Booking Holdings Inc. (NASDAQ:BKNG) Given Average Rating of "Moderate Buy" by Analysts

Shares of Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirty-two analysts that are covering the firm, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $4,749.83.

Several brokerages recently issued reports on BKNG. Deutsche Bank Aktiengesellschaft increased their price objective on Booking from $4,900.00 to $5,200.00 and gave the stock a "buy" rating in a report on Friday, November 1st. DA Davidson increased their price objective on Booking from $4,100.00 to $5,005.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Piper Sandler increased their price objective on Booking from $3,560.00 to $4,900.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Benchmark reiterated a "buy" rating and set a $4,600.00 price objective on shares of Booking in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut their price objective on Booking from $4,025.00 to $3,860.00 and set an "overweight" rating for the company in a report on Friday, August 2nd.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the transaction, the insider now directly owns 3,787 shares of the company's stock, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.12% of the company's stock.

Hedge Funds Weigh In On Booking

Large investors have recently modified their holdings of the business. Nations Financial Group Inc. IA ADV increased its stake in Booking by 55.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider's stock valued at $3,921,000 after purchasing an additional 334 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in Booking in the first quarter valued at $537,000. BDF Gestion bought a new stake in Booking in the second quarter valued at $6,897,000. Gamco Investors INC. ET AL bought a new stake in Booking in the first quarter valued at $519,000. Finally, CWM LLC increased its stake in Booking by 11.8% in the second quarter. CWM LLC now owns 2,631 shares of the business services provider's stock valued at $10,423,000 after purchasing an additional 277 shares in the last quarter. Institutional investors own 92.42% of the company's stock.

Booking Stock Down 0.7 %

Shares of Booking stock traded down $35.48 during midday trading on Wednesday, hitting $4,987.44. The company's stock had a trading volume of 196,125 shares, compared to its average volume of 248,255. The firm has a market capitalization of $165.08 billion, a P/E ratio of 33.92, a PEG ratio of 1.56 and a beta of 1.38. The stock has a 50-day simple moving average of $4,287.85 and a 200-day simple moving average of $3,959.25. Booking has a 1-year low of $3,079.50 and a 1-year high of $5,069.44.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 annualized dividend and a dividend yield of 0.70%. Booking's dividend payout ratio is presently 23.75%.

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.