Booking Holdings Inc. (NASDAQ:BKNG) Receives $4,749.83 Average PT from Brokerages

Booking Holdings Inc. (NASDAQ:BKNG) has earned a consensus recommendation of “Moderate Buy” from the thirty-two analysts that are currently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $4,749.83.

A number of analysts have commented on the stock. Piper Sandler upped their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Wedbush increased their price target on shares of Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. The Goldman Sachs Group boosted their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is owned by insiders.

Institutional Trading of Booking

Several institutional investors and hedge funds have recently bought and sold shares of BKNG. Oppenheimer & Co. Inc. increased its position in Booking by 39.4% during the first quarter. Oppenheimer & Co. Inc. now owns 301 shares of the business services provider’s stock worth $1,092,000 after buying an additional 85 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Booking by 10.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 255 shares of the business services provider’s stock valued at $926,000 after acquiring an additional 24 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in Booking in the 1st quarter valued at approximately $323,000. D Orazio & Associates Inc. grew its holdings in Booking by 7.1% during the first quarter. D Orazio & Associates Inc. now owns 90 shares of the business services provider’s stock worth $327,000 after purchasing an additional 6 shares during the period. Finally, HBK Sorce Advisory LLC grew its position in shares of Booking by 12.4% in the first quarter. HBK Sorce Advisory LLC now owns 136 shares of the business services provider’s stock valued at $493,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Up 0.1 %

Shares of BKNG stock opened at $4,975.19 on Wednesday. The company’s fifty day moving average price is $4,335.39 and its 200-day moving average price is $3,973.41. Booking has a 12 month low of $3,079.50 and a 12 month high of $5,069.44. The stock has a market cap of $164.68 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued 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 dividend yield of 0.70%. Booking’s dividend payout ratio (DPR) is 23.75%.

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.