Analysts Set Booking Holdings Inc. (NASDAQ:BKNG) PT at $3,723.41

Shares of Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty-nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, twenty-one have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $3,723.41.

A number of research firms have weighed in on BKNG. Erste Group Bank reiterated a "hold" rating on shares of Booking in a report on Wednesday, March 13th. JMP Securities upped their target price on Booking from $3,600.00 to $3,950.00 and gave the stock a "market outperform" rating in a report on Monday, February 26th. Royal Bank of Canada upped their target price on Booking from $3,550.00 to $3,900.00 and gave the stock an "outperform" rating in a report on Friday, February 23rd. B. Riley began coverage on Booking in a report on Wednesday, April 3rd. They set a "buy" rating and a $4,400.00 target price on the stock. Finally, Barclays dropped their price target on Booking from $3,900.00 to $3,800.00 and set an "overweight" rating on the stock in a research report on Friday, February 23rd.

Insider Activity

In other news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the transaction, the chief executive officer now directly owns 26,971 shares of the company's stock, valued at approximately $95,318,211.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Glenn D. Fogel sold 750 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the transaction, the chief executive officer now directly owns 26,971 shares of the company's stock, valued at approximately $95,318,211.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the company's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the sale, the director now owns 211 shares of the company's stock, valued at $756,027.77. The disclosure for this sale can be found here. Insiders have sold 5,461 shares of company stock valued at $18,815,825 in the last ninety days. 0.15% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Booking

Hedge funds and other institutional investors have recently modified their holdings of the stock. Activest Wealth Management purchased a new stake in shares of Booking in the 4th quarter worth $25,000. Naples Money Management LLC purchased a new stake in shares of Booking in the 4th quarter worth $25,000. ICA Group Wealth Management LLC purchased a new stake in shares of Booking in the 4th quarter worth $25,000. Valued Wealth Advisors LLC purchased a new stake in shares of Booking in the 4th quarter worth $28,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in Booking in the 4th quarter worth $28,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Price Performance

NASDAQ:BKNG traded up $18.60 during mid-day trading on Friday, reaching $3,521.08. 146,026 shares of the company's stock traded hands, compared to its average volume of 193,606. Booking has a 12-month low of $2,456.93 and a 12-month high of $3,918.00. The firm has a market capitalization of $119.79 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 1.06 and a beta of 1.40. The company has a 50 day moving average price of $3,547.11 and a 200-day moving average price of $3,385.88.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share for the quarter, topping analysts' consensus estimates of $29.72 by $2.28. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The firm had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the prior year, the business earned $24.74 EPS. The business's revenue for the quarter was up 18.2% on a year-over-year basis. As a group, analysts forecast that Booking will post 176.1 EPS for the current year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a dividend of $8.75 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 annualized dividend and a dividend yield of 0.99%. Booking's payout ratio is 29.67%.

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.