Booking (NASDAQ:BKNG) Price Target Raised to $5,000.00

Booking (NASDAQ:BKNG) had its price objective increased by JMP Securities from $3,950.00 to $5,000.00 in a research note published on Tuesday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the business services provider’s stock.

A number of other research analysts also recently weighed in on the stock. Bank of America reduced their target price on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Evercore ISI dropped their price target on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Tigress Financial lifted their price objective on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 9th. Barclays upped their price objective on shares of Booking from $3,900.00 to $4,500.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Benchmark lowered their price target on shares of Booking from $4,700.00 to $4,600.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $4,130.18.

Booking Stock Performance

Booking stock opened at $4,370.77 on Tuesday. The stock has a market cap of $148.29 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. Booking has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,394.95. The firm’s 50-day simple moving average is $3,962.18 and its 200 day simple moving average is $3,815.43.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $39.22 by $2.68. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. Booking’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $37.62 earnings per share. As a group, analysts predict that Booking will post 176.92 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.80%. Booking’s dividend payout ratio is presently 26.25%.

Insider Activity at Booking

In other news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.12% of the stock is owned by corporate insiders.

Institutional Trading of Booking

Several large investors have recently bought and sold shares of BKNG. Aaron Wealth Advisors LLC lifted its stake in shares of Booking by 15.8% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 169 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 23 shares during the period. ERTS Wealth Advisors LLC grew its position in shares of Booking by 2.7% in the 3rd quarter. ERTS Wealth Advisors LLC now owns 115 shares of the business services provider’s stock worth $484,000 after buying an additional 3 shares during the period. Claro Advisors LLC increased its stake in shares of Booking by 16,668.9% in the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after acquiring an additional 15,002 shares in the last quarter. V Square Quantitative Management LLC lifted its position in Booking by 11.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 608 shares of the business services provider’s stock valued at $2,561,000 after acquiring an additional 62 shares during the period. Finally, Professional Advisory Services Inc. boosted its stake in Booking by 0.6% during the third quarter. Professional Advisory Services Inc. now owns 8,193 shares of the business services provider’s stock worth $34,510,000 after acquiring an additional 45 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

About Booking

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.