Booking (NASDAQ:BKNG) Price Target Raised to $6,000.00

Booking (NASDAQ:BKNG) had its target price hoisted by Mizuho from $5,400.00 to $6,000.00 in a research note issued to investors on Thursday morning,Benzinga reports. Mizuho currently has an outperform rating on the business services provider’s stock.

Other equities research analysts also recently issued research reports about the company. DA Davidson raised their target price on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $5,400.00 target price on shares of Booking in a research report on Wednesday, December 11th. Morgan Stanley increased their target price on shares of Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Bank of America lifted their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, B. Riley increased their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $4,909.90.

Booking Trading Up 1.4 %

NASDAQ BKNG opened at $5,048.59 on Thursday. The firm’s 50 day simple moving average is $4,893.64 and its 200 day simple moving average is $4,238.91. The firm has a market capitalization of $167.09 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 2.11 and a beta of 1.41. Booking has a 1 year low of $3,180.00 and a 1 year high of $5,337.24.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Institutional Trading of Booking

Several large investors have recently modified their holdings of BKNG. Hennion & Walsh Asset Management Inc. boosted its stake in Booking by 55.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 95 shares of the business services provider’s stock worth $376,000 after acquiring an additional 34 shares in the last quarter. Premier Path Wealth Partners LLC increased its stake in Booking by 2.8% during 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 in the last quarter. Quotient Wealth Partners LLC raised its holdings in Booking by 15.5% during the second quarter. Quotient Wealth Partners LLC now owns 97 shares of the business services provider’s stock worth $384,000 after buying an additional 13 shares during the last quarter. Grove Bank & Trust lifted its stake in shares of Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares in the last quarter. Finally, Family Firm Inc. acquired a new position in shares of Booking during the second quarter valued at about $115,000. Institutional investors and hedge funds 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.