Booking (NASDAQ:BKNG) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Booking (NASDAQ:BKNG - Free Report) from a hold rating to a buy rating in a report issued on Saturday.

Other equities analysts have also recently issued research reports about the company. Piper Sandler increased their target price on Booking from $3,560.00 to $4,900.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Royal Bank of Canada increased their target price on Booking from $3,900.00 to $5,250.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Jefferies Financial Group increased their target price on Booking from $4,200.00 to $4,300.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. DA Davidson increased their target price on Booking from $4,100.00 to $5,005.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Oppenheimer increased their target price on Booking from $5,000.00 to $5,500.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Eleven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $4,749.83.

Booking Price Performance

BKNG stock traded up $22.40 during mid-day trading on Friday, reaching $4,943.27. 282,361 shares of the company's stock were exchanged, compared to its average volume of 248,525. The company has a market cap of $163.62 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38. The stock's 50 day moving average is $4,240.54 and its 200 day moving average is $3,931.94. Booking has a 12-month low of $2,998.52 and a 12-month high of $5,060.50.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be issued a $8.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.71%. Booking's dividend payout ratio (DPR) is presently 23.75%.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the transaction, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.12% of the stock is currently owned by company insiders.

Institutional Trading of Booking

Institutional investors have recently bought and sold shares of the business. Jamison Private Wealth Management Inc. acquired a new stake in shares of Booking during the third quarter worth about $25,000. Grove Bank & Trust increased its position in shares of Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider's stock worth $28,000 after purchasing an additional 4 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Booking during the second quarter worth about $28,000. Kings Path Partners LLC acquired a new stake in shares of Booking during the second quarter worth about $28,000. Finally, West Financial Advisors LLC acquired a new position in Booking in the 3rd quarter valued at about $29,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

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.