Trivant Custom Portfolio Group LLC Decreases Stake in Booking Holdings Inc. (NASDAQ:BKNG)

Trivant Custom Portfolio Group LLC lowered its position in Booking Holdings Inc. (NASDAQ:BKNG) by 4.6% during the first quarter, HoldingsChannel reports. The firm owned 863 shares of the business services provider’s stock after selling 42 shares during the period. Booking comprises 2.0% of Trivant Custom Portfolio Group LLC’s holdings, making the stock its 22nd biggest position. Trivant Custom Portfolio Group LLC’s holdings in Booking were worth $3,131,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Diversified Trust Co lifted its position in shares of Booking by 0.4% in the 4th quarter. Diversified Trust Co now owns 764 shares of the business services provider’s stock worth $2,710,000 after acquiring an additional 3 shares during the period. Howard Financial Services LTD. increased its stake in shares of Booking by 2.4% in the 4th quarter. Howard Financial Services LTD. now owns 129 shares of the business services provider’s stock valued at $458,000 after buying an additional 3 shares during the period. Rockland Trust Co. increased its stake in shares of Booking by 3.5% in the 4th quarter. Rockland Trust Co. now owns 88 shares of the business services provider’s stock valued at $312,000 after buying an additional 3 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Booking by 4.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 69 shares of the business services provider’s stock valued at $245,000 after buying an additional 3 shares during the period. Finally, Silver Oak Securities Incorporated grew its stake in shares of Booking by 1.9% during the fourth quarter. Silver Oak Securities Incorporated now owns 164 shares of the business services provider’s stock worth $582,000 after purchasing an additional 3 shares during the period. 92.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Paulo Pisano sold 227 shares of Booking stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the transaction, the insider now directly owns 4,233 shares of the company’s stock, valued at $15,157,314.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Paulo Pisano sold 227 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the transaction, the insider now directly owns 4,233 shares of the company’s stock, valued at $15,157,314.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now directly owns 189 shares in the company, valued at $649,640.25. The disclosure for this sale can be found here. Insiders have sold a total of 1,021 shares of company stock valued at $3,617,852 over the last ninety days. 0.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Booking from $3,950.00 to $4,025.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Wedbush reaffirmed an “outperform” rating and set a $3,850.00 price objective on shares of Booking in a research note on Tuesday, April 30th. Wells Fargo & Company lifted their target price on Booking from $3,435.00 to $3,494.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. JMP Securities restated a “market outperform” rating and issued a $3,950.00 price target on shares of Booking in a report on Monday, May 6th. Finally, Argus boosted their price target on Booking from $4,200.00 to $4,342.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $3,902.54.

Booking Stock Performance

Shares of NASDAQ:BKNG traded down $47.90 during midday trading on Friday, hitting $3,961.50. 321,265 shares of the stock were exchanged, compared to its average volume of 196,108. The stock has a market capitalization of $134.41 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 1.20 and a beta of 1.40. The business’s 50-day moving average price is $3,759.73 and its 200 day moving average price is $3,625.18. Booking Holdings Inc. has a 12 month low of $2,624.50 and a 12 month high of $4,040.00.

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, topping the consensus estimate of $14.03 by $6.36. The company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business posted $11.60 earnings per share. As a group, sell-side analysts expect that Booking Holdings Inc. will post 178.54 EPS for the current year.

Booking Dividend Announcement

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

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.