Brokerages Set Booking Holdings Inc. (NASDAQ:BKNG) Price Target at $4,945.96

Shares of Booking Holdings Inc. (NASDAQ:BKNG) have been given a consensus recommendation of “Moderate Buy” by the thirty-two ratings firms that are presently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation, twenty have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $4,972.75.

Several equities research analysts have recently commented on the company. Cantor Fitzgerald restated a “neutral” rating and issued a $3,590.00 price objective on shares of Booking in a research note on Monday, October 7th. BMO Capital Markets raised their price objective on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada lifted their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Benchmark reiterated a “buy” rating and issued a $4,600.00 price target on shares of Booking in a research report on Tuesday, October 29th.

Booking Trading Up 0.1 %

Shares of BKNG stock opened at $4,909.79 on Thursday. 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 $162.50 billion, a P/E ratio of 33.32, a P/E/G ratio of 2.11 and a beta of 1.41. The company has a 50 day simple moving average of $5,040.76 and a two-hundred day simple moving average of $4,329.43.

Booking Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were issued a $8.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 annualized dividend and a dividend yield of 0.71%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Hedge Funds Weigh In On Booking

Several hedge funds have recently added to or reduced their stakes in the company. Garner Asset Management Corp grew its stake in shares of Booking by 0.8% during the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after buying an additional 2 shares during the last quarter. Optimist Retirement Group LLC grew its position in Booking by 2.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 2 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Booking by 4.1% in the second quarter. Parkside Financial Bank & Trust now owns 76 shares of the business services provider’s stock worth $301,000 after purchasing an additional 3 shares during the period. Quent Capital LLC lifted its position in shares of Booking by 2.7% during the third quarter. Quent Capital LLC now owns 113 shares of the business services provider’s stock worth $477,000 after purchasing an additional 3 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Booking by 23.1% during the third quarter. Hexagon Capital Partners LLC now owns 16 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 3 shares during the period. 92.42% of the stock is currently owned by institutional investors.

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.