Booking (NASDAQ:BKNG) Price Target Cut to $4,470.00 by Analysts at Wells Fargo & Company

Booking (NASDAQ:BKNG) had its price objective trimmed by Wells Fargo & Company from $4,657.00 to $4,470.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the business services provider’s stock.

Several other research firms have also issued reports on BKNG. Royal Bank of Canada upped their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 target price on shares of Booking in a report on Monday, October 7th. Argus downgraded Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Piper Sandler increased their price objective on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Oppenheimer lifted their target price on shares of Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking has an average rating of “Moderate Buy” and an average price target of $4,997.64.

Booking Stock Performance

Shares of BKNG opened at $4,865.00 on Thursday. Booking has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm has a market cap of $161.03 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 1.60 and a beta of 1.41. The firm has a 50 day moving average price of $5,053.63 and a 200-day moving average price of $4,367.09.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were paid a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.72%. Booking’s payout ratio is currently 23.75%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Jamison Private Wealth Management Inc. bought a new position in shares of Booking during the third quarter valued at $25,000. West Financial Advisors LLC purchased a new position in Booking in the third quarter worth about $29,000. Addison Advisors LLC lifted its stake in shares of Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock worth $38,000 after buying an additional 4 shares in the last quarter. Fairscale Capital LLC purchased a new stake in shares of Booking during the second quarter valued at approximately $41,000. Finally, Carmichael Hill & Associates Inc. increased its position in shares of Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 4 shares in 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.