Trivant Custom Portfolio Group LLC Sells 42 Shares of Booking Holdings Inc. (NASDAQ:BKNG)

Trivant Custom Portfolio Group LLC trimmed its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 863 shares of the business services provider’s stock after selling 42 shares during the quarter. Booking accounts for about 2.0% of Trivant Custom Portfolio Group LLC’s portfolio, making the stock its 22nd largest position. Trivant Custom Portfolio Group LLC’s holdings in Booking were worth $3,131,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Booking in the 4th quarter valued at $1,742,160,000. Fisher Asset Management LLC boosted its stake in Booking by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 376,734 shares of the business services provider’s stock worth $1,336,362,000 after acquiring an additional 15,381 shares in the last quarter. Sanders Capital LLC boosted its stake in Booking by 3.5% during the fourth quarter. Sanders Capital LLC now owns 275,172 shares of the business services provider’s stock worth $976,096,000 after acquiring an additional 9,419 shares in the last quarter. Lone Pine Capital LLC boosted its stake in Booking by 2.0% during the fourth quarter. Lone Pine Capital LLC now owns 152,501 shares of the business services provider’s stock worth $540,955,000 after acquiring an additional 3,052 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Booking by 28.8% during the fourth quarter. Nordea Investment Management AB now owns 131,052 shares of the business services provider’s stock worth $466,166,000 after acquiring an additional 29,316 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Price Performance

Shares of NASDAQ BKNG traded down $47.90 during midday trading on Friday, reaching $3,961.50. 321,265 shares of the stock traded hands, compared to its average volume of 196,108. The stock has a market capitalization of $134.41 billion, a PE ratio of 29.71, a P/E/G ratio of 1.20 and a beta of 1.40. Booking Holdings Inc. has a one year low of $2,624.50 and a one year high of $4,040.00. The company’s 50 day moving average is $3,759.73 and its 200 day moving average is $3,625.18.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the prior year, the firm posted $11.60 EPS. Booking’s quarterly revenue was up 16.9% compared to the same quarter last year. As a group, equities analysts forecast that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a dividend of $8.75 per share. The ex-dividend date was Friday, June 7th. This represents a $35.00 annualized dividend and a yield of 0.88%. Booking’s payout ratio is presently 26.25%.

Insider Activity at Booking

In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the sale, the director now owns 211 shares in the company, valued at approximately $756,027.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the sale, the director now owns 211 shares in the company, valued at $756,027.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the completion of the sale, the chief executive officer now owns 26,971 shares in the company, valued at approximately $95,318,211.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,021 shares of company stock worth $3,617,852. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

BKNG has been the topic of several research analyst reports. Erste Group Bank raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. HSBC increased their target price on shares of Booking from $4,220.00 to $4,230.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Bank of America upped their price objective on shares of Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. DA Davidson upped their price objective on shares of Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, Evercore ISI upped their price objective on shares of Booking from $3,800.00 to $4,500.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,902.54.

About Booking

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.