Brokerages Set Booking Holdings Inc. (NASDAQ:BKNG) PT at $5,327.28

Shares of Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the thirty-two ratings firms that are covering the stock, Marketbeat Ratings reports. Ten research 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is $5,327.28.

Several equities analysts recently issued reports on BKNG shares. Barclays boosted their price target on Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. DA Davidson upped their target price on Booking from $5,005.00 to $5,800.00 and gave the company a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. reduced their target price on Booking from $5,750.00 to $4,850.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. BMO Capital Markets upped their target price on shares of Booking from $5,155.00 to $5,900.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Finally, Morgan Stanley raised their price target on shares of Booking from $4,600.00 to $5,000.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th.

Booking Trading Down 0.6 %

BKNG traded down $29.69 during midday trading on Friday, reaching $4,556.84. The company's stock had a trading volume of 288,049 shares, compared to its average volume of 248,554. The company has a fifty day simple moving average of $4,715.54 and a 200 day simple moving average of $4,769.51. The stock has a market cap of $149.53 billion, a P/E ratio of 26.33, a PEG ratio of 1.71 and a beta of 1.37. Booking has a twelve month low of $3,180.00 and a twelve month high of $5,337.24.

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Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. Sell-side analysts expect that Booking will post 209.92 earnings per share for the current year.

Booking Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.84%. This is a positive change from Booking's previous quarterly dividend of $8.75. The ex-dividend date of this dividend was Friday, March 7th. Booking's dividend payout ratio (DPR) is presently 22.19%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BKNG. Passumpsic Savings Bank grew its holdings in Booking by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 699 shares of the business services provider's stock worth $2,944,000 after acquiring an additional 18 shares during the period. Virtu Financial LLC grew its stake in shares of Booking by 268.5% during the third quarter. Virtu Financial LLC now owns 2,410 shares of the business services provider's stock worth $10,147,000 after purchasing an additional 1,756 shares during the period. Sanctuary Advisors LLC increased its holdings in Booking by 11.6% in the third quarter. Sanctuary Advisors LLC now owns 1,737 shares of the business services provider's stock valued at $7,316,000 after purchasing an additional 180 shares during the last quarter. World Investment Advisors LLC lifted its stake in Booking by 3,561.9% in the third quarter. World Investment Advisors LLC now owns 3,076 shares of the business services provider's stock valued at $12,955,000 after buying an additional 2,992 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its holdings in Booking by 27.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,550 shares of the business services provider's stock worth $6,529,000 after buying an additional 335 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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.