Triavera Capital LLC Sells 204 Shares of Booking Holdings Inc. $BKNG

Triavera Capital LLC trimmed its position in Booking Holdings Inc. (NASDAQ:BKNG) by 8.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,258 shares of the business services provider’s stock after selling 204 shares during the period. Booking comprises approximately 6.9% of Triavera Capital LLC’s holdings, making the stock its 4th largest holding. Triavera Capital LLC’s holdings in Booking were worth $13,072,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new position in Booking in the 1st quarter worth approximately $28,000. Atwood & Palmer Inc. purchased a new stake in shares of Booking in the second quarter valued at $29,000. Westside Investment Management Inc. boosted its position in shares of Booking by 400.0% in the second quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock worth $29,000 after buying an additional 4 shares during the period. Keystone Global Partners LLC purchased a new position in shares of Booking during the first quarter valued at $32,000. Finally, O Brien Wealth Partners LLC acquired a new position in Booking during the second quarter valued at $35,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BKNG shares. The Goldman Sachs Group raised their price objective on Booking from $5,640.00 to $6,050.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $6,150.00 price target on shares of Booking in a research report on Wednesday, October 29th. Bank of America raised shares of Booking from a “neutral” rating to a “buy” rating and set a $6,000.00 price objective on the stock in a research report on Monday, November 24th. Erste Group Bank upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, Cantor Fitzgerald decreased their target price on shares of Booking from $5,590.00 to $5,550.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $6,141.52.

Booking Stock Performance

Shares of BKNG opened at $5,135.07 on Wednesday. The firm has a market cap of $165.50 billion, a PE ratio of 33.37, a PEG ratio of 1.23 and a beta of 1.25. The firm’s 50 day moving average price is $5,104.89 and its 200 day moving average price is $5,388.17. Booking Holdings Inc. has a twelve month low of $4,096.23 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG) last posted its earnings results on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, topping the consensus estimate of $95.56 by $3.94. The company had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $83.39 earnings per share. On average, sell-side analysts anticipate that Booking Holdings Inc. will post 209.92 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, December 31st. Stockholders of record on Friday, December 5th will be issued a dividend of $9.60 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. Booking’s dividend payout ratio is currently 24.96%.

Insider Buying and Selling

In other news, CEO Glenn D. Fogel sold 1,013 shares of Booking 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 value of $5,588,639.96. Following the transaction, the chief executive officer owned 23,607 shares of the company’s stock, valued at $130,237,930.44. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paulo Pisano sold 200 shares of Booking stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the insider owned 1,514 shares in the company, valued at $7,570,000. This trade represents a 11.67% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,452 shares of company stock worth $17,987,397. 0.16% of the stock is currently owned by company insiders.

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.