Brokerages Set Booking Holdings Inc. (NASDAQ:BKNG) PT at $4,945.96

Shares of Booking Holdings Inc. (NASDAQ:BKNG) have earned a consensus recommendation of “Moderate Buy” from the thirty-two ratings firms that are presently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $4,972.75.

BKNG has been the topic of a number of recent research reports. Morgan Stanley increased their price target on Booking from $4,200.00 to $4,600.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Piper Sandler raised their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Bank of America upped their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Truist Financial boosted their price objective on shares of Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, Citigroup upped their target price on Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th.

Hedge Funds Weigh In On Booking

Institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp grew its stake in shares of Booking by 5.3% during the 2nd quarter. Van ECK Associates Corp now owns 967 shares of the business services provider’s stock worth $3,831,000 after purchasing an additional 49 shares during the period. Valmark Advisers Inc. purchased a new position in Booking in the second quarter valued at $214,000. Fiera Capital Corp raised its position in shares of Booking by 29.4% in the second quarter. Fiera Capital Corp now owns 1,836 shares of the business services provider’s stock worth $7,273,000 after acquiring an additional 417 shares during the period. Legacy Capital Wealth Partners LLC purchased a new stake in shares of Booking during the 2nd quarter worth about $333,000. Finally, Naviter Wealth LLC grew its position in shares of Booking by 10.8% during the 2nd quarter. Naviter Wealth LLC now owns 391 shares of the business services provider’s stock valued at $1,549,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Stock Up 0.1 %

Shares of NASDAQ:BKNG opened at $4,909.79 on Thursday. The business’s 50 day moving average is $5,040.76 and its 200 day moving average is $4,329.43. The stock has a market cap of $162.50 billion, a P/E ratio of 33.32, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. Booking has a 52-week low of $3,180.00 and a 52-week high of $5,337.24.

Booking Announces Dividend

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

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.