Analysts Set Booking Holdings Inc. (NASDAQ:BKNG) Price Target at $4,945.96

Booking Holdings Inc. (NASDAQ:BKNG) has been given a consensus recommendation of “Moderate Buy” by the thirty-two ratings firms that are currently covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $4,945.96.

BKNG has been the topic of a number of analyst reports. Jefferies Financial Group upped their price target on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Bank of America upped their target price on Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Tigress Financial increased their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. DA Davidson boosted their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, JMP Securities reiterated a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a report on Wednesday, December 11th.

Institutional Investors Weigh In On Booking

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKNG. Nations Financial Group Inc. IA ADV grew its position in shares of Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after buying an additional 334 shares during the period. Principal Financial Group Inc. raised its stake in shares of Booking by 5.3% in the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after buying an additional 2,010 shares during the period. Cumberland Partners Ltd boosted its holdings in Booking by 25.0% in the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after buying an additional 100 shares during the period. Icon Wealth Advisors LLC raised its position in shares of Booking by 342,723.5% during the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after buying an additional 233,052 shares during the last quarter. Finally, Infusive Asset Management Inc. increased its stake in Booking by 75.9% in the 3rd quarter. Infusive Asset Management Inc. now owns 1,196 shares of the business services provider’s stock worth $5,038,000 after acquiring an additional 516 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Stock Down 0.4 %

Shares of Booking stock opened at $4,903.85 on Thursday. The stock has a market cap of $162.30 billion, a price-to-earnings ratio of 33.28, a P/E/G ratio of 2.11 and a beta of 1.41. Booking has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The company’s fifty day moving average is $5,029.52 and its 200 day moving average is $4,317.97.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were issued a $8.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.71%. Booking’s payout ratio 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.