Booking (NASDAQ:BKNG) Price Target Raised to $6,000.00

Booking (NASDAQ:BKNG) had its price objective boosted by Oppenheimer from $5,500.00 to $6,000.00 in a research report released on Friday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

A number of other analysts also recently weighed in on the stock. The Goldman Sachs Group upped their target price 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. Citigroup upped their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Barclays lifted their target price on shares of Booking from $4,500.00 to $5,100.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird began coverage on Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price objective for the company. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $4,837.17.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $5,300.34 on Friday. Booking has a 52-week low of $3,177.16 and a 52-week high of $5,337.20. The firm has a market capitalization of $175.43 billion, a P/E ratio of 35.97, a P/E/G ratio of 2.12 and a beta of 1.41. The stock has a 50 day moving average price of $4,705.52 and a 200-day moving average price of $4,145.94.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given 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 0.66%. Booking’s dividend payout ratio (DPR) is 23.75%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Garner Asset Management Corp lifted its position in shares of Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after buying an additional 2 shares in the last quarter. Optimist Retirement Group LLC raised its stake in Booking by 2.2% during the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after acquiring an additional 2 shares during the period. American National Bank lifted its holdings in Booking by 3.7% during the second quarter. American National Bank now owns 84 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 3 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Booking by 3.2% in the second quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock worth $380,000 after purchasing an additional 3 shares during the period. Finally, Jacobsen Capital Management increased its stake in shares of Booking by 1.6% in the second quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock worth $757,000 after purchasing an additional 3 shares in the last quarter. Hedge funds and other institutional investors 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.