Booking (NASDAQ:BKNG) Price Target Raised to $5,400.00

Booking (NASDAQ:BKNG) had its price target boosted by Mizuho from $4,800.00 to $5,400.00 in a research report released on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the business services provider’s stock.

Other equities analysts have also issued reports about the company. Citigroup upped their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday. Tigress Financial raised their target price on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 9th. Piper Sandler boosted their price target on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered their price objective on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, Truist Financial started coverage on shares of Booking in a research report on Friday, September 6th. They issued a “hold” rating and a $4,100.00 target price for the company. Twelve research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $4,749.83.

Booking Price Performance

NASDAQ BKNG opened at $4,920.87 on Tuesday. The company’s 50 day simple moving average is $4,199.26 and its two-hundred day simple moving average is $3,914.68. The stock has a market capitalization of $162.88 billion, a PE ratio of 33.39, a P/E/G ratio of 1.49 and a beta of 1.38. Booking has a 1 year low of $2,998.52 and a 1 year high of $5,060.50.

Booking Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a $8.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.71%. Booking’s dividend payout ratio is currently 23.75%.

Insider Activity

In related news, insider Paulo Pisano sold 100 shares of the firm’s 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 sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.12% of the company’s stock.

Institutional Trading of Booking

Several institutional investors and hedge funds have recently bought and sold shares of BKNG. Jamison Private Wealth Management Inc. bought a new position in shares of Booking in the 3rd quarter worth approximately $25,000. Grove Bank & Trust lifted its position in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after buying an additional 4 shares during the period. POM Investment Strategies LLC bought a new stake in shares of Booking during the 2nd quarter valued at $28,000. Kings Path Partners LLC purchased a new stake in shares of Booking in the 2nd quarter worth about $28,000. Finally, West Financial Advisors LLC bought a new position in shares of Booking in the 3rd quarter worth about $29,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

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.