Continuum Advisory LLC Grows Stock Holdings in Booking Holdings Inc. $BKNG

Continuum Advisory LLC lifted its holdings in Booking Holdings Inc. (NASDAQ:BKNG) by 4,939.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,225 shares of the business services provider’s stock after acquiring an additional 3,161 shares during the quarter. Continuum Advisory LLC’s holdings in Booking were worth $575,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Osbon Capital Management LLC acquired a new stake in Booking during the fourth quarter worth about $27,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Booking during the 4th quarter worth approximately $27,000. Strive Asset Management LLC acquired a new stake in shares of Booking during the 3rd quarter worth approximately $27,000. Swiss RE Ltd. acquired a new stake in shares of Booking during the 4th quarter worth approximately $27,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Booking in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

Shares of Booking stock opened at $193.29 on Friday. The stock has a market capitalization of $145.23 billion, a P/E ratio of 21.39, a PEG ratio of 1.21 and a beta of 1.07. The business has a 50 day simple moving average of $194.31 and a two-hundred day simple moving average of $178.43. Booking Holdings Inc. has a 12 month low of $150.14 and a 12 month high of $226.10.

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

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.9%. Booking’s payout ratio is presently 18.58%.

Insider Activity at Booking

In related news, Director Robert J. Mylod, Jr. sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $200.00, for a total value of $200,000.00. Following the completion of the sale, the director owned 14,000 shares of the company’s stock, valued at approximately $2,800,000. This trade represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of Booking stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total value of $4,220,600.00. Following the transaction, the chief financial officer owned 59,794 shares in the company, valued at approximately $12,618,327.82. The trade was a 25.06% decrease in their position. 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. Insiders have sold 81,550 shares of company stock worth $16,922,744 in the last 90 days. 0.17% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on BKNG. Mizuho set a $240.00 price target on shares of Booking in a report on Wednesday, August 5th. Bank of America reiterated a “buy” rating and issued a $234.00 price objective on shares of Booking in a research report on Wednesday, August 5th. Piper Sandler reissued a “neutral” rating and set a $215.00 target price (up from $195.00) on shares of Booking in a research note on Wednesday, August 5th. Sanford C. Bernstein restated a “market perform” rating and set a $188.00 target price on shares of Booking in a research report on Wednesday, August 26th. Finally, Argus lifted 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $236.70.

Booking Profile

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.