Booking Holdings Inc. (NASDAQ:BKNG) Receives $5,044.43 Average PT from Brokerages

Shares of Booking Holdings Inc. (NASDAQ:BKNG) have earned a consensus rating of “Moderate Buy” from the thirty-one analysts that are covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, twenty have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $5,370.43.

Several equities analysts have issued reports on BKNG shares. Mizuho boosted their target price on Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Cantor Fitzgerald upped their price target on Booking from $4,900.00 to $5,540.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Citigroup upped their price target on Booking from $5,500.00 to $5,800.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Truist Financial upped their price target on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets upped their price target on Booking from $5,155.00 to $5,900.00 and gave the stock an “outperform” rating in a report on Friday, February 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BKNG. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking during the fourth quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking during the fourth quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new position in shares of Booking during the fourth quarter valued at approximately $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Booking during the fourth quarter valued at approximately $30,000. Finally, Promus Capital LLC acquired a new position in shares of Booking during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Booking Trading Down 2.3 %

NASDAQ BKNG opened at $4,918.13 on Friday. The business’s 50 day moving average is $4,899.44 and its two-hundred day moving average is $4,596.93. Booking has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The stock has a market capitalization of $161.39 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.71 and a beta of 1.39.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $35.82 by $5.73. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Equities analysts forecast that Booking will post 209.92 earnings per share for the current fiscal year.

Booking Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Booking’s previous quarterly dividend of $8.75. Booking’s dividend payout ratio (DPR) is currently 22.19%.

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.