Booking (NASDAQ:BKNG) Price Target Raised to $5,000.00

Booking (NASDAQ:BKNG) had its target price lifted by Morgan Stanley from $4,600.00 to $5,000.00 in a research note published on Monday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the business services provider’s stock.

A number of other research analysts also recently commented on the company. Baird R W upgraded Booking to a “strong-buy” rating in a research report on Wednesday, November 27th. Tigress Financial increased their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research report on Monday, November 18th. Mizuho lifted their price objective on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Robert W. Baird assumed coverage on shares of Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 target price on the stock. Finally, Benchmark reiterated a “buy” rating and issued a $4,600.00 price target on shares of Booking in a research report on Tuesday, October 29th. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4,987.04.

Booking Trading Up 1.1 %

NASDAQ:BKNG opened at $4,829.64 on Monday. The company has a market capitalization of $159.86 billion, a P/E ratio of 32.77, a P/E/G ratio of 1.60 and a beta of 1.41. The business’s 50-day moving average is $5,057.06 and its 200 day moving average is $4,363.83. Booking has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Booking Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a dividend of $8.75 per share. This represents a $35.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, December 6th. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Hedge Funds Weigh In On Booking

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Jamison Private Wealth Management Inc. purchased a new stake in Booking in the third quarter worth about $25,000. West Financial Advisors LLC purchased a new stake in shares of Booking in the 3rd quarter worth approximately $29,000. Addison Advisors LLC boosted its stake in shares of Booking by 80.0% during the third quarter. Addison Advisors LLC now owns 9 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of Booking during the second quarter valued at approximately $41,000. Finally, Carmichael Hill & Associates Inc. increased its holdings in Booking by 66.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 10 shares of the business services provider’s stock valued at $42,000 after buying an additional 4 shares during the period. Institutional investors own 92.42% of the company’s stock.

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.