Booking (NASDAQ:BKNG) Given New $5,522.00 Price Target at Bank of America

Booking (NASDAQ:BKNG) had its price objective lifted by Bank of America from $4,850.00 to $5,522.00 in a research report sent to investors on Wednesday,Benzinga reports. Bank of America currently has a neutral rating on the business services provider’s stock.

BKNG has been the subject of a number of other research reports. BMO Capital Markets increased their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Piper Sandler raised their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $4,600.00 price target on shares of Booking in a research report on Tuesday, October 29th. Mizuho raised their price objective on Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Barclays lifted their target price on Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $4,909.90.

Booking Stock Performance

Booking stock traded up $21.70 during mid-day trading on Wednesday, reaching $4,965.05. The company’s stock had a trading volume of 80,088 shares, compared to its average volume of 245,125. Booking has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The business’s 50 day simple moving average is $4,864.52 and its 200 day simple moving average is $4,221.68. The company has a market capitalization of $164.33 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. Booking’s dividend payout ratio (DPR) is 23.75%.

Institutional Investors Weigh In On Booking

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. boosted its stake in Booking by 55.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 95 shares of the business services provider’s stock valued at $376,000 after buying an additional 34 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of Booking by 8.8% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 1,123 shares of the business services provider’s stock valued at $4,449,000 after purchasing an additional 91 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Booking by 5.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 947 shares of the business services provider’s stock valued at $3,752,000 after purchasing an additional 52 shares during the last quarter. Catalina Capital Group LLC increased its position in Booking by 14.9% during the 2nd quarter. Catalina Capital Group LLC now owns 154 shares of the business services provider’s stock worth $610,000 after purchasing an additional 20 shares in the last quarter. Finally, Premier Path Wealth Partners LLC lifted its stake in Booking by 2.8% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 183 shares of the business services provider’s stock valued at $726,000 after purchasing an additional 5 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

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.