Booking (NASDAQ:BKNG – Free Report) had its price objective raised by Morgan Stanley from $4,600.00 to $5,000.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.
A number of other equities analysts also recently issued reports on the company. Wedbush upped their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and set a $5,400.00 target price on shares of Booking in a research report on Wednesday, December 11th. BMO Capital Markets raised their price target on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, DA Davidson lifted their target price on shares of Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4,987.04.
Check Out Our Latest Analysis on BKNG
Booking Stock Up 1.1 %
Booking Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were issued a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Garner Asset Management Corp grew its position in shares of Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after acquiring an additional 2 shares during the period. Optimist Retirement Group LLC boosted its position in Booking by 2.2% during the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after purchasing an additional 2 shares in the last quarter. Quent Capital LLC grew its holdings in Booking by 2.7% in the third quarter. Quent Capital LLC now owns 113 shares of the business services provider’s stock valued at $477,000 after purchasing an additional 3 shares during the period. Hexagon Capital Partners LLC increased its position in shares of Booking by 23.1% in the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock valued at $67,000 after buying an additional 3 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its position in shares of Booking by 1.0% in the third quarter. Valeo Financial Advisors LLC now owns 292 shares of the business services provider’s stock valued at $1,229,000 after buying an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.
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.
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