Kintegral Advisory LLC Grows Stock Position in Booking Holdings Inc. $BKNG

Kintegral Advisory LLC grew its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 2,400.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,275 shares of the business services provider’s stock after acquiring an additional 22,344 shares during the quarter. Kintegral Advisory LLC’s holdings in Booking were worth $4,149,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Bogart Wealth LLC increased its holdings in shares of Booking by 3,475.0% during the second quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 139 shares in the last quarter. Wilkerson Advisory Group LLC grew its position in Booking by 3,550.0% during the 2nd quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock worth $26,000 after purchasing an additional 142 shares during the last quarter. Osbon Capital Management LLC purchased a new stake in Booking during the 4th quarter worth approximately $27,000. First Financial Corp IN increased its stake in Booking by 2,400.0% during the 2nd quarter. First Financial Corp IN now owns 150 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 144 shares in the last quarter. Finally, Roble Belko & Company Inc increased its stake in Booking by 2,400.0% during the 2nd quarter. Roble Belko & Company Inc now owns 150 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

NASDAQ:BKNG opened at $205.63 on Monday. The company’s fifty day moving average price is $192.18 and its 200-day moving average price is $177.64. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year high of $226.10. The firm has a market capitalization of $154.51 billion, a P/E ratio of 22.76, a PEG ratio of 1.24 and a beta of 1.07.

Booking (NASDAQ:BKNG) last posted its earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The company had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same period in the previous year, the firm posted $55.40 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts anticipate that Booking Holdings Inc. will post 10.48 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 11th. Booking’s payout ratio is 18.58%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BKNG. Mizuho set a $240.00 price objective on shares of Booking in a report on Wednesday, August 5th. Robert W. Baird set a $230.00 target price on Booking in a research note on Wednesday, August 5th. UBS Group lifted their price target on Booking from $266.00 to $274.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Argus boosted their price target on Booking from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $230.00 price objective on shares of Booking in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.45.

Insider Buying and Selling

In related news, Director Robert J. Mylod, Jr. sold 5,000 shares of Booking stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $200.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the director directly owned 16,000 shares in the company, valued at approximately $3,200,000. This trade represents a 23.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the transaction, the director directly owned 16,508 shares of the company’s stock, valued at $3,169,536. The trade was a 6.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 77,550 shares of company stock worth $16,112,304. Corporate insiders own 0.17% of the company’s stock.

About Booking

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.