Brokerages Set Booking Holdings Inc. (NASDAQ:BKNG) Target Price at $4,749.83

Booking Holdings Inc. (NASDAQ:BKNG) has received an average rating of “Moderate Buy” from the thirty-two analysts that are presently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $4,749.83.

BKNG has been the subject of several research analyst reports. Susquehanna raised their price objective on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Truist Financial boosted their price target on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a report on Thursday, November 7th. UBS Group boosted their price target on Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, StockNews.com raised Booking from a “hold” rating to a “buy” rating in a report on Saturday, November 9th.

Booking Price Performance

Shares of BKNG stock opened at $4,975.19 on Wednesday. The company has a market cap of $164.68 billion, a P/E ratio of 33.76, a PEG ratio of 1.55 and a beta of 1.38. The stock’s 50-day moving average is $4,360.27 and its 200 day moving average is $3,991.30. Booking has a 1-year low of $3,079.50 and a 1-year high of $5,069.44.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a $8.75 dividend. This represents a $35.00 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is currently 23.75%.

Insider Transactions at Booking

In related news, insider Paulo Pisano sold 100 shares of the stock in a transaction dated 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 transaction, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Booking

Hedge funds have recently bought and sold shares of the stock. Jamison Private Wealth Management Inc. acquired a new stake in Booking in the 3rd quarter valued at about $25,000. Grove Bank & Trust raised its position in shares of Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Booking during the 2nd quarter worth about $28,000. Kings Path Partners LLC acquired a new stake in shares of Booking during the 2nd quarter worth about $28,000. Finally, West Financial Advisors LLC purchased a new position in Booking during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

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.