Booking Holdings Inc. $BKNG Stock Acquired by Kintegral Advisory LLC

Kintegral Advisory LLC increased its position in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 34.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,336 shares of the business services provider’s stock after buying 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 institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Booking in the 2nd quarter valued at about $11,646,302,000. State Street Corp increased its stake in shares of Booking by 2,674.6% during the 2nd quarter. State Street Corp now owns 39,420,711 shares of the business services provider’s stock worth $7,026,348,000 after purchasing an additional 37,999,915 shares during the last quarter. Bank of Nova Scotia raised its holdings in shares of Booking by 1,497.3% in the 1st quarter. Bank of Nova Scotia now owns 870,520 shares of the business services provider’s stock valued at $3,665,168,000 after purchasing an additional 816,022 shares during the period. Deutsche Bank AG bought a new stake in shares of Booking in the 2nd quarter valued at about $1,691,186,000. Finally, Bank of New York Mellon Corp acquired a new stake in Booking in the 2nd quarter valued at about $1,370,455,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. TD Cowen raised Booking to a “strong-buy” rating in a research report on Monday, September 14th. Mizuho set a $240.00 price objective on Booking in a research note on Wednesday, August 5th. Rosenblatt Securities initiated coverage on Booking in a research report on Tuesday, September 1st. They issued a “buy” rating and a $245.00 price objective for the company. Citigroup reiterated a “market perform” rating on shares of Booking in a research note on Thursday, September 24th. Finally, Jefferies Financial Group lifted their target price on Booking from $180.00 to $190.00 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $233.95.

Insider Buying and Selling at Booking

In other Booking news, CFO Ewout L. Steenbergen sold 20,000 shares of the company’s stock in a transaction 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 directly owned 59,794 shares of the company’s stock, valued at $12,618,327.82. This represents a 25.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 50,050 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $207.59, for a total value of $10,389,879.50. Following the transaction, the vice president owned 375,025 shares in the company, valued at $77,851,439.75. The trade was a 11.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 84,550 shares of company stock worth $17,426,864 in the last 90 days. Company insiders own 0.17% of the company’s stock.

Booking Stock Performance

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

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

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.0%. Booking’s dividend payout ratio (DPR) is 18.58%.

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.