Booking (NASDAQ:BKNG) Stock Price Down 4.7% – Here’s What Happened

Booking Holdings Inc. (NASDAQ:BKNG) fell 4.7% during trading on Tuesday . The company traded as low as $4,684.23 and last traded at $4,695.98. 154,858 shares changed hands during trading, a decline of 29% from the average session volume of 217,790 shares. The stock had previously closed at $4,926.80.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BKNG shares. Deutsche Bank Aktiengesellschaft boosted their target price on Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays raised their target price on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. UBS Group lifted their target price on Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets upped their price target on shares of Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Citigroup lifted their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,997.64.

Booking Trading Up 4.3 %

The firm has a market capitalization of $159.48 billion, a PE ratio of 32.69, a PEG ratio of 1.59 and a beta of 1.41. The firm’s fifty day moving average price is $5,035.32 and its 200 day moving average price is $4,398.27.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s payout ratio is currently 23.75%.

Institutional Investors Weigh In On Booking

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Booking by 1.4% in the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock worth $3,350,605,000 after buying an additional 11,211 shares during the last quarter. Janus Henderson Group PLC grew its position in Booking by 0.5% in the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock worth $2,073,508,000 after acquiring an additional 2,321 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Booking by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after purchasing an additional 13,429 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Booking by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock valued at $1,249,311,000 after purchasing an additional 11,649 shares in the last quarter. Finally, Icon Wealth Advisors LLC lifted its stake in shares of Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after purchasing an additional 233,052 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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.