Booking (NASDAQ:BKNG) Price Target Raised to $6,000.00

Booking (NASDAQ:BKNG) had its target price raised by Mizuho from $5,400.00 to $6,000.00 in a research report report published on Thursday morning,Benzinga reports. Mizuho currently has an outperform rating on the business services provider’s stock.

Several other analysts also recently issued reports on BKNG. BMO Capital Markets lifted their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their target price on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Susquehanna upped their price target on Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and issued a $5,400.00 price objective on shares of Booking in a report on Wednesday, December 11th. Finally, Wells Fargo & Company boosted their price objective 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. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4,909.90.

Booking Stock Up 1.4 %

Shares of BKNG stock opened at $5,048.59 on Thursday. The company has a market capitalization of $167.09 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 2.11 and a beta of 1.41. Booking has a 12-month low of $3,180.00 and a 12-month high of $5,337.24. The firm has a fifty day moving average of $4,893.64 and a 200-day moving average of $4,238.91.

Booking Dividend Announcement

The company also recently announced 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. This represents a $35.00 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, December 6th. Booking’s payout ratio is 23.75%.

Institutional Trading of Booking

Several institutional investors have recently added to or reduced their stakes in BKNG. Hennion & Walsh Asset Management Inc. increased its position in Booking by 55.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 95 shares of the business services provider’s stock worth $376,000 after acquiring an additional 34 shares during the period. Premier Path Wealth Partners LLC increased its holdings in shares of Booking by 2.8% during the second quarter. Premier Path Wealth Partners LLC now owns 183 shares of the business services provider’s stock worth $726,000 after purchasing an additional 5 shares during the period. Quotient Wealth Partners LLC raised its position in shares of Booking by 15.5% in the second quarter. Quotient Wealth Partners LLC now owns 97 shares of the business services provider’s stock valued at $384,000 after buying an additional 13 shares in the last quarter. Grove Bank & Trust boosted its stake in shares of Booking by 133.3% in 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. Finally, Family Firm Inc. acquired a new stake in Booking during the second quarter worth approximately $115,000. 92.42% of the stock is currently owned by 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.