Booking (NASDAQ:BKNG) Research Coverage Started at Robert W. Baird

Robert W. Baird initiated coverage on shares of Booking (NASDAQ:BKNG) in a report released on Wednesday morning, MarketBeat reports. The firm issued an outperform rating and a $5,850.00 target price on the business services provider’s stock.

Other research analysts have also issued reports about the company. Tigress Financial upped their target price on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. Morgan Stanley increased 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. DA Davidson upped their price target on shares of Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Evercore ISI decreased their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, JMP Securities boosted their price objective on shares of Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Ten 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4,820.50.

Booking Price Performance

Shares of BKNG stock opened at $5,201.98 on Wednesday. The stock’s 50-day moving average is $4,599.47 and its 200 day moving average is $4,089.44. Booking has a 1-year low of $3,079.50 and a 1-year high of $5,237.00. The company has a market cap of $172.17 billion, a P/E ratio of 35.30, a PEG ratio of 1.62 and a beta of 1.38.

Booking Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.67%. Booking’s payout ratio is 23.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jamison Private Wealth Management Inc. acquired a new position in Booking during the third quarter worth $25,000. Grove Bank & Trust boosted its position in shares of Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 4 shares during the last quarter. POM Investment Strategies LLC purchased a new stake in shares of Booking in the second quarter valued at about $28,000. Kings Path Partners LLC acquired a new stake in Booking during the second quarter worth about $28,000. Finally, West Financial Advisors LLC purchased a new position in Booking during the third quarter worth about $29,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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.