Kintegral Advisory LLC Acquires 8,061 Shares of Booking Holdings Inc. $BKNG

Kintegral Advisory LLC lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 34.6% during the 3rd quarter, Holdings Channel reports. The firm owned 31,336 shares of the business services provider’s stock after purchasing an additional 8,061 shares during the period. Kintegral Advisory LLC’s holdings in Booking were worth $5,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC boosted its stake in shares of Booking by 3,475.0% in the second quarter. Bogart Wealth LLC now owns 143 shares of the business services provider’s stock valued at $25,000 after buying an additional 139 shares during the period. Wilkerson Advisory Group LLC grew its position in Booking by 3,550.0% during the second quarter. Wilkerson Advisory Group LLC now owns 146 shares of the business services provider’s stock worth $26,000 after buying an additional 142 shares in the last quarter. Osbon Capital Management LLC bought a new position in Booking during the 4th quarter worth $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 worth $27,000 after acquiring an additional 144 shares during the period. 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 worth $27,000 after acquiring an additional 144 shares during the period. 92.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Booking

In related news, Director Robert Mylod, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $200.00, for a total value of $200,000.00. Following the sale, the director directly owned 14,000 shares of the company’s stock, valued at $2,800,000. This trade represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter Millones, Jr. sold 50,050 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $207.59, for a total value of $10,389,879.50. Following the completion of the sale, the vice president directly owned 375,025 shares in the company, valued at $77,851,439.75. This trade represents a 11.77% 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. Insiders sold 84,550 shares of company stock worth $17,426,864 over the last quarter. 0.17% of the stock is currently owned by company insiders.

Booking Trading Down 1.4%

NASDAQ BKNG traded down $2.35 on Friday, hitting $163.45. 6,370,229 shares of the company’s stock were exchanged, compared to its average volume of 8,414,531. The stock has a 50-day moving average of $182.08 and a 200-day moving average of $177.50. Booking Holdings Inc. has a 52 week low of $150.14 and a 52 week high of $220.81. The stock has a market cap of $122.81 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 1.03 and a beta of 1.13.

Booking (NASDAQ:BKNG) last issued its earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter last year, the business posted $55.40 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. As a group, analysts predict that Booking Holdings Inc. will post 10.48 earnings per share for the current year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, September 11th. Booking’s dividend payout ratio is currently 18.58%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BKNG shares. Rosenblatt Securities initiated coverage on Booking in a report on Tuesday, September 1st. They issued a “buy” rating and a $245.00 price objective for the company. BMO Capital Markets reissued an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Booking in a report on Wednesday, August 5th. Weiss Ratings raised Booking from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. DA Davidson set a $240.00 price target on Booking in a research report on Thursday, August 6th. Finally, Wells Fargo & Company reaffirmed a “reduce” rating and issued a $190.00 price target (down from $220.00) on shares of Booking in a research note on Wednesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.95.

Booking Profile

Booking Holdings Inc is a global online travel and restaurant reservation company headquartered in Norwalk, Connecticut. Through its digital platforms, the company helps consumers search for, compare and reserve accommodations, flights, rental cars, vacation packages, attractions and restaurant reservations.

Its portfolio includes Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and the travel metasearch brands Momondo and Cheapflights. Booking.com is primarily known for lodging reservations, while Priceline focuses on travel deals, Agoda serves customers across international markets with a strong presence in Asia, KAYAK and its related brands provide travel search and comparison services, and OpenTable operates a restaurant reservation platform.

The company was founded in 1997 as Priceline.com and was later renamed The Priceline Group before adopting the Booking Holdings name in 2018.