Booking (NASDAQ:BKNG) Given New $4,850.00 Price Target at Bank of America

Booking (NASDAQ:BKNG) had its price target boosted by Bank of America from $4,448.00 to $4,850.00 in a research note released on Thursday, Benzinga reports. Bank of America currently has a neutral rating on the business services provider’s stock.

Several other equities analysts have also recently weighed in on BKNG. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. BMO Capital Markets boosted their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Jefferies Financial Group lifted 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. Twelve analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average target price of $4,680.18.

Booking Stock Up 1.6 %

Shares of BKNG stock opened at $4,749.11 on Thursday. The firm has a fifty day moving average of $4,136.96 and a 200-day moving average of $3,886.98. The company has a market capitalization of $157.20 billion, a price-to-earnings ratio of 32.23, a P/E/G ratio of 1.52 and a beta of 1.38. Booking has a 12-month low of $2,756.39 and a 12-month high of $4,856.60.

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

Booking Dividend Announcement

The company 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. This represents a $35.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio is 23.75%.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.12% of the company’s stock.

Institutional Trading of Booking

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. bought a new position in shares of Booking during the first quarter worth approximately $221,000. Norden Group LLC grew its position in Booking by 38.7% during the first quarter. Norden Group LLC now owns 294 shares of the business services provider’s stock worth $1,067,000 after buying an additional 82 shares in the last quarter. Diversify Advisory Services LLC bought a new position in Booking during the 1st quarter worth $1,226,000. Mission Wealth Management LP raised its holdings in Booking by 66.3% in the 1st quarter. Mission Wealth Management LP now owns 148 shares of the business services provider’s stock valued at $538,000 after acquiring an additional 59 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of Booking during the 1st quarter valued at $40,000. 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.