Booking (NASDAQ:BKNG) Price Target Raised to $5,500.00

Booking (NASDAQ:BKNG) had its price objective raised by Citigroup from $4,100.00 to $5,500.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Several other equities research analysts have also recently commented on the company. Mizuho raised their target price on Booking from $4,250.00 to $4,800.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price objective on shares of Booking in a research report on Monday, October 7th. Susquehanna lifted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. DA Davidson increased 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. Finally, Royal Bank of Canada raised their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Twelve research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4,729.14.

Booking Stock Up 1.8 %

Shares of NASDAQ BKNG opened at $5,001.19 on Monday. The firm has a fifty day simple moving average of $4,199.26 and a 200 day simple moving average of $3,914.68. Booking has a twelve month low of $2,963.75 and a twelve month high of $5,060.50. The company has a market capitalization of $165.54 billion, a PE ratio of 33.94, a P/E/G ratio of 1.49 and a beta of 1.38.

Booking Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Insider Activity

In related news, insider Paulo Pisano sold 100 shares of the business’s 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 transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BKNG. Adero Partners LLC bought a new stake in shares of Booking in the 3rd quarter worth approximately $214,000. Evergreen Wealth Management LLC raised its stake in shares of Booking by 12.3% in the third quarter. Evergreen Wealth Management LLC now owns 301 shares of the business services provider’s stock valued at $1,266,000 after buying an additional 33 shares during the period. Natixis Advisors LLC lifted its position in shares of Booking by 2.7% during the 3rd quarter. Natixis Advisors LLC now owns 15,608 shares of the business services provider’s stock valued at $65,743,000 after buying an additional 415 shares during the last quarter. Mizuho Securities USA LLC lifted its position in shares of Booking by 464.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 14,770 shares of the business services provider’s stock valued at $62,213,000 after buying an additional 12,155 shares during the last quarter. Finally, KCM Investment Advisors LLC increased its holdings in Booking by 8.2% in the 3rd quarter. KCM Investment Advisors LLC now owns 369 shares of the business services provider’s stock worth $1,555,000 after acquiring an additional 28 shares during the last quarter. 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.