Truist Financial Issues Positive Forecast for Booking (NASDAQ:BKNG) Stock Price

Booking (NASDAQ:BKNG) had its target price upped by Truist Financial from $4,100.00 to $4,700.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a hold rating on the business services provider’s stock.

A number of other equities research analysts also recently issued reports on BKNG. Morgan Stanley boosted their price target on Booking from $4,200.00 to $4,600.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Susquehanna lifted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Oppenheimer boosted their price target on Booking from $5,000.00 to $5,500.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Twelve research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $4,749.83.

Booking Trading Up 0.5 %

Shares of NASDAQ BKNG traded up $22.40 on Thursday, reaching $4,943.27. 280,026 shares of the company traded hands, compared to its average volume of 248,514. The company has a 50 day moving average of $4,199.26 and a 200 day moving average of $3,914.68. Booking has a fifty-two week low of $2,998.52 and a fifty-two week high of $5,060.50. The stock has a market capitalization of $163.61 billion, a PE ratio of 33.54, a P/E/G ratio of 1.49 and a beta of 1.38.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, December 6th. Booking’s dividend payout ratio is 23.75%.

Insider Activity

In other Booking news, insider Paulo Pisano sold 100 shares of Booking 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 completion of the transaction, the insider now owns 3,787 shares in the company, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is owned by company insiders.

Institutional Trading of Booking

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Booking by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 2,954,450 shares of the business services provider’s stock valued at $10,718,390,000 after purchasing an additional 12,456 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Booking by 4.5% during the 1st quarter. Janus Henderson Group PLC now owns 514,336 shares of the business services provider’s stock worth $1,865,949,000 after purchasing an additional 21,969 shares during the last quarter. Ninety One UK Ltd raised its holdings in shares of Booking by 3.1% in the 2nd quarter. Ninety One UK Ltd now owns 358,720 shares of the business services provider’s stock worth $1,421,069,000 after purchasing an additional 10,889 shares during the period. International Assets Investment Management LLC bought a new position in Booking during the third quarter valued at $5,322,600,000. Finally, Acadian Asset Management LLC lifted its holdings in Booking by 15.1% during the second quarter. Acadian Asset Management LLC now owns 106,245 shares of the business services provider’s stock valued at $420,865,000 after purchasing an additional 13,908 shares during 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.