Booking (NASDAQ:BKNG) Hits New 12-Month High - Time to Buy?

Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $5,405.00 and last traded at $5,416.64, with a volume of 21525 shares traded. The stock had previously closed at $5,332.80.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald dropped their price target on shares of Booking from $5,540.00 to $4,330.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. B. Riley lifted their price target on shares of Booking from $6,000.00 to $6,100.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Cfra raised shares of Booking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Barclays lifted their price target on shares of Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, BTIG Research raised shares of Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target for the company in a research note on Friday, April 4th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $5,299.29.

Booking Stock Down 0.0%

The company has a market cap of $179.01 billion, a PE ratio of 31.79, a P/E/G ratio of 1.71 and a beta of 1.42. The stock's 50 day moving average is $4,904.05 and its 200-day moving average is $4,913.98.

Booking (NASDAQ:BKNG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $24.81 earnings per share for the quarter, beating analysts' consensus estimates of $17.57 by $7.24. The business had revenue of $4.76 billion for the quarter, compared to analysts' expectations of $4.58 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The business's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $20.39 earnings per share. On average, analysts anticipate that Booking Holdings Inc. will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

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

Hedge Funds Weigh In On Booking

Several hedge funds and other institutional investors have recently bought and sold shares of the business. New Wave Wealth Advisors LLC purchased a new position in shares of Booking during the 4th quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new position in shares of Booking during the 4th quarter worth $30,000. Bernard Wealth Management Corp. purchased a new position in shares of Booking during the 4th quarter worth $30,000. Wealth Preservation Advisors LLC purchased a new position in shares of Booking during the 1st quarter worth $28,000. Finally, Valley National Advisers Inc. raised its holdings in shares of Booking by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider's stock worth $36,000 after acquiring an additional 6 shares during the period. Institutional investors and hedge funds 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.