Booking (NASDAQ:BKNG) Price Target Raised to $5,522.00 at Bank of America

Booking (NASDAQ:BKNG) had its price target hoisted by Bank of America from $4,850.00 to $5,522.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

Several other research firms have also issued reports on BKNG. Susquehanna raised their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, November 1st. The Goldman Sachs Group lifted their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Mizuho upped their price target on shares of Booking from $4,800.00 to $5,400.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. JMP Securities reiterated a “market outperform” rating and set a $5,400.00 price target on shares of Booking in a report on Wednesday, December 11th. Finally, BMO Capital Markets boosted their price objective on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $4,909.90.

Booking Stock Up 0.4 %

Shares of BKNG stock traded up $21.70 during trading hours on Wednesday, hitting $4,965.05. 80,088 shares of the company’s stock traded hands, compared to its average volume of 245,125. Booking has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The stock has a market cap of $164.33 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The stock’s 50 day simple moving average is $4,864.52 and its 200 day simple moving average is $4,221.68.

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 issued a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.70%. Booking’s dividend payout ratio (DPR) is currently 23.75%.

Institutional Inflows and Outflows

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