Booking’s (BKNG) Neutral Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their neutral rating on shares of Booking (NASDAQ:BKNG) in a report issued on Monday, Benzinga reports. The brokerage currently has a $3,590.00 price objective on the business services provider’s stock.

Other analysts have also recently issued research reports about the stock. DA Davidson cut their price target on shares of Booking from $4,150.00 to $4,100.00 and set a buy rating on the stock in a report on Friday, August 2nd. Tigress Financial lifted their target price on shares of Booking from $4,285.00 to $4,580.00 and gave the company a strong-buy rating in a research note on Tuesday, July 9th. Jefferies Financial Group downgraded shares of Booking from a buy rating to a hold rating and decreased their price target for the stock from $4,350.00 to $4,200.00 in a research note on Wednesday, September 4th. Wells Fargo & Company lifted their price objective on Booking from $3,497.00 to $3,976.00 and gave the company an equal weight rating in a research report on Friday, August 2nd. Finally, StockNews.com lowered Booking from a buy rating to a hold rating in a research report on Monday, August 5th. Eleven 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $4,092.68.

Booking Trading Down 0.1 %

Shares of NASDAQ:BKNG opened at $4,288.22 on Monday. The company has a 50-day moving average price of $3,854.31 and a 200-day moving average price of $3,788.48. The company has a market cap of $145.49 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. Booking has a 12 month low of $2,733.04 and a 12 month high of $4,308.00.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The business had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same quarter in the prior year, the company posted $37.62 EPS. Booking’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, research analysts forecast that Booking will post 176.92 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, September 6th. Booking’s dividend payout ratio is presently 26.25%.

Insider Buying and Selling

In other news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction dated 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 owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the transaction, the chief executive officer now owns 24,721 shares in the company, valued at approximately $100,556,375.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

Institutional Trading of Booking

Several institutional investors have recently made changes to their positions in BKNG. Grove Bank & Trust boosted its stake in Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the period. POM Investment Strategies LLC bought a new position in shares of Booking during the second quarter worth $28,000. Kings Path Partners LLC purchased a new position in Booking during the second quarter valued at $28,000. West Financial Advisors LLC bought a new stake in Booking in the 3rd quarter valued at $29,000. Finally, Financial Connections Group Inc. purchased a new stake in Booking in the 2nd quarter worth $31,000. Hedge funds and other institutional investors 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.