Local Pensions Partnership Investment 13F: Cuts BKNG Stake by $3.1M
Key Points
- The fund's reduction of 19,000 shares is valued at approximately $3.1 million, a 1.9% decrease in its holdings.
- Local Pensions Partnership Investment held 968,339 $BKNG shares at quarter end, down 1.92% from the prior quarter.
- Booking Holdings recently traded around $153.14, about equal to its closing price on the filing date.
- Local Pensions Partnership's position now represents 4.9% of its total reported value, ranking 11th among its 33 holdings.
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On October 26, 2026, Local Pensions Partnership Investment trimmed its stake in Booking Holdings Inc. (BKNG) by 19,000 shares, bringing its total to 968,339 shares.
BKNG
Booking Holdings Inc.
What Changed in Local Pensions Partnership's Booking Holdings Position
Local Pensions Partnership reduced its holdings in Booking Holdings by 19,000 shares, a 1.9% decrease from its previous position of 987,339 shares. After this adjustment, the fund's stake in Booking is now valued at approximately $157.7 million, out of a total reported value of $3.22 billion across all its investments.
Where Booking Holdings Fits in Local Pensions Partnership's Portfolio
Booking Holdings now accounts for 4.9% of Local Pensions Partnership's total reported value. The fund ranks 11th among its 33 holdings, indicating a significant position, despite the recent reduction.
Other Institutional Activity in Booking Holdings
On the same day, Alta Capital Management cut its stake by 26,049 shares, leaving it with 138,432 shares valued at about $22.6 million. Additionally, UniSuper Management also reduced its holdings by 105,138 shares, bringing its total to 130,938 shares. These moves reflect a pattern of adjustments among institutional investors in Booking Holdings.
Booking Holdings Inc. Stock Down 4.9%
As of October 27, 2026, Booking Holdings shares traded around $153.14, which is about equal to its closing price on October 26. This price indicates that the stock is holding steady amid recent institutional adjustments.
Recent Earnings
Booking Holdings reported trailing twelve-month revenue of approximately $28.24 billion and an earnings per share of $9.02. The company has shown a year-over-year revenue growth of 8.1%. Its next earnings report is scheduled for 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.
Several insiders have sold shares recently. Notably, Officer Paulo Pisano sold 3,000 shares on August 31, 2026, for about $610,440, and Director Robert J. Mylod Jr. sold 1,000 shares on September 1, 2026, for $200,000. These sales occurred prior to the recent adjustments by institutional investors.
Analysts Set New Price Targets
On October 22, 2026, BTIG reiterated its "Buy" rating on Booking Holdings with a price target of $250. Truist Securities maintained a "Buy" rating but reduced its target from $242 to $216 on September 30, 2026. The consensus among analysts suggests a positive outlook for the stock, with varying targets reflecting different market conditions.
About Booking Holdings
Booking Holdings Inc. provides online and traditional travel and restaurant reservations and related services globally. With a strong presence in the travel services industry, its recent performance is closely watched by investors and analysts alike.
Bottom Line
Local Pensions Partnership's recent decision to trim its position in Booking Holdings reflects broader trends among institutional investors. As the company prepares to report earnings on November 3, 2026, it will be important to monitor further institutional moves and analyst ratings for insights into future performance.
Related Filing Alerts
Source: Local Pensions Partnership Investment'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