Analysts Set Booking Holdings Inc. (NASDAQ:BKNG) PT at $3,723.41

Booking Holdings Inc. (NASDAQ:BKNG) has received a consensus recommendation of “Moderate Buy” from the twenty-nine analysts that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation, twenty-one have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $3,723.41.

BKNG has been the subject of several research reports. Oppenheimer raised their price target on Booking from $3,450.00 to $4,200.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Evercore ISI lowered their price target on shares of Booking from $3,900.00 to $3,800.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays lowered their price target on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. Finally, BMO Capital Markets started coverage on Booking in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $4,150.00 price target on the stock.

Booking Price Performance

Shares of BKNG stock opened at $3,514.80 on Friday. Booking has a one year low of $2,456.93 and a one year high of $3,918.00. The stock has a market cap of $119.57 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40. The stock has a 50-day moving average of $3,543.07 and a 200-day moving average of $3,391.38.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The business had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period last year, the business posted $24.74 earnings per share. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, research analysts anticipate that Booking will post 176.1 earnings per share for the current year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given a dividend of $8.75 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 annualized dividend and a yield of 1.00%. Booking’s payout ratio is currently 29.67%.

Insider Activity at Booking

In other news, insider Paulo Pisano sold 300 shares of Booking stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the completion of the transaction, the insider now owns 4,233 shares in the company, valued at $14,752,005. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Booking news, insider Paulo Pisano sold 300 shares of Booking stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the completion of the transaction, the insider now owns 4,233 shares of the company’s stock, valued at approximately $14,752,005. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn D. Fogel sold 4,302 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, the chief executive officer now directly owns 33,548 shares in the company, valued at approximately $114,826,417. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,461 shares of company stock worth $18,815,825. Insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Booking

Several hedge funds have recently added to or reduced their stakes in BKNG. Activest Wealth Management bought a new stake in shares of Booking in the 4th quarter worth approximately $25,000. Naples Money Management LLC bought a new stake in Booking in the fourth quarter worth $25,000. ICA Group Wealth Management LLC purchased a new stake in Booking during the fourth quarter valued at about $25,000. Valued Wealth Advisors LLC purchased a new stake in Booking during the fourth quarter valued at about $28,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Booking during the fourth quarter valued at about $28,000. Institutional investors own 92.42% of the company’s stock.

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.