Booking (NASDAQ:BKNG) Price Target Raised to $4,300.00 at Jefferies Financial Group

Booking (NASDAQ:BKNG) had its price target raised by Jefferies Financial Group from $4,200.00 to $4,300.00 in a research note released on Tuesday, Benzinga reports. They currently have a hold rating on the business services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Tigress Financial upped their target price on shares of Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 9th. Truist Financial started coverage on shares of Booking in a report on Friday, September 6th. They set a “hold” rating and a $4,100.00 target price for the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 target price on shares of Booking in a report on Monday, October 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $3,900.00 target price on shares of Booking in a report on Monday, August 5th. Finally, Barclays upped their target price on shares of Booking from $3,900.00 to $4,500.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $4,183.75.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $4,338.73 on Tuesday. The firm has a market cap of $145.43 billion, a PE ratio of 30.38, a PEG ratio of 1.33 and a beta of 1.40. The firm has a fifty day moving average of $4,029.83 and a 200 day moving average of $3,838.71. Booking has a one year low of $2,733.04 and a one year high of $4,395.00.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping the consensus estimate of $39.22 by $2.68. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $37.62 EPS. On average, equities analysts predict that Booking will post 177.17 EPS for the current fiscal year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Friday, September 6th. Booking’s dividend payout ratio is presently 24.50%.

Insider Activity

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Booking

Several institutional investors and hedge funds have recently made changes to their positions in the business. Orrstown Financial Services Inc. purchased a new position in shares of Booking during the 3rd quarter valued at approximately $510,000. Nisa Investment Advisors LLC lifted its stake in Booking by 6.3% during the third quarter. Nisa Investment Advisors LLC now owns 19,941 shares of the business services provider’s stock worth $83,994,000 after purchasing an additional 1,174 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Booking by 5.9% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 938 shares of the business services provider’s stock worth $3,953,000 after purchasing an additional 52 shares during the last quarter. Concord Wealth Partners lifted its stake in Booking by 254.5% during the third quarter. Concord Wealth Partners now owns 39 shares of the business services provider’s stock worth $164,000 after purchasing an additional 28 shares during the last quarter. Finally, Inscription Capital LLC lifted its stake in Booking by 7.0% during the third quarter. Inscription Capital LLC now owns 168 shares of the business services provider’s stock worth $709,000 after purchasing an additional 11 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

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.