Booking (NASDAQ:BKNG) Price Target Raised to $4,580.00

Booking (NASDAQ:BKNG) had its price target boosted by Tigress Financial from $4,285.00 to $4,580.00 in a report published on Tuesday, Benzinga reports. They currently have a strong-buy rating on the business services provider’s stock.

A number of other equities analysts have also recently commented on the company. HSBC lifted their target price on Booking from $4,220.00 to $4,230.00 and gave the stock a buy rating in a report on Tuesday, May 7th. Argus boosted their price target on Booking from $4,200.00 to $4,342.00 and gave the stock a buy rating in a research report on Tuesday, June 4th. Bank of America boosted their target price on Booking from $3,900.00 to $3,950.00 and gave the stock a neutral rating in a research note on Friday, May 3rd. Wedbush reiterated an outperform rating and set a $3,850.00 price target on shares of Booking in a research note on Tuesday, April 30th. Finally, BMO Capital Markets reissued an outperform rating and issued a $4,205.00 price objective (up previously from $4,150.00) on shares of Booking in a report on Friday, May 3rd. Nine analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $3,933.23.

Booking Price Performance

Booking stock opened at $3,936.41 on Tuesday. Booking has a one year low of $2,733.04 and a one year high of $4,040.00. The stock has a market capitalization of $133.56 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 1.19 and a beta of 1.38. The business’s fifty day moving average is $3,840.94 and its 200 day moving average is $3,652.78.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, topping the consensus estimate of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter last year, the company earned $11.60 earnings per share. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. As a group, sell-side analysts expect that Booking will post 178.54 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, June 7th. Booking’s dividend payout ratio is presently 26.25%.

Insider Buying and Selling at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the sale, the director now owns 211 shares of the company’s stock, valued at approximately $756,027.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the completion of the sale, the director now directly owns 211 shares in the company, valued at approximately $756,027.77. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paulo Pisano sold 227 shares of Booking stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the sale, the insider now owns 4,233 shares of the company’s stock, valued at $15,157,314.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,021 shares of company stock valued at $3,617,852. 0.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Activest Wealth Management acquired a new position in Booking in the 4th quarter valued at $25,000. Naples Money Management LLC purchased a new stake in Booking during the 4th quarter worth $25,000. ICA Group Wealth Management LLC purchased a new stake in Booking during the 4th quarter worth $25,000. Valued Wealth Advisors LLC purchased a new stake in Booking during the 4th quarter worth $28,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in Booking during the 4th quarter worth $28,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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.