Booking (NASDAQ:BKNG) Now Covered by Robert W. Baird

Robert W. Baird began coverage on shares of Booking (NASDAQ:BKNG) in a research report sent to investors on Wednesday, Marketbeat.com reports. The brokerage issued an outperform rating and a $5,850.00 target price on the business services provider’s stock.

A number of other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Bank of America lifted their price objective on shares of Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group increased their target price on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average price target of $4,820.50.

Booking Stock Down 0.4 %

BKNG stock opened at $5,201.98 on Wednesday. The stock has a market cap of $172.17 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 1.62 and a beta of 1.38. Booking has a fifty-two week low of $3,079.50 and a fifty-two week high of $5,237.00. The business has a 50 day moving average price of $4,599.47 and a 200 day moving average price of $4,091.65.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.67%. Booking’s dividend payout ratio is presently 23.75%.

Hedge Funds Weigh In On Booking

Several institutional investors and hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. lifted its position in Booking by 5.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 471 shares of the business services provider’s stock valued at $1,709,000 after buying an additional 23 shares in the last quarter. Hancock Whitney Corp boosted its position in shares of Booking by 17.6% in the first quarter. Hancock Whitney Corp now owns 375 shares of the business services provider’s stock worth $1,360,000 after buying an additional 56 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in Booking by 13.2% in the 1st quarter. Citizens Financial Group Inc. RI now owns 248 shares of the business services provider’s stock worth $900,000 after acquiring an additional 29 shares during the period. Swedbank AB acquired a new stake in Booking in the first quarter valued at approximately $95,460,000. Finally, Atria Investments Inc raised its stake in shares of Booking by 7.0% during the first quarter. Atria Investments Inc now owns 2,570 shares of the business services provider’s stock valued at $9,308,000 after purchasing an additional 169 shares during the period. 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.