Booking Holdings Inc. (NASDAQ:BKNG) Receives $4,130.18 Consensus Target Price from Brokerages

Shares of Booking Holdings Inc. (NASDAQ:BKNG) have received an average recommendation of “Moderate Buy” from the thirty-two analysts that are currently covering the stock, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $4,164.11.

Several brokerages have issued reports on BKNG. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $3,900.00 price objective on shares of Booking in a research report on Monday, August 5th. DA Davidson lowered their price target on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $3,590.00 price objective on shares of Booking in a report on Monday, October 7th. JPMorgan Chase & Co. decreased their price objective on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, Barclays lifted their target price on Booking from $3,900.00 to $4,500.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th.

Booking Trading Down 1.5 %

NASDAQ:BKNG opened at $4,313.01 on Friday. The firm’s fifty day simple moving average is $4,029.83 and its 200 day simple moving average is $3,838.71. Booking has a twelve month low of $2,733.04 and a twelve month high of $4,395.00. The firm has a market capitalization of $146.33 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 1.33 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The company had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter in the previous year, the firm posted $37.62 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts predict that Booking will post 177.05 earnings per share for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were given a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, September 6th. Booking’s dividend payout ratio is presently 26.25%.

Insider Buying and Selling at Booking

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated 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 sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Booking

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jamison Private Wealth Management Inc. acquired a new position in Booking during the 3rd quarter worth $25,000. Grove Bank & Trust lifted its holdings in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC bought a new position in Booking in the 2nd quarter valued at about $28,000. Kings Path Partners LLC bought a new position in Booking in the 2nd quarter valued at about $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking during the 3rd quarter worth about $29,000. 92.42% of the stock is 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.