Analysts Set Booking Holdings Inc. (NASDAQ:BKNG) PT at $4,749.83

Booking Holdings Inc. (NASDAQ:BKNG) has been given a consensus recommendation of “Moderate Buy” by the thirty-two brokerages that are covering the company, MarketBeat Ratings reports. Ten investment 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. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $4,749.83.

Several research firms recently weighed in on BKNG. Evercore ISI dropped their price objective on Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Piper Sandler upped their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $4,600.00 target price on shares of Booking in a report on Tuesday, October 29th. JMP Securities increased their price objective on Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Finally, Morgan Stanley boosted their price objective on shares of Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st.

Booking Price Performance

Booking stock opened at $4,975.19 on Wednesday. The stock’s 50 day moving average price is $4,335.39 and its 200 day moving average price is $3,973.41. Booking has a 1-year low of $3,079.50 and a 1-year high of $5,069.44. The company has a market cap of $164.68 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.70%. Booking’s dividend payout ratio is currently 23.75%.

Insider Transactions at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Booking

Several hedge funds have recently modified their holdings of BKNG. Foyston Gordon & Payne Inc boosted its stake in shares of Booking by 2.0% in the 3rd quarter. Foyston Gordon & Payne Inc now owns 2,939 shares of the business services provider’s stock valued at $12,379,000 after purchasing an additional 57 shares during the last quarter. Conway Capital Management Inc. bought a new position in shares of Booking in the third quarter valued at approximately $577,000. Drucker Wealth 3.0 LLC grew its stake in shares of Booking by 1.2% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 917 shares of the business services provider’s stock worth $3,863,000 after acquiring an additional 11 shares in the last quarter. EWA LLC boosted its holdings in Booking by 5.3% during the third quarter. EWA LLC now owns 120 shares of the business services provider’s stock worth $505,000 after purchasing an additional 6 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in shares of Booking by 1.7% during the 3rd quarter. MML Investors Services LLC now owns 12,616 shares of the business services provider’s stock worth $53,140,000 after buying an additional 206 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

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.