Booking (NASDAQ:BKNG) Price Target Raised to $5,522.00

Booking (NASDAQ:BKNG) had its target price raised by Bank of America from $4,850.00 to $5,522.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

Several other research firms have also issued reports on BKNG. Wells Fargo & Company increased their target price on Booking from $3,976.00 to $4,173.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group increased their price target on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. JMP Securities restated a “market outperform” rating and issued a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. Robert W. Baird began coverage on shares of Booking in a report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Booking from $4,900.00 to $5,200.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4,909.90.

Booking Stock Up 1.4 %

Shares of NASDAQ BKNG opened at $5,048.59 on Wednesday. Booking has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The business’s 50 day moving average is $4,893.64 and its two-hundred day moving average is $4,235.87. The firm has a market cap of $167.09 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.11 and a beta of 1.41.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Institutional Investors Weigh In On Booking

Large investors have recently modified their holdings of the company. Icon Wealth Advisors LLC raised its position in 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. International Assets Investment Management LLC purchased a new stake in shares of Booking in the third quarter valued at about $5,322,600,000. Harvard Management Co. Inc. purchased a new stake in shares of Booking in the third quarter valued at about $155,427,000. 1832 Asset Management L.P. boosted its stake in shares of Booking by 106.0% during the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock worth $282,590,000 after buying an additional 36,710 shares during the period. Finally, AustralianSuper Pty Ltd grew its holdings in shares of Booking by 2,315.8% during the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after buying an additional 35,270 shares during the last quarter. 92.42% of the stock is 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.