Triavera Capital LLC Has $11.34 Million Stock Position in Booking Holdings Inc. $BKNG

Key Points

• Triavera Capital LLC boosted its stake in Booking Holdings Inc. by 13.7%, now holding shares valued at approximately $11.34 million, making it the firm's third largest investment.
• Booking Holdings reported earnings of $55.40 per share for the last quarter, exceeding analysts' expectations and indicating a 16% revenue growth year-over-year.
• The company's quarterly dividend of $9.60 will be paid on September 30th, with a current dividend yield of 0.7% and a payout ratio of 26.71%.

Triavera Capital LLC increased its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 13.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,462 shares of the business services provider's stock after acquiring an additional 297 shares during the quarter. Booking makes up approximately 6.5% of Triavera Capital LLC's holdings, making the stock its 3rd biggest holding. Triavera Capital LLC's holdings in Booking were worth $11,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Shellback Capital LP acquired a new stake in shares of Booking during the 1st quarter worth approximately $18,428,000. Rise Advisors LLC acquired a new position in Booking during the 1st quarter valued at approximately $92,000. Plancorp LLC bought a new position in Booking during the 1st quarter worth $438,000. Polar Asset Management Partners Inc. acquired a new stake in Booking in the first quarter worth $9,214,000. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in Booking by 8.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 8,144 shares of the business services provider's stock valued at $37,519,000 after buying an additional 650 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BKNG shares. Cantor Fitzgerald restated a "neutral" rating on shares of Booking in a research report on Wednesday, July 30th. Morgan Stanley set a $5,650.00 target price on shares of Booking and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Citigroup raised their price target on shares of Booking from $5,560.00 to $6,500.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their price target on Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Barclays increased their price objective on Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $5,808.81.

Insider Activity at Booking

In other news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total value of $5,548,089.57. Following the completion of the sale, the chief executive officer owned 24,620 shares in the company, valued at $134,841,031.80. This represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 4,052 shares of company stock valued at $22,511,858. 0.16% of the stock is currently owned by insiders.

Booking Trading Down 1.4%

Shares of NASDAQ:BKNG opened at $5,505.80 on Friday. The company has a 50 day moving average of $5,615.88 and a 200-day moving average of $5,198.75. The firm has a market cap of $178.44 billion, a P/E ratio of 38.29, a P/E/G ratio of 1.59 and a beta of 1.39. Booking Holdings Inc. has a twelve month low of $3,700.97 and a twelve month high of $5,839.41.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter last year, the business earned $41.90 earnings per share. The business's revenue for the quarter was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 5th. Booking's payout ratio is currently 26.71%.

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.

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