Alta Capital Management Llc/ 13F: Cuts BKNG Stake by $4.2M
Key Points
- Alta Capital Management reduced its stake in Booking Holdings by 26,049 shares, resulting in a 15.8% decrease in its holdings.
- Alta Capital Management Llc/ held 138,432 $BKNG shares at quarter end, down 15.84% from the prior quarter.
- The fund's total reported value is about $1.07 billion, with Booking representing 2.12% of its portfolio.
- Booking Holdings is set to report earnings on November 3, 2026, after showing a revenue growth of 8.1% year-over-year.
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On October 26, 2026, Alta Capital Management cut its position in Booking Holdings Inc. (BKNG) by 26,049 shares, now holding a total of 138,432 shares valued at approximately $22.55 million. This information comes from the fund's latest Form 13F filing with the SEC.
BKNG
Booking Holdings Inc.
What Changed in Alta Capital Management's Booking Holdings Position
Alta Capital Management reduced its stake by 26,049 shares, reflecting a 15.8% decrease. The total value of its holdings in Booking is now about $22.55 million, making up 2.12% of its overall portfolio.
Where Booking Holdings Fits in Alta Capital Management's Portfolio
Booking Holdings ranks 15th among Alta Capital Management's 215 reported positions. The $4.24 million decrease in value is notable, considering the fund's total reported value is approximately $1.07 billion.
Other Institutional Activity in Booking Holdings
On the same day, UniSuper Management cut its stake by 105,138 shares, now holding 130,938 shares valued at about $21.33 million. Dodge & Cox Inc. increased its position by 598,522 shares, bringing its total to about 25.54 million shares worth approximately $3.91 billion.
Booking Holdings Inc. Stock Down 4.9%
As of October 26, 2026, Booking Holdings closed at $153.14, which is about equal to its recent trading price. The stock has shown resilience, trading close to this level amid various institutional adjustments.
Recent Earnings
Booking Holdings reported a trailing twelve-month revenue of approximately $28.24 billion and an EPS of $9.02. The company has a net margin of 25.5% and is set to announce its next earnings on November 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
13 target cuts vs 1 raises.
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EPS & revenue
EPS beat estimates by 3.6%. Revenue missed estimates by 1.7%.
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Profit surprise
EBITDA beat by 20 percent. Operating income beat by 26 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 target raise, 13 target cuts.
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Earnings quality
Operating margin up 0.7 points. Positive free cash flow.
Earnings Call Summary
Booking delivered 338 million room nights in the quarter, up 6 percent year over year, with revenue of 5 point 5 billion, up 16 percent. The Middle East conflict that began late February reduced growth by roughly 2 percentage points and caused elevated cancellations in March. Despite this, U.S. room nights accelerated to low teens growth for the fourth quarter in a row, and the company remains confident in long term travel demand recovery.
Guidance Company expects 2 to 4 percent room night growth next quarter due to Middle East conflict continuing through end of June. For full year 2026, they now guide gross bookings growth to high single digits to low double digits, with adjusted EPS up low to mid teens, both down from prior guidance at midpoint but high end remains intact.
Clearly negative report. The company missed important expectations and likely triggers downward revisions.
Insider Buying and Selling at Booking Holdings Inc.
Since August, several insiders have sold shares, including Director Vanessa Ames Wittman, who sold 375 shares at an average price of $211.00, totaling about $79,125. Officer Paulo Pisano sold 3,000 shares at $203.48, valued at approximately $610,440.
Analysts Set New Price Targets
On October 22, 2026, BTIG reiterated its Buy rating on Booking with a target price of $250. Truist Securities maintained a Buy rating with a target of $216, down from $242. Meanwhile, Wells Fargo and Cantor Fitzgerald have maintained their ratings at Equal-Weight and Neutral, respectively, with target prices of $190 and $170.
About Booking Holdings
Booking Holdings Inc. operates a range of travel services, offering online and traditional reservations for travel and restaurants. The company serves customers globally, including major markets in the United States and Europe. Its recent stock adjustments reflect the dynamic nature of its market position.
Bottom Line
Investors should watch for Booking Holdings' upcoming earnings report on November 3, 2026, which could influence future trading. Alta Capital Management's recent cut in shares indicates ongoing adjustments in institutional strategies within the travel sector.
Related Filing Alerts
Source: Alta Capital Management Llc/'s 13F filing on $BKNG (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts