Analysts Set Booking Holdings Inc. (NASDAQ:BKNG) Price Target at $5,299.29

Booking Holdings Inc. (NASDAQ:BKNG) has earned a consensus rating of “Moderate Buy” from the thirty-one research firms that are presently covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $5,377.33.

BKNG has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Booking from $5,000.00 to $4,800.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Barclays upped their price objective on shares of Booking from $5,100.00 to $5,600.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Wells Fargo & Company upped their price objective on shares of Booking from $4,567.00 to $4,692.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Piper Sandler decreased their price objective on shares of Booking from $5,120.00 to $5,077.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Finally, DA Davidson upped their price objective on shares of Booking from $5,005.00 to $5,800.00 and gave the company a “buy” rating in a report on Friday, February 21st.

Institutional Trading of Booking

Several hedge funds have recently bought and sold shares of BKNG. Realta Investment Advisors acquired a new stake in Booking in the 4th quarter valued at $520,000. Brighton Jones LLC grew its position in Booking by 34.9% in the 4th quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after purchasing an additional 65 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Booking in the 4th quarter valued at $209,000. OLD National Bancorp IN grew its position in Booking by 6.0% in the 4th quarter. OLD National Bancorp IN now owns 160 shares of the business services provider’s stock valued at $795,000 after purchasing an additional 9 shares during the period. Finally, New Wave Wealth Advisors LLC acquired a new stake in Booking in the 4th quarter valued at $25,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Up 0.8%

NASDAQ BKNG opened at $5,614.61 on Friday. The firm’s fifty day moving average price is $4,990.30 and its two-hundred day moving average price is $4,932.90. Booking has a 1 year low of $3,180.00 and a 1 year high of $5,639.70. The firm has a market capitalization of $182.70 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $17.57 by $7.24. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period in the prior year, the firm posted $20.39 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, research analysts anticipate that Booking will post 209.92 EPS for the current fiscal year.

Booking Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $9.60 per share. This represents a $38.40 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, June 6th. Booking’s dividend payout ratio (DPR) is 23.89%.

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.