Booking Holdings Inc. (NASDAQ:BKNG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Booking Holdings Inc. (NASDAQ:BKNG) have earned an average rating of “Moderate Buy” from the thirty-two analysts that are covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $4,749.83.

A number of analysts have weighed in on BKNG shares. UBS Group boosted their price target on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Mizuho upped their target price on Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Barclays lifted their price target on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Oppenheimer upped their price objective on shares of Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, JMP Securities lifted their target price on shares of Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st.

Booking Stock Down 0.8 %

BKNG stock opened at $5,022.92 on Wednesday. The company has a 50 day moving average of $4,263.66 and a two-hundred day moving average of $3,948.67. The company has a market cap of $166.24 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 1.54 and a beta of 1.38. Booking has a 12-month low of $3,076.54 and a 12-month high of $5,069.44.

Booking Dividend Announcement

The company also recently announced 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. This represents a $35.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is 23.75%.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Booking

Large investors have recently made changes to their positions in the business. Nations Financial Group Inc. IA ADV grew its holdings in Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after acquiring an additional 334 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Booking during the first quarter valued at approximately $537,000. BDF Gestion acquired a new stake in shares of Booking in the second quarter valued at approximately $6,897,000. Gamco Investors INC. ET AL bought a new position in Booking in the 1st quarter worth approximately $519,000. Finally, CWM LLC lifted its holdings in Booking by 11.8% during the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after buying an additional 277 shares in the last quarter. Institutional investors 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.