Triavera Capital LLC Cuts Position in Booking Holdings Inc. $BKNG

Triavera Capital LLC lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 8.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,258 shares of the business services provider’s stock after selling 204 shares during the quarter. Booking makes up approximately 6.9% of Triavera Capital LLC’s holdings, making the stock its 4th largest position. Triavera Capital LLC’s holdings in Booking were worth $13,072,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Booking during the second quarter valued at $2,210,917,000. Laurel Wealth Advisors LLC lifted its position in 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. Vestor Capital LLC boosted its stake in Booking by 658,925.0% during the 2nd quarter. Vestor Capital LLC now owns 105,444 shares of the business services provider’s stock valued at $610,441,000 after purchasing an additional 105,428 shares during the period. Symphony Financial Ltd. Co. acquired a new position in Booking during the 2nd quarter valued at about $536,675,000. Finally, AQR Capital Management LLC grew its position in Booking by 79.4% in the 1st quarter. AQR Capital Management LLC now owns 154,206 shares of the business services provider’s stock worth $695,259,000 after purchasing an additional 68,243 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BKNG. Sanford C. Bernstein reiterated a “market perform” rating and set a $5,433.00 price objective on shares of Booking in a research report on Thursday, October 30th. Rothschild & Co Redburn raised their target price on Booking from $6,250.00 to $6,400.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Citigroup reiterated a “market outperform” rating on shares of Booking in a research report on Wednesday, October 29th. Mizuho set a $6,000.00 price target on Booking in a research note on Wednesday, October 29th. Finally, Benchmark raised their price target on Booking from $6,200.00 to $6,400.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6,141.52.

Booking Stock Performance

Shares of BKNG stock opened at $5,135.07 on Wednesday. Booking Holdings Inc. has a 1 year low of $4,096.23 and a 1 year high of $5,839.41. The stock has a market cap of $165.50 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 1.23 and a beta of 1.25. The business’s fifty day moving average is $5,104.89 and its 200-day moving average is $5,388.17.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 earnings per share for the quarter, beating the consensus estimate of $95.56 by $3.94. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The business had revenue of $9.01 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same quarter in the prior year, the firm posted $83.39 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. Equities research analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a dividend of $9.60 per share. The ex-dividend date is Friday, December 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking’s dividend payout ratio (DPR) is 24.96%.

Insider Buying and Selling at Booking

In related news, CEO Glenn D. Fogel sold 1,013 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $5,516.92, for a total transaction of $5,588,639.96. Following the completion of the sale, the chief executive officer directly owned 23,607 shares in the company, valued at approximately $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert J. Mylod, Jr. sold 40 shares of Booking stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director owned 960 shares in the company, valued at approximately $4,800,000. This trade represents a 4.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 3,452 shares of company stock worth $17,987,397. Company insiders own 0.16% of the company’s stock.

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.