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

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

A number of other large investors have also modified their holdings of BKNG. BlackRock Inc. acquired a new stake in shares of Booking during the 2nd quarter valued at about $11,646,302,000. Deutsche Bank AG acquired a new position in Booking in the 2nd quarter worth about $1,691,186,000. Bank of New York Mellon Corp acquired a new position in Booking in the 2nd quarter worth about $1,370,455,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Booking by 2,525.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,101,866 shares of the business services provider’s stock worth $1,087,597,000 after purchasing an additional 5,869,459 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in Booking during the second quarter worth approximately $992,026,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the subject of a number of recent analyst reports. B. Riley Financial restated a “buy” rating and issued a $274.00 price objective (up from $264.00) on shares of Booking in a research report on Wednesday, August 5th. BMO Capital Markets reiterated an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Booking in a research report on Wednesday, August 5th. Benchmark lifted their price target on shares of Booking from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Evercore reissued an “outperform” rating and issued a $270.00 price target on shares of Booking in a report on Monday, August 24th. Finally, Oppenheimer restated an “outperform” rating and set a $240.00 price objective (up from $215.00) on shares of Booking in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus price target of $236.45.

Insider Buying and Selling at Booking

In other news, Director Vanessa Ames Wittman sold 375 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $211.00, for a total value of $79,125.00. Following the transaction, the director directly owned 16,133 shares of the company’s stock, valued at approximately $3,404,063. This trade represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert J. Mylod, Jr. sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $206.70, for a total transaction of $206,700.00. Following the transaction, the director owned 15,000 shares in the company, valued at $3,100,500. The trade was a 6.25% 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 77,550 shares of company stock worth $16,112,304 over the last three months. 0.17% of the stock is owned by corporate insiders.

Booking Price Performance

NASDAQ BKNG opened at $205.63 on Monday. The stock’s 50 day simple moving average is $192.18 and its 200-day simple moving average is $177.64. The company has a market cap of $154.51 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. Booking Holdings Inc. has a 1-year low of $150.14 and a 1-year 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. On average, equities research analysts anticipate that Booking Holdings Inc. will post 10.48 EPS for the current fiscal year.

Booking Dividend Announcement

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

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.