Booking (NASDAQ:BKNG) Given New $5,600.00 Price Target at Tigress Financial

Booking (NASDAQ:BKNG) had its target price raised by Tigress Financial from $4,580.00 to $5,600.00 in a research report released on Monday,Benzinga reports. They currently have a strong-buy rating on the business services provider’s stock.

A number of other equities research analysts have also issued reports on BKNG. Susquehanna upped their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Oppenheimer upped their target price on shares of Booking from $5,000.00 to $5,500.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Evercore ISI cut their target price on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. B. Riley increased their price objective on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $3,590.00 price objective on shares of Booking in a research note on Monday, October 7th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and a consensus price target of $4,785.00.

Booking Stock Performance

Shares of Booking stock opened at $5,199.31 on Monday. The firm has a market cap of $172.10 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The firm’s 50-day simple moving average is $4,457.76 and its 200-day simple moving average is $4,027.25. Booking has a 1 year low of $3,079.50 and a 1 year high of $5,211.66.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given 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 0.67%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the 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 completion of the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 2.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is owned by insiders.

Institutional Investors Weigh In On Booking

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKNG. Lake Street Advisors Group LLC lifted its position in Booking by 30.4% in the 1st quarter. Lake Street Advisors Group LLC now owns 292 shares of the business services provider’s stock worth $1,059,000 after buying an additional 68 shares in the last quarter. Pitcairn Co. increased its stake in shares of Booking by 6.3% during the 1st quarter. Pitcairn Co. now owns 469 shares of the business services provider’s stock worth $1,701,000 after purchasing an additional 28 shares during the last quarter. InterOcean Capital Group LLC increased its stake in shares of Booking by 2.7% during the 1st quarter. InterOcean Capital Group LLC now owns 720 shares of the business services provider’s stock worth $2,612,000 after purchasing an additional 19 shares during the last quarter. Evermay Wealth Management LLC increased its stake in shares of Booking by 64.9% during the 1st quarter. Evermay Wealth Management LLC now owns 61 shares of the business services provider’s stock worth $221,000 after purchasing an additional 24 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new position in shares of Booking during the 1st quarter worth $541,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

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.