Booking Holdings Inc. (NASDAQ:BKNG) Given Average Recommendation of “Moderate Buy” by Brokerages

Booking Holdings Inc. (NASDAQ:BKNG) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-two analysts that are presently covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $4,749.83.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. The Goldman Sachs Group upped their price objective on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. DA Davidson increased their target price on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JMP Securities boosted their price target on Booking from $5,000.00 to $5,400.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Finally, Barclays upped their price target on Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st.

Booking Trading Down 0.8 %

Shares of NASDAQ:BKNG opened at $5,022.92 on Wednesday. Booking has a 12-month low of $3,076.54 and a 12-month high of $5,069.44. The firm has a market cap of $166.24 billion, a PE ratio of 34.08, a price-to-earnings-growth ratio of 1.54 and a beta of 1.38. The company has a fifty day simple moving average of $4,263.66 and a 200 day simple moving average of $3,948.67.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.70%. Booking’s payout ratio is 23.75%.

Insiders Place Their Bets

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

Institutional Trading of Booking

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. raised its position in shares of Booking by 39.4% during the first quarter. Oppenheimer & Co. Inc. now owns 301 shares of the business services provider’s stock worth $1,092,000 after purchasing an additional 85 shares during the period. Avantax Advisory Services Inc. raised its holdings in Booking by 10.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 255 shares of the business services provider’s stock worth $926,000 after buying an additional 24 shares during the period. Koshinski Asset Management Inc. purchased a new stake in Booking during the first quarter valued at about $323,000. D Orazio & Associates Inc. boosted its holdings in shares of Booking by 7.1% in the first quarter. D Orazio & Associates Inc. now owns 90 shares of the business services provider’s stock worth $327,000 after buying an additional 6 shares during the period. Finally, HBK Sorce Advisory LLC boosted its holdings in shares of Booking by 12.4% in the first quarter. HBK Sorce Advisory LLC now owns 136 shares of the business services provider’s stock worth $493,000 after buying an additional 15 shares during the period. 92.42% of the stock is currently 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.