Trilogy Capital Inc. Invests $4.25 Million in Booking Holdings Inc. $BKNG

Trilogy Capital Inc. purchased a new stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) during the 2nd quarter, Holdings Channel reports. The fund purchased 23,857 shares of the business services provider’s stock, valued at approximately $4,252,000.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after purchasing an additional 65 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Booking in the fourth quarter worth approximately $209,000. Sivia Capital Partners LLC lifted its stake in shares of Booking by 25.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock worth $955,000 after acquiring an additional 33 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in shares of Booking by 50.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock worth $504,000 after acquiring an additional 29 shares during the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in Booking during the 2nd quarter valued at $179,000. 92.42% of the stock is currently owned by institutional investors.

Booking Trading Down 0.1%

Shares of BKNG stock opened at $192.71 on Tuesday. Booking Holdings Inc. has a twelve month low of $150.14 and a twelve month high of $231.80. The stock has a market capitalization of $149.33 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 1.21 and a beta of 1.07. The stock has a fifty day simple moving average of $176.34 and a two-hundred day simple moving average of $176.70.

Insider Activity

In other Booking news, VP Peter J. Millones sold 62,500 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total transaction of $10,229,375.00. Following the transaction, the vice president directly owned 425,075 shares in the company, valued at $69,572,025.25. This represents a 12.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the transaction, the director directly owned 16,000 shares in the company, valued at $3,200,000. This trade represents a 23.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 68,625 shares of company stock worth $11,445,375. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. The Goldman Sachs Group set a $215.00 target price on Booking and gave the stock a “neutral” rating in a research note on Monday, July 20th. Argus set a $210.00 price target on shares of Booking and gave the stock a “buy” rating in a report on Thursday, July 9th. Weiss Ratings raised shares of Booking from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Booking from $210.00 to $202.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $175.00 price objective (down from $180.00) on shares of Booking in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $227.23.

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.