Trajan Wealth LLC Has $26.45 Million Stock Holdings in Booking Holdings Inc. (NASDAQ:BKNG)

Trajan Wealth LLC trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 4.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,278 shares of the business services provider’s stock after selling 283 shares during the period. Booking accounts for approximately 1.6% of Trajan Wealth LLC’s investment portfolio, making the stock its 14th biggest holding. Trajan Wealth LLC’s holdings in Booking were worth $26,445,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in shares of Booking during the 3rd quarter valued at $5,322,600,000. Bessemer Group Inc. grew its stake in Booking by 4,565.4% in the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock valued at $227,143,000 after buying an additional 61,268 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in Booking by 29.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after purchasing an additional 43,743 shares during the period. 1832 Asset Management L.P. boosted its holdings in Booking by 106.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after purchasing an additional 36,710 shares during the period. Finally, AustralianSuper Pty Ltd lifted its holdings in shares of Booking by 2,315.8% during the 2nd quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after acquiring an additional 35,270 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

Booking Price Performance

Booking stock opened at $4,427.54 on Wednesday. The stock has a market cap of $148.41 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.40. Booking Holdings Inc. has a 1 year low of $2,756.13 and a 1 year high of $4,440.87. The firm has a 50-day moving average of $4,085.91 and a two-hundred day moving average of $3,862.39.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $39.22 by $2.68. The company had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $37.62 EPS. Research analysts expect that Booking Holdings Inc. will post 177.29 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on BKNG. Morgan Stanley upped their price target on shares of Booking from $4,000.00 to $4,200.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $3,900.00 price objective on shares of Booking in a research note on Monday, August 5th. StockNews.com lowered shares of Booking from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Evercore ISI dropped their target price on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, B. Riley cut their price objective on Booking from $4,900.00 to $4,650.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4,256.89.

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.