Booking (NASDAQ:BKNG) Price Target Raised to $5,500.00 at Susquehanna

Booking (NASDAQ:BKNG) had its target price hoisted by Susquehanna from $4,100.00 to $5,500.00 in a research report released on Friday, Benzinga reports. They currently have a positive rating on the business services provider’s stock.

Several other brokerages have also recently issued reports on BKNG. Jefferies Financial Group increased their target price on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. JMP Securities raised their price objective on Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a research report on Friday. StockNews.com downgraded shares of Booking from a “buy” rating to a “hold” rating in a report on Friday. Tigress Financial increased 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. Finally, Benchmark reiterated a “buy” rating and set a $4,600.00 price objective on shares of Booking in a research note on Tuesday, October 29th. Twelve analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,680.18.

Booking Price Performance

Shares of Booking stock opened at $4,749.11 on Friday. Booking has a 1 year low of $2,756.39 and a 1 year high of $4,856.60. The stock has a market cap of $157.20 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 1.52 and a beta of 1.38. The firm’s 50-day moving average is $4,136.96 and its two-hundred day moving average is $3,886.98.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. The firm had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $37.62 earnings per share. On average, equities analysts expect that Booking will post 177.79 earnings per share for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.74%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of Booking 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 completion of the transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Booking

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jamison Private Wealth Management Inc. acquired a new stake in Booking during the third quarter valued at $25,000. Grove Bank & Trust grew 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 period. POM Investment Strategies LLC purchased a new position in shares of Booking in the 2nd quarter valued at about $28,000. Kings Path Partners LLC purchased a new position in shares of Booking in the 2nd quarter valued at about $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking in the 3rd quarter worth about $29,000. 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.