Booking (NASDAQ:BKNG) Price Target Raised to $5,200.00 at Deutsche Bank Aktiengesellschaft

Booking (NASDAQ:BKNG) had its target price boosted by Deutsche Bank Aktiengesellschaft from $4,900.00 to $5,200.00 in a report issued on Friday morning, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other research firms have also recently issued reports on BKNG. StockNews.com cut shares of Booking from a “buy” rating to a “hold” rating in a report on Friday. Mizuho increased their price target on shares of Booking from $4,250.00 to $4,800.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Evercore ISI dropped their price target on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. dropped their price target on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Tigress Financial lifted their price target on shares of Booking from $4,285.00 to $4,580.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 9th. Twelve analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and an average price target of $4,680.18.

Booking Stock Performance

Shares of NASDAQ:BKNG traded up $72.86 during trading on Friday, hitting $4,749.11. The company’s stock had a trading volume of 519,752 shares, compared to its average volume of 247,428. The business has a 50 day moving average price of $4,136.96 and a two-hundred day moving average price of $3,880.99. The company has a market capitalization of $159.19 billion, a PE ratio of 32.23, a P/E/G ratio of 1.45 and a beta of 1.40. Booking has a fifty-two week low of $2,756.39 and a fifty-two week high of $4,856.60.

Booking (NASDAQ:BKNG) last released its quarterly earnings data 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. Booking had a net margin of 21.85% and a negative return on equity of 165.63%. The company had revenue of $7.99 billion during the quarter, compared to the consensus estimate of $7.63 billion. As a group, equities analysts expect that Booking will post 177.37 earnings per share for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s dividend payout ratio is 23.75%.

Insiders Place Their Bets

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the transaction, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Booking

Large investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its holdings in shares of Booking by 1.9% during the first quarter. Proficio Capital Partners LLC now owns 157 shares of the business services provider’s stock worth $570,000 after acquiring an additional 3 shares during the period. Team Hewins LLC grew its holdings in Booking by 1.7% during the 1st quarter. Team Hewins LLC now owns 182 shares of the business services provider’s stock worth $660,000 after acquiring an additional 3 shares during the period. Csenge Advisory Group boosted its position in shares of Booking by 4.7% during the 1st quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock worth $243,000 after purchasing an additional 3 shares in the last quarter. Bleakley Financial Group LLC lifted its position in Booking by 0.3% in the 1st quarter. Bleakley Financial Group LLC now owns 869 shares of the business services provider’s stock valued at $3,153,000 after acquiring an additional 3 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its position in Booking by 0.8% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,461,000 after acquiring an additional 3 shares in the last quarter. Institutional investors 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.