Booking (NASDAQ:BKNG) Price Target Raised to $5,005.00 at DA Davidson

Booking (NASDAQ:BKNG) had its price objective lifted by DA Davidson from $4,100.00 to $5,005.00 in a report released on Thursday morning, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other analysts also recently commented on BKNG. Cantor Fitzgerald restated a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. Tigress Financial boosted their target price on Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 9th. Jefferies Financial Group upped their target price on Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Mizuho lifted their price target on Booking from $4,250.00 to $4,800.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. cut their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Twelve equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $4,680.18.

Booking Price Performance

BKNG opened at $4,749.11 on Thursday. The stock’s 50 day moving average price is $4,136.96 and its 200 day moving average price is $3,883.88. The stock has a market cap of $157.20 billion, a P/E ratio of 32.23, a P/E/G ratio of 1.52 and a beta of 1.38. Booking has a 12 month low of $2,756.39 and a 12 month high of $4,856.60.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $83.89 EPS for the quarter, beating analysts’ consensus estimates of $77.94 by $5.95. The company had revenue of $7.99 billion for the quarter, compared to analyst estimates of $7.63 billion. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. Equities analysts anticipate that Booking will post 177.79 EPS for the current year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, December 6th. Booking’s payout ratio is presently 23.75%.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.12% of the company’s stock.

Institutional Trading of Booking

A number of institutional investors have recently bought and sold shares of BKNG. Proficio Capital Partners LLC lifted its holdings in shares of Booking by 1.9% during the 1st quarter. Proficio Capital Partners LLC now owns 157 shares of the business services provider’s stock valued at $570,000 after buying an additional 3 shares during the last quarter. Team Hewins LLC raised its position in Booking by 1.7% during the first quarter. Team Hewins LLC now owns 182 shares of the business services provider’s stock valued at $660,000 after acquiring an additional 3 shares in the last quarter. Csenge Advisory Group lifted its stake in Booking by 4.7% in the first quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 3 shares during the last quarter. Bleakley Financial Group LLC grew its position in Booking by 0.3% in the first quarter. Bleakley Financial Group LLC now owns 869 shares of the business services provider’s stock worth $3,153,000 after acquiring an additional 3 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its stake in shares of Booking by 0.8% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock worth $1,461,000 after purchasing an additional 3 shares during the last quarter. 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.