Booking (NASDAQ:BKNG) Price Target Raised to $5,000.00 at JMP Securities

Booking (NASDAQ:BKNG) had its price objective upped by JMP Securities from $3,950.00 to $5,000.00 in a research report released on Tuesday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the business services provider’s stock.

A number of other equities analysts also recently commented on the company. Evercore ISI lowered their price objective on Booking from $4,500.00 to $4,200.00 and set an outperform rating for the company in a research report on Friday, August 2nd. Jefferies Financial Group cut shares of Booking from a buy rating to a hold rating and lowered their price target for the stock from $4,350.00 to $4,200.00 in a report on Wednesday, September 4th. Tigress Financial increased their price objective on shares of Booking from $4,285.00 to $4,580.00 and gave the company a strong-buy rating in a research report on Tuesday, July 9th. Wedbush lifted their price objective on shares of Booking from $3,850.00 to $4,200.00 and gave the stock an outperform rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Booking from $4,025.00 to $3,860.00 and set an overweight rating for the company in a research note on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $4,130.18.

Booking Stock Up 0.2 %

Booking stock opened at $4,307.77 on Tuesday. Booking has a 52-week low of $2,733.04 and a 52-week high of $4,371.17. The firm has a market cap of $146.15 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The company’s 50 day moving average is $3,922.03 and its two-hundred day moving average is $3,807.84.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. The business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $37.62 earnings per share. On average, equities research analysts anticipate that Booking will post 176.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors 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 was Friday, September 6th. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction that occurred 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 directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is owned by company insiders.

Institutional Trading of Booking

Hedge funds have recently made changes to their positions in the company. Global Assets Advisory LLC acquired a new position in shares of Booking during the first quarter worth about $401,371,000. Bessemer Group Inc. increased its position in Booking by 4,565.4% during the 1st quarter. Bessemer Group Inc. now owns 62,610 shares of the business services provider’s stock worth $227,143,000 after purchasing an additional 61,268 shares during the period. Mawer Investment Management Ltd. raised its stake in shares of Booking by 29.2% during the 1st quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock worth $702,049,000 after buying an additional 43,743 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Booking by 106.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock valued at $282,590,000 after buying an additional 36,710 shares during the period. Finally, AustralianSuper Pty Ltd boosted its stake in shares of Booking by 2,315.8% in the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock valued at $145,755,000 after buying an additional 35,270 shares in the last quarter. Institutional investors and hedge funds 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.