Trivium Point Advisory LLC Acquires New Position in Booking Holdings Inc. $BKNG

Trivium Point Advisory LLC acquired a new stake in Booking Holdings Inc. (NASDAQ:BKNG) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,994 shares of the business services provider’s stock, valued at approximately $534,000.

Other institutional investors also recently added to or reduced their stakes in the company. Life Cycle Investment Partners Ltd acquired a new position in shares of Booking during the 4th quarter worth $361,463,000. Merit Financial Group LLC increased its holdings in shares of 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 purchasing an additional 27,071 shares in the last quarter. Rit Capital Partners PLC acquired a new stake in shares of Booking in the fourth quarter valued at about $51,396,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Booking in the fourth quarter valued at about $210,352,000. Finally, Rathbones Group PLC boosted its holdings in Booking by 20.5% during the fourth quarter. Rathbones Group PLC now owns 64,908 shares of the business services provider’s stock worth $347,604,000 after buying an additional 11,042 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of BKNG opened at $212.06 on Monday. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $231.80. The stock has a market cap of $159.34 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. The firm has a 50 day simple moving average of $184.00 and a 200-day simple moving average of $176.65.

Booking (NASDAQ:BKNG) last posted its earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Booking had a negative return on equity of 102.96% and a net margin of 25.53%.The firm had revenue of $7.35 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the prior year, the company earned $55.40 EPS. Booking’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts expect that Booking Holdings Inc. will post 10.47 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. Booking’s payout ratio is currently 18.58%.

Analysts Set New Price Targets

Several research analysts have weighed in on BKNG shares. Wells Fargo & Company set a $220.00 target price on shares of Booking and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Robert W. Baird set a $230.00 price target on shares of Booking in a research report on Wednesday, August 5th. Argus boosted their price target on Booking from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada lowered their target price on Booking from $244.00 to $220.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $230.00 price target on shares of Booking in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.72.

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 1,125 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the sale, the director owned 16,508 shares in the company, valued at approximately $3,169,536. The trade was a 6.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total value of $10,229,375.00. Following the completion of the sale, the vice president owned 425,075 shares of the company’s stock, valued at approximately $69,572,025.25. This represents a 12.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 89,625 shares of company stock worth $15,872,675 in the last three months. 0.17% of the stock is currently owned by insiders.

Booking Company Profile

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.