Booking Holdings Inc. (NASDAQ:BKNG) Receives $4,945.96 Average PT from Brokerages

Shares of Booking Holdings Inc. (NASDAQ:BKNG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirty-two research firms that are covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $4,945.96.

BKNG has been the topic of a number of recent research reports. Baird R W upgraded Booking to a "strong-buy" rating in a report on Wednesday, November 27th. Morgan Stanley increased their target price on shares of Booking from $4,200.00 to $4,600.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Mizuho boosted their price target on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Argus lowered shares of Booking from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, JMP Securities restated a "market outperform" rating and issued a $5,400.00 target price on shares of Booking in a research note on Wednesday, December 11th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV raised its position in shares of Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider's stock valued at $3,921,000 after buying an additional 334 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider's stock valued at $166,787,000 after purchasing an additional 2,010 shares during the last quarter. Cumberland Partners Ltd raised its holdings in shares of Booking by 25.0% during the 3rd quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider's stock valued at $2,106,000 after buying an additional 100 shares in the last quarter. Icon Wealth Advisors LLC lifted its position in Booking by 342,723.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock worth $981,929,000 after buying an additional 233,052 shares during the last quarter. Finally, Infusive Asset Management Inc. boosted its stake in Booking by 75.9% in the third quarter. Infusive Asset Management Inc. now owns 1,196 shares of the business services provider's stock worth $5,038,000 after buying an additional 516 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Booking Trading Down 0.9 %

NASDAQ BKNG traded down $43.13 during mid-day trading on Thursday, hitting $4,925.29. The company's stock had a trading volume of 141,245 shares, compared to its average volume of 243,695. The company's 50 day simple moving average is $5,018.40 and its 200 day simple moving average is $4,311.36. Booking has a twelve month low of $3,180.00 and a twelve month high of $5,337.24. The firm has a market capitalization of $163.01 billion, a price-to-earnings ratio of 33.42, a PEG ratio of 2.11 and a beta of 1.41.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 6th were paid a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.71%. Booking's dividend payout ratio is currently 23.75%.

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.