile

Booking Holdings Inc is a global online travel and restaurant-reservation company that connects consumers with travel providers through digital platforms and mobile applications. Its services include accommodations, flights, rental cars, cruises, vacation packages, restaurant reservations and other travel-related offerings.

The company operates a portfolio of well-known brands, including Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and Kayak-associated travel services.