Booking (NASDAQ:BKNG – Free Report) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $4,900.00 to $5,200.00 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the business services provider’s stock.
BKNG has been the topic of several other research reports. JMP Securities boosted their price objective on Booking from $5,000.00 to $5,400.00 and gave the stock a “market outperform” rating in a research report on Friday. B. Riley upped their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday. Truist Financial began coverage on Booking in a research report on Friday, September 6th. They set a “hold” rating and a $4,100.00 price objective on the stock. The Goldman Sachs Group increased their target price on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday. Finally, Piper Sandler increased their target price on Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a report on Thursday. Twelve equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $4,680.18.
Get Our Latest Analysis on BKNG
Booking Trading Up 1.6 %
Booking (NASDAQ:BKNG – Get Free Report) last announced its earnings results on Wednesday, October 30th. The business services provider reported $83.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $77.94 by $5.95. The company had revenue of $7.99 billion for the quarter, compared to analysts’ expectations of $7.63 billion. Booking had a negative return on equity of 165.63% and a net margin of 21.85%. As a group, analysts expect that Booking will post 177.37 earnings per share for the current year.
Booking Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.74%. Booking’s payout ratio is 23.75%.
Insiders Place Their Bets
In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by company insiders.
Hedge Funds Weigh In On Booking
Hedge funds have recently made changes to their positions in the company. CreativeOne Wealth LLC acquired a new stake in Booking in the 1st quarter worth about $537,000. BDF Gestion acquired a new stake in Booking in the 2nd quarter worth about $6,897,000. Gamco Investors INC. ET AL acquired a new position in shares of Booking during the 1st quarter worth approximately $519,000. CWM LLC boosted its holdings in shares of Booking by 11.8% during the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after purchasing an additional 277 shares during the last quarter. Finally, Claro Advisors LLC boosted its holdings in shares of Booking by 16,668.9% during the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after purchasing an additional 15,002 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.
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.
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