Brokerages Set Booking Holdings Inc. (NASDAQ:BKNG) Target Price at $4,837.17

Booking Holdings Inc. (NASDAQ:BKNG) has received a consensus recommendation of “Moderate Buy” from the thirty-three brokerages that are covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $4,866.03.

A number of equities analysts recently commented on the stock. Mizuho lifted their price target on shares of Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3,590.00 price target on shares of Booking in a research note on Monday, October 7th. Susquehanna lifted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. B. Riley lifted their price target on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Argus cut shares of Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st.

Booking Stock Down 0.5 %

Shares of NASDAQ:BKNG opened at $5,268.93 on Friday. Booking has a 52 week low of $3,180.00 and a 52 week high of $5,337.24. The firm has a fifty day simple moving average of $4,769.32 and a two-hundred day simple moving average of $4,173.46. The stock has a market capitalization of $174.39 billion, a P/E ratio of 35.92, a PEG ratio of 2.14 and a beta of 1.41.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.66%. Booking’s payout ratio is 23.75%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Icon Wealth Advisors LLC boosted its holdings in shares of Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after acquiring an additional 233,052 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Booking during the third quarter worth $5,322,600,000. Harvard Management Co. Inc. acquired a new position in Booking during the third quarter worth $155,427,000. 1832 Asset Management L.P. raised its position in Booking by 106.0% during the second quarter. 1832 Asset Management L.P. now owns 71,334 shares of the business services provider’s stock worth $282,590,000 after acquiring an additional 36,710 shares during the period. Finally, AustralianSuper Pty Ltd raised its position in Booking by 2,315.8% during the second quarter. AustralianSuper Pty Ltd now owns 36,793 shares of the business services provider’s stock worth $145,755,000 after acquiring an additional 35,270 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

About Booking

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.