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

Booking (NASDAQ:BKNG) had its target price lifted by Citigroup from $4,100.00 to $5,500.00 in a research note released on Monday morning, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

BKNG has been the topic of several other reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho upped their price target on shares of Booking from $4,250.00 to $4,800.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. BMO Capital Markets raised their price objective 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, October 31st. Bank of America upped their target price on Booking from $4,448.00 to $4,850.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Susquehanna lifted their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Twelve investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,729.14.

Booking Stock Up 1.8 %

BKNG opened at $5,001.19 on Monday. The stock has a market cap of $165.54 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 1.49 and a beta of 1.38. Booking has a 12-month low of $2,963.75 and a 12-month high of $5,060.50. The business has a 50 day moving average of $4,199.26 and a 200-day moving average of $3,914.68.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.70%. Booking’s payout ratio is currently 23.75%.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction that occurred on 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 sale, 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 filing with the SEC, which is available at this link. 0.12% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Booking

Several large investors have recently bought and sold shares of the company. Jamison Private Wealth Management Inc. bought a new position in Booking in the 3rd quarter valued at approximately $25,000. Grove Bank & Trust increased its position in Booking by 133.3% in 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 bought a new position in shares of Booking during the second quarter valued at $28,000. Kings Path Partners LLC acquired a new position in shares of Booking during the second quarter worth $28,000. Finally, West Financial Advisors LLC bought a new stake in shares of Booking in the third quarter worth $29,000. 92.42% of the stock is currently owned by institutional investors.

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.