Morgan Stanley Increases Booking (NASDAQ:BKNG) Price Target to $5,000.00

Booking (NASDAQ:BKNG - Free Report) had its price target hoisted by Morgan Stanley from $4,600.00 to $5,000.00 in a research note issued to investors on Monday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the business services provider's stock.

A number of other research analysts have also weighed in on the stock. Cantor Fitzgerald reissued a "neutral" rating and set a $3,590.00 price target on shares of Booking in a research report on Monday, October 7th. Wells Fargo & Company lifted their target price on shares of Booking from $3,976.00 to $4,173.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Oppenheimer upped their target price on Booking from $5,500.00 to $6,000.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Jefferies Financial Group lifted their price target on Booking from $4,200.00 to $4,300.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Finally, Susquehanna upped their price objective on Booking from $4,100.00 to $5,500.00 and gave the company a "positive" rating in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $4,987.04.

Booking Stock Up 0.5 %

NASDAQ BKNG traded up $24.35 on Monday, reaching $4,763.90. The company had a trading volume of 209,357 shares, compared to its average volume of 226,680. The company's fifty day moving average is $5,060.04 and its 200 day moving average is $4,352.76. Booking has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The stock has a market capitalization of $157.67 billion, a P/E ratio of 32.33, a P/E/G ratio of 2.11 and a beta of 1.41.

Booking Dividend Announcement

The business 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 was Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.73%. Booking's dividend payout ratio is presently 23.75%.

Institutional Investors Weigh In On Booking

A number of institutional investors and hedge funds have recently modified their holdings of BKNG. Geode Capital Management LLC raised its position in Booking by 1.4% during the third quarter. Geode Capital Management LLC now owns 797,116 shares of the business services provider's stock valued at $3,350,605,000 after buying an additional 11,211 shares during the period. Janus Henderson Group PLC grew its position in Booking by 0.5% during the third quarter. Janus Henderson Group PLC now owns 492,274 shares of the business services provider's stock valued at $2,073,508,000 after purchasing an additional 2,321 shares in the last quarter. Fisher Asset Management LLC increased its stake in Booking by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 418,742 shares of the business services provider's stock valued at $1,763,797,000 after buying an additional 13,429 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Booking by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 296,599 shares of the business services provider's stock worth $1,249,311,000 after buying an additional 11,649 shares in the last quarter. Finally, Icon Wealth Advisors LLC boosted its stake in shares of Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider's stock valued at $981,929,000 after buying an additional 233,052 shares during the period. 92.42% of the stock is 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.