Booking (NASDAQ:BKNG) Price Target Raised to $4,800.00 at Mizuho

Booking (NASDAQ:BKNG) had its price objective upped by Mizuho from $4,250.00 to $4,800.00 in a research report released on Thursday morning, Benzinga reports. Mizuho currently has an outperform rating on the business services provider’s stock.

Other equities research analysts also recently issued research reports about the stock. Tigress Financial upped their price target on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 9th. StockNews.com lowered Booking from a “buy” rating to a “hold” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered their price target on Booking from $4,275.00 to $4,105.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Wedbush increased their price objective on Booking from $3,850.00 to $4,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, UBS Group raised their price objective on Booking from $4,350.00 to $5,050.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $4,256.89.

Booking Stock Up 0.2 %

Shares of NASDAQ BKNG opened at $4,347.82 on Thursday. Booking has a 12 month low of $2,733.04 and a 12 month high of $4,395.00. The company has a market cap of $147.51 billion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 1.33 and a beta of 1.40. The business has a fifty day simple moving average of $4,058.49 and a 200-day simple moving average of $3,851.08.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The firm had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the previous year, the company earned $37.62 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts expect that Booking will post 177.17 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, September 6th. Booking’s payout ratio is 26.25%.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This trade 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 the SEC website. Corporate insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Booking by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock worth $10,718,390,000 after acquiring an additional 12,456 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Booking by 4.5% during the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after purchasing an additional 21,969 shares during the last quarter. Ninety One UK Ltd boosted its stake in Booking by 3.1% during the 2nd quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock valued at $1,421,069,000 after purchasing an additional 10,889 shares during the period. Mawer Investment Management Ltd. grew its holdings in Booking by 29.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after buying an additional 43,743 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in Booking by 22.1% in the 1st quarter. Nordea Investment Management AB now owns 159,956 shares of the business services provider’s stock valued at $584,492,000 after buying an additional 28,904 shares during the last quarter. 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.