Brokerages Set Booking Holdings Inc. (NASDAQ:BKNG) PT at $4,945.96

Shares of Booking Holdings Inc. (NASDAQ:BKNG) have been given an average recommendation of “Moderate Buy” by the thirty-two analysts that are presently covering the stock, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation, twenty have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $4,945.96.

A number of brokerages have recently weighed in on BKNG. Wells Fargo & Company boosted their price objective on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. B. Riley increased their price objective on Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays raised their price target on shares of Booking from $4,500.00 to $5,100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. Finally, Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st.

Institutional Investors Weigh In On Booking

A number of large investors have recently added to or reduced their stakes in BKNG. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking in the 3rd quarter valued at approximately $25,000. West Financial Advisors LLC bought a new position in Booking in the 3rd quarter valued at approximately $29,000. Addison Advisors LLC boosted its position in Booking by 80.0% in the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after buying an additional 4 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of Booking during the second quarter worth $41,000. Finally, Carmichael Hill & Associates Inc. raised its position in Booking by 66.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 4 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Price Performance

NASDAQ BKNG opened at $4,903.85 on Thursday. The stock’s 50-day moving average is $5,029.52 and its two-hundred day moving average is $4,317.97. Booking has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The firm has a market cap of $162.30 billion, a P/E ratio of 33.28, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were given a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.71%. Booking’s payout ratio is 23.75%.

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.