Booking (NASDAQ:BKNG - Free Report) had its target price decreased by JMP Securities from $6,100.00 to $5,600.00 in a report released on Wednesday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the business services provider's stock.
A number of other research firms have also recently commented on BKNG. BTIG Research raised Booking from a "neutral" rating to a "buy" rating and set a $5,500.00 price target on the stock in a report on Friday, April 4th. Barclays increased their price objective on shares of Booking from $5,100.00 to $5,600.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Morgan Stanley lifted their target price on Booking from $4,600.00 to $5,000.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. B. Riley raised their price target on Booking from $5,700.00 to $6,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, StockNews.com raised Booking from a "hold" rating to a "buy" rating in a report on Friday, March 28th. Eleven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $5,327.28.
Get Our Latest Stock Analysis on Booking
Booking Trading Down 0.3 %
Booking stock traded down $13.37 during midday trading on Wednesday, hitting $4,573.16. The stock had a trading volume of 128,549 shares, compared to its average volume of 247,929. Booking has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The company has a market capitalization of $150.07 billion, a PE ratio of 26.43, a P/E/G ratio of 1.71 and a beta of 1.37. The firm's fifty day moving average is $4,715.54 and its two-hundred day moving average is $4,769.51.
Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating analysts' consensus estimates of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.34%. The company had revenue of $5.47 billion for the quarter, compared to analysts' expectations of $5.18 billion. As a group, equities research analysts predict that Booking will post 209.92 earnings per share for the current fiscal year.
Booking Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $9.60 dividend. This represents a $38.40 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Booking's previous quarterly dividend of $8.75. Booking's dividend payout ratio (DPR) is currently 22.19%.
Hedge Funds Weigh In On Booking
Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in Booking by 521,609.7% during the 1st quarter. GAMMA Investing LLC now owns 2,363,345 shares of the business services provider's stock valued at $10,887,718,000 after purchasing an additional 2,362,892 shares during the last quarter. Proficio Capital Partners LLC boosted its position in Booking by 621,874.8% in the fourth quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider's stock valued at $4,295,423,000 after buying an additional 864,406 shares during the last quarter. Norges Bank acquired a new position in Booking in the 4th quarter worth approximately $1,958,352,000. Arrowstreet Capital Limited Partnership raised its position in Booking by 51.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider's stock worth $1,394,283,000 after buying an additional 95,308 shares during the last quarter. Finally, Northern Trust Corp raised its position in Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider's stock worth $1,831,499,000 after buying an additional 58,357 shares during the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.
About Booking
(
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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.
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