Booking (NASDAQ:BKNG) Coverage Initiated by Analysts at B. Riley

B. Riley began coverage on shares of Booking (NASDAQ:BKNGFree Report) in a report issued on Wednesday morning, MarketBeat.com reports. The firm issued a buy rating and a $4,400.00 price objective on the business services provider’s stock.

BKNG has been the topic of a number of other research reports. Wedbush restated an outperform rating and issued a $3,850.00 target price on shares of Booking in a research note on Friday, February 23rd. JPMorgan Chase & Co. boosted their target price on Booking from $3,560.00 to $3,950.00 and gave the stock an overweight rating in a research note on Friday, February 23rd. Evercore ISI reduced their price objective on Booking from $3,900.00 to $3,800.00 and set an outperform rating for the company in a report on Friday, February 23rd. Oppenheimer increased their price objective on Booking from $3,450.00 to $4,200.00 and gave the company an outperform rating in a report on Monday, February 5th. Finally, Wells Fargo & Company reduced their price objective on Booking from $3,548.00 to $3,435.00 and set an equal weight rating for the company in a report on Friday, February 23rd. Eight equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Booking currently has a consensus rating of Moderate Buy and an average price target of $3,723.41.

View Our Latest Report on BKNG

Booking Stock Performance

BKNG stock opened at $3,632.38 on Wednesday. The company has a market capitalization of $124.12 billion, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 1.09 and a beta of 1.40. Booking has a 52-week low of $2,456.93 and a 52-week high of $3,918.00. The business has a 50-day simple moving average of $3,589.15 and a two-hundred day simple moving average of $3,330.03.

Booking (NASDAQ:BKNGGet Free Report) last announced its earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The firm had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the business earned $24.74 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Booking will post 175.46 earnings per share for the current fiscal year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given a $8.75 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.96%. Booking’s dividend payout ratio (DPR) is presently 29.67%.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 28 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total value of $97,938.40. Following the sale, the director now owns 348 shares in the company, valued at $1,217,234.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Booking news, Director Radakovich Lynn Vojvodich sold 28 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $3,497.80, for a total transaction of $97,938.40. Following the sale, the director now owns 348 shares in the company, valued at $1,217,234.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paulo Pisano sold 300 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the sale, the insider now owns 4,233 shares in the company, valued at approximately $14,752,005. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,467 shares of company stock worth $22,299,114. Corporate insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Booking

Large investors have recently added to or reduced their stakes in the company. Activest Wealth Management bought a new position in shares of Booking during the fourth quarter valued at about $25,000. Naples Money Management LLC bought a new position in shares of Booking during the fourth quarter valued at about $25,000. ICA Group Wealth Management LLC bought a new position in shares of Booking during the fourth quarter valued at about $25,000. Valued Wealth Advisors LLC bought a new position in shares of Booking during the fourth quarter valued at about $28,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Booking during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

About Booking

(Get Free Report)

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.

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Analyst Recommendations for Booking (NASDAQ:BKNG)

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