Trivium Point Advisory LLC Makes New Investment in Booking Holdings Inc. $BKNG

Trivium Point Advisory LLC acquired a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,994 shares of the business services provider’s stock, valued at approximately $534,000.

A number of other hedge funds have also made changes to their positions in BKNG. Bogart Wealth LLC lifted its stake in Booking by 3,475.0% during the second quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock worth $25,000 after purchasing an additional 139 shares during the last quarter. Wilkerson Advisory Group LLC boosted its holdings in Booking by 3,550.0% in the second quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. Camelot Portfolios LLC purchased a new position in Booking in the fourth quarter valued at approximately $27,000. Osbon Capital Management LLC purchased a new position in Booking in the fourth quarter valued at approximately $27,000. Finally, First Financial Corp IN raised its holdings in Booking by 2,400.0% during the second quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock worth $27,000 after purchasing an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Buying and Selling

In related news, CFO Ewout L. Steenbergen sold 20,000 shares of Booking stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $211.03, for a total value of $4,220,600.00. Following the transaction, the chief financial officer directly owned 59,794 shares in the company, valued at $12,618,327.82. This trade represents a 25.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of Booking stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the transaction, the director owned 16,508 shares in the company, valued at approximately $3,169,536. This trade represents a 6.38% 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. In the last ninety days, insiders sold 89,625 shares of company stock worth $15,872,675. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BKNG. Benchmark boosted their price objective on shares of Booking from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Citigroup reaffirmed a “buy” rating and issued a $236.00 target price (up from $225.00) on shares of Booking in a research report on Wednesday, August 5th. Mizuho set a $240.00 price target on shares of Booking in a research note on Wednesday, August 5th. Evercore set a $245.00 price target on shares of Booking in a research report on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of Booking from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $235.72.

Booking Price Performance

NASDAQ BKNG opened at $212.06 on Monday. Booking Holdings Inc. has a 52-week low of $150.14 and a 52-week high of $231.80. The business’s 50-day moving average price is $184.00 and its 200 day moving average price is $176.65. The firm has a market cap of $159.34 billion, a P/E ratio of 23.47, a P/E/G ratio of 1.28 and a beta of 1.07.

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

Booking Dividend Announcement

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

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.