Booking (NASDAQ:BKNG) Price Target Raised to $5,500.00 at Wedbush

Booking (NASDAQ:BKNG) had its price objective raised by Wedbush from $5,000.00 to $5,500.00 in a report issued on Monday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Several other equities research analysts have also weighed in on BKNG. Susquehanna increased their price objective on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Tigress Financial boosted their price objective on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. Morgan Stanley increased their target price on Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, Oppenheimer boosted their price target on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $4,972.75.

Booking Price Performance

Booking stock opened at $4,909.79 on Monday. Booking has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The company has a fifty day moving average price of $5,040.76 and a two-hundred day moving average price of $4,329.43. The company has a market cap of $162.50 billion, a PE ratio of 33.32, a P/E/G ratio of 2.11 and a beta of 1.41.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were given a dividend of $8.75 per share. The ex-dividend date was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.71%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Hedge Funds Weigh In On Booking

A number of hedge funds have recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV boosted its position in shares of Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 334 shares during the period. Principal Financial Group Inc. lifted its stake in Booking by 5.3% during the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after buying an additional 2,010 shares in the last quarter. Cumberland Partners Ltd boosted its holdings in shares of Booking by 25.0% in the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock worth $2,106,000 after buying an additional 100 shares during the period. Icon Wealth Advisors LLC increased its position in shares of Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after acquiring an additional 233,052 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Booking by 5.1% during the fourth quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after acquiring an additional 8,735 shares during the period. 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.