Booking Holdings Inc. (NASDAQ:BKNG) Receives $5,388.37 Average PT from Analysts

Shares of Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the thirty-one research firms that are presently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $5,388.37.

Several research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Booking from $5,360.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Wells Fargo & Company lifted their price target on shares of Booking from $4,567.00 to $4,692.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. BTIG Research upgraded shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 target price on the stock in a report on Friday, April 4th. Bank of America raised their target price on shares of Booking from $5,580.00 to $5,820.00 and gave the stock a "neutral" rating in a report on Monday, June 9th. Finally, B. Riley raised their target price on shares of Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th.

Insider Activity

In related news, CEO Glenn D. Fogel sold 1,013 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $5,356.07, for a total transaction of $5,425,698.91. Following the transaction, the chief executive officer now owns 27,646 shares of the company's stock, valued at $148,073,911.22. This represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.16% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Booking by 34.9% during the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider's stock worth $1,249,000 after acquiring an additional 65 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of Booking during the 4th quarter worth about $209,000. Sigma Planning Corp lifted its holdings in shares of Booking by 2.2% during the 4th quarter. Sigma Planning Corp now owns 138 shares of the business services provider's stock worth $686,000 after acquiring an additional 3 shares during the period. Wealthspire Advisors LLC lifted its holdings in shares of Booking by 49.5% during the 4th quarter. Wealthspire Advisors LLC now owns 166 shares of the business services provider's stock worth $825,000 after acquiring an additional 55 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of Booking by 15.9% during the 4th quarter. IFP Advisors Inc now owns 73 shares of the business services provider's stock worth $361,000 after acquiring an additional 10 shares during the period. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Price Performance

Shares of NASDAQ BKNG traded up $97.13 during trading on Thursday, hitting $5,693.13. The stock had a trading volume of 297,425 shares, compared to its average volume of 248,126. The company has a market capitalization of $185.25 billion, a PE ratio of 35.42, a PEG ratio of 1.77 and a beta of 1.41. The firm has a fifty day moving average of $5,274.77 and a two-hundred day moving average of $4,954.74. Booking has a 12 month low of $3,180.00 and a 12 month high of $5,711.48.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating the consensus estimate of $17.57 by $7.24. The company had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. Booking had a net margin of 22.58% and a negative return on equity of 143.67%. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $20.39 earnings per share. On average, equities analysts expect that Booking will post 209.92 earnings per share for the current fiscal year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, June 6th. Booking's payout ratio is currently 23.89%.

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.