Triavera Capital LLC Purchases New Position in Booking Holdings Inc. (NASDAQ:BKNG)

Triavera Capital LLC purchased a new stake in Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter, Holdings Channel reports. The firm purchased 2,165 shares of the business services provider’s stock, valued at approximately $10,757,000. Booking accounts for 5.9% of Triavera Capital LLC’s holdings, making the stock its 4th largest position.

Other large investors have also recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking during the fourth quarter worth $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking during the fourth quarter worth $25,000. Summit Securities Group LLC purchased a new stake in Booking during the fourth quarter worth $30,000. Bernard Wealth Management Corp. purchased a new stake in Booking during the fourth quarter worth $30,000. Finally, Valley National Advisers Inc. lifted its holdings in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after buying an additional 6 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Up 1.5%

NASDAQ:BKNG opened at $5,317.07 on Friday. Booking Holdings Inc. has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The stock has a market capitalization of $173.02 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. The stock’s 50-day moving average price is $4,735.30 and its 200-day moving average price is $4,879.71.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $17.57 by $7.24. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same period in the previous year, the firm posted $20.39 EPS. Booking’s revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, June 6th. Booking’s payout ratio is 23.89%.

Analyst Ratings Changes

BKNG has been the topic of a number of recent analyst reports. B. Riley upped their price target on Booking from $6,000.00 to $6,100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. BMO Capital Markets upped their price target on Booking from $5,000.00 to $5,700.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Robert W. Baird upped their price target on Booking from $5,550.00 to $5,700.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Cfra raised Booking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Finally, Citigroup upped their price target on Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average target price of $5,299.29.

Booking Company 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.