Alphinity Investment Management Pty Ltd Has $335.38 Million Stock Holdings in Booking Holdings Inc. $BKNG

Alphinity Investment Management Pty Ltd cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 12.9% in the third quarter, Holdings Channel reports. The institutional investor owned 62,115 shares of the business services provider’s stock after selling 9,176 shares during the quarter. Booking accounts for about 3.3% of Alphinity Investment Management Pty Ltd’s portfolio, making the stock its 20th biggest holding. Alphinity Investment Management Pty Ltd’s holdings in Booking were worth $335,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BKNG. Geode Capital Management LLC boosted its holdings in Booking by 1.1% during the second quarter. Geode Capital Management LLC now owns 854,838 shares of the business services provider’s stock valued at $4,936,132,000 after purchasing an additional 9,333 shares in the last quarter. Norges Bank acquired a new position in shares of Booking during the second quarter worth approximately $2,210,917,000. Invesco Ltd. boosted its position in Booking by 6.8% in the 2nd quarter. Invesco Ltd. now owns 379,583 shares of the business services provider’s stock valued at $2,197,495,000 after buying an additional 24,030 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Booking by 4.9% in the second quarter. Schroder Investment Management Group now owns 377,198 shares of the business services provider’s stock valued at $2,183,690,000 after acquiring an additional 17,662 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its stake in shares of Booking by 578,824.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 289,462 shares of the business services provider’s stock valued at $1,675,765,000 after purchasing an additional 289,412 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Bank of America raised Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 target price on the stock in a research note on Monday, November 24th. Jefferies Financial Group lowered their price objective on shares of Booking from $5,800.00 to $5,600.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. Wells Fargo & Company boosted their price objective on shares of Booking from $5,523.00 to $5,954.00 and gave the company an “equal weight” rating in a research report on Friday, January 9th. Gordon Haskett upped their target price on shares of Booking from $5,620.00 to $5,710.00 and gave the stock a “hold” rating in a research note on Wednesday, December 10th. Finally, DA Davidson lifted their price target on Booking from $6,500.00 to $6,600.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Twenty-seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6,180.00.

More Booking News

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Zacks argues BKNG is technically oversold after an ~18.4% pullback over four weeks and highlights upward revisions to earnings estimates, framing a potential near‑term reversal and buy‑the‑dip opportunity. Zacks Buy-the-Dip
• Positive Sentiment: Brokerage consensus remains constructive — coverage shows a “Moderate Buy” consensus, which supports investor conviction that upside exists versus recent weakness. Consensus Moderate Buy
• Positive Sentiment: Independent writeups laying out a bull case for BKNG (coverage on Yahoo/others) add to the narrative that the pullback may be a buying opportunity for longer‑term investors. Yahoo Bull Case
• Neutral Sentiment: Wedbush cut its price target from $6,000 to $5,500 but retained an “outperform” rating — still implies material upside from current levels, though the cut signals more conservative near‑term expectations. Wedbush PT Cut
• Neutral Sentiment: A short‑interest update appears inconsistent/erroneous (reports of a “significant increase” but showing zero shares/NaN). Given the data issues, it’s unlikely to be an immediate trading driver until clarified.
• Negative Sentiment: MarketWatch flagged that BKNG underperformed peers on Thursday, which underscores sector/stock‑specific weakness that can pressure the share price if it continues. MarketWatch Underperformance
• Negative Sentiment: Citizens issued a downgrade on BKNG, adding downside sentiment from at least one retail/institutional watcher and increasing short‑term selling pressure risk. Citizens Downgrade

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 953 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $5,181.34, for a total transaction of $4,937,817.02. Following the sale, the chief executive officer owned 19,615 shares in the company, valued at $101,631,984.10. This represents a 4.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $5,191.15, for a total value of $77,867.25. Following the completion of the sale, the director directly owned 687 shares of the company’s stock, valued at approximately $3,566,320.05. The trade was a 2.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,124 shares of company stock valued at $16,194,538. Insiders own 0.16% of the company’s stock.

Booking Price Performance

Booking stock opened at $4,457.17 on Friday. The company has a market cap of $143.67 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 0.96 and a beta of 1.21. The firm has a 50-day moving average of $5,202.79 and a 200-day moving average of $5,279.21. Booking Holdings Inc. has a one year low of $4,096.23 and a one year high of $5,839.41.

About Booking

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.