Booking (NASDAQ:BKNG) Price Target Increased to $4,300.00 by Analysts at Jefferies Financial Group

Booking (NASDAQ:BKNG) had its target price raised by Jefferies Financial Group from $4,200.00 to $4,300.00 in a report released on Tuesday, Benzinga reports. They currently have a hold rating on the business services provider’s stock.

Several other brokerages have also weighed in on BKNG. Deutsche Bank Aktiengesellschaft lowered their price objective on Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Wedbush upped their target price on Booking from $3,850.00 to $4,200.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Barclays upped their target price on Booking from $3,900.00 to $4,500.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Bank of America lowered their target price on Booking from $3,950.00 to $3,750.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Tigress Financial upped their target price on Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 9th. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,133.75.

Booking Stock Up 0.3 %

Shares of Booking stock opened at $4,377.78 on Tuesday. The firm has a market cap of $146.74 billion, a P/E ratio of 30.65, a P/E/G ratio of 1.33 and a beta of 1.40. Booking has a fifty-two week low of $2,733.04 and a fifty-two week high of $4,395.00. The business has a 50-day moving average price of $4,015.02 and a 200 day moving average price of $3,835.37.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, beating the consensus estimate of $39.22 by $2.68. The firm had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. Booking’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $37.62 earnings per share. As a group, equities research analysts anticipate that Booking will post 177.05 earnings per share for the current year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a dividend of $8.75 per share. The ex-dividend date was Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.80%. Booking’s dividend payout ratio (DPR) is presently 24.50%.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Booking

Institutional investors and hedge funds have recently modified their holdings of the stock. New Mexico Educational Retirement Board raised its stake in Booking by 20.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 2,348 shares of the business services provider’s stock valued at $8,518,000 after purchasing an additional 400 shares during the period. CreativeOne Wealth LLC acquired a new position in shares of Booking in the first quarter worth $537,000. BDF Gestion acquired a new position in shares of Booking in the second quarter worth $6,897,000. Gamco Investors INC. ET AL acquired a new position in shares of Booking in the first quarter worth $519,000. Finally, Diversified Trust Co increased its stake in shares of Booking by 41.9% in the first quarter. Diversified Trust Co now owns 1,084 shares of the business services provider’s stock worth $3,933,000 after acquiring an additional 320 shares during the last quarter. Institutional investors and hedge funds 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.