Booking Holdings Inc. (NASDAQ:BKNG) Receives $5,299.29 Average Target Price from Brokerages

Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) has earned an average rating of "Moderate Buy" from the thirty-one research firms that are currently covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $5,299.29.

BKNG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. JMP Securities increased their target price on shares of Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 30th. BMO Capital Markets boosted their price target on shares of Booking from $5,000.00 to $5,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Wall Street Zen raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Finally, Citigroup increased their price objective on Booking from $5,500.00 to $5,800.00 and gave the stock a "buy" rating in a report on Friday, February 21st.

Institutional Trading of Booking

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New Wave Wealth Advisors LLC acquired a new position in Booking during the 4th quarter valued at $25,000. Summit Securities Group LLC bought a new position in shares of Booking during the 4th quarter worth about $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking during the fourth quarter valued at about $30,000. Wealth Preservation Advisors LLC bought a new stake in shares of Booking in the first quarter valued at about $28,000. Finally, Valley National Advisers Inc. grew its position in Booking by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after buying an additional 6 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Booking Trading Down 0.0%

NASDAQ:BKNG traded down $0.92 during trading hours on Friday, hitting $5,501.08. 232,656 shares of the stock traded hands, compared to its average volume of 246,995. The firm has a 50 day moving average price of $4,904.05 and a 200 day moving average price of $4,913.47. The firm has a market cap of $179.01 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 1.71 and a beta of 1.42. Booking has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,532.50.

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 firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. Booking's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $20.39 earnings per share. Research analysts predict that Booking will post 209.92 EPS for the current year.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $9.60 dividend. The ex-dividend date is Friday, June 6th. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.70%. Booking's payout ratio is presently 23.89%.

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.