Booking (NASDAQ:BKNG) Price Target Raised to $5,500.00

Booking (NASDAQ:BKNG) had its price target raised by Oppenheimer from $5,000.00 to $5,500.00 in a research note released on Thursday morning, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

A number of other research analysts have also issued reports on BKNG. Wedbush boosted their price target on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their target price on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Jefferies Financial Group boosted their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Booking from $4,275.00 to $4,105.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Twelve analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4,680.18.

Booking Stock Up 1.6 %

Shares of NASDAQ:BKNG opened at $4,749.11 on Thursday. The company’s 50-day moving average price is $4,136.96 and its 200 day moving average price is $3,883.88. The company has a market cap of $157.20 billion, a PE ratio of 32.23, a P/E/G ratio of 1.52 and a beta of 1.38. Booking has a fifty-two week low of $2,756.39 and a fifty-two week high of $4,856.60.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $83.89 earnings per share for the quarter, beating analysts’ consensus estimates of $77.94 by $5.95. The company had revenue of $7.99 billion for the quarter, compared to analysts’ expectations of $7.63 billion. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. As a group, equities analysts anticipate that Booking will post 177.79 EPS for the current year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.74%. Booking’s payout ratio is presently 23.75%.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred on 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 $14,722,379.07. This represents a 0.00 % 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. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Booking

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC acquired a new position in shares of Booking in the first quarter worth $537,000. BDF Gestion acquired a new position in Booking in the 2nd quarter worth about $6,897,000. Gamco Investors INC. ET AL acquired a new position in Booking in the 1st quarter worth about $519,000. CWM LLC raised its stake in shares of Booking by 11.8% during the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after purchasing an additional 277 shares in the last quarter. Finally, Claro Advisors LLC lifted its holdings in shares of Booking by 16,668.9% during the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock valued at $63,569,000 after buying an additional 15,002 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Company Profile

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.