Booking (NASDAQ:BKNG) Price Target Raised to $4,150.00

Booking (NASDAQ:BKNG) had its price objective increased by DA Davidson from $4,100.00 to $4,150.00 in a research note published on Friday, Benzinga reports. DA Davidson currently has a buy rating on the business services provider’s stock.

A number of other research firms have also recently issued reports on BKNG. Seaport Res Ptn reiterated a buy rating on shares of Booking in a research report on Tuesday, February 20th. Mizuho increased their price target on Booking from $3,580.00 to $4,250.00 and gave the company a buy rating in a research note on Wednesday, January 17th. JMP Securities raised their price objective on Booking from $3,600.00 to $3,950.00 and gave the company a market outperform rating in a report on Monday, February 26th. Royal Bank of Canada upped their target price on Booking from $3,550.00 to $3,900.00 and gave the stock an outperform rating in a report on Friday, February 23rd. Finally, Bank of America lifted their price target on Booking from $3,900.00 to $3,950.00 and gave the company a neutral rating in a research note on Friday. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $3,823.00.

Booking Stock Performance

Shares of BKNG stock opened at $3,577.38 on Friday. Booking has a fifty-two week low of $2,456.93 and a fifty-two week high of $3,918.00. The stock’s fifty day moving average price is $3,524.43 and its two-hundred day moving average price is $3,406.68. The company has a market cap of $121.38 billion, a PE ratio of 26.83, a P/E/G ratio of 1.08 and a beta of 1.40.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same period last year, the firm posted $11.60 earnings per share. Booking’s revenue was up 16.9% compared to the same quarter last year. On average, equities analysts predict that Booking will post 176.46 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were paid a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, March 7th. Booking’s dividend payout ratio is presently 26.25%.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 59 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the transaction, the director now owns 289 shares in the company, valued at $1,069,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Booking news, Director Radakovich Lynn Vojvodich sold 59 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total value of $218,300.00. Following the completion of the sale, the director now owns 289 shares of the company’s stock, valued at $1,069,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the transaction, the chief executive officer now directly owns 26,971 shares in the company, valued at $95,318,211.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,483 shares of company stock worth $18,891,445. 0.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Activest Wealth Management acquired a new stake in shares of Booking in the 4th quarter worth about $25,000. Naples Money Management LLC purchased a new stake in shares of Booking in the fourth quarter worth approximately $25,000. ICA Group Wealth Management LLC bought a new position in shares of Booking in the fourth quarter valued at approximately $25,000. Valued Wealth Advisors LLC purchased a new position in shares of Booking during the fourth quarter valued at approximately $28,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in Booking in the 4th quarter valued at $28,000. 92.42% of the stock is 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.