Booking (NASDAQ:BKNG) Stock Price Down 4.7% – What’s Next?

Booking Holdings Inc. (NASDAQ:BKNG) was down 4.7% on Tuesday . The company traded as low as $4,684.23 and last traded at $4,695.98. Approximately 154,858 shares changed hands during trading, a decline of 29% from the average daily volume of 217,790 shares. The stock had previously closed at $4,926.80.

Wall Street Analyst Weigh In

BKNG has been the subject of a number of recent research reports. Piper Sandler boosted their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. B. Riley increased their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. UBS Group increased their price objective on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Wedbush boosted their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average price target of $4,997.64.

Booking Stock Down 4.8 %

The stock has a market capitalization of $155.26 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41. The business’s 50-day moving average is $5,049.41 and its two-hundred day moving average is $4,391.39.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were given a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.75%. Booking’s payout ratio is 23.75%.

Institutional Investors Weigh In On Booking

Several hedge funds and other institutional investors have recently bought and sold shares of BKNG. Geode Capital Management LLC boosted its holdings in Booking by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider’s stock valued at $3,350,605,000 after acquiring an additional 11,211 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Booking by 0.5% in the 3rd quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider’s stock valued at $2,073,508,000 after purchasing an additional 2,321 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Booking by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider’s stock worth $1,763,797,000 after acquiring an additional 13,429 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Booking by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider’s stock worth $1,249,311,000 after purchasing an additional 11,649 shares during the last quarter. Finally, Icon Wealth Advisors LLC increased its stake in Booking by 342,723.5% in the third quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after purchasing an additional 233,052 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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.