Booking (NASDAQ:BKNG) Price Target Raised to $4,025.00

Booking (NASDAQ:BKNG) had its target price hoisted by JPMorgan Chase & Co. from $3,950.00 to $4,025.00 in a report issued on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the business services provider’s stock.

Other equities analysts have also issued reports about the company. Susquehanna upped their target price on Booking from $3,600.00 to $4,100.00 and gave the stock a positive rating in a research report on Monday, February 26th. BMO Capital Markets reaffirmed an outperform rating and set a $4,205.00 price target (up from $4,150.00) on shares of Booking in a research report on Friday. DA Davidson boosted their target price on shares of Booking from $4,100.00 to $4,150.00 and gave the company a buy rating in a research note on Friday. Seaport Res Ptn reissued a buy rating on shares of Booking in a report on Tuesday, February 20th. Finally, Bank of America upped their target price on Booking from $3,900.00 to $3,950.00 and gave the stock a neutral rating in a research note on Friday. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $3,823.00.

Booking Stock Up 0.6 %

BKNG opened at $3,598.41 on Friday. The stock has a market cap of $122.09 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 1.08 and a beta of 1.40. Booking has a twelve month low of $2,456.93 and a twelve month high of $3,918.00. The company has a fifty day moving average of $3,526.40 and a 200-day moving average of $3,412.40.

Booking (NASDAQ:BKNG) last released its earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, topping the consensus estimate of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter last year, the firm posted $11.60 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis. Sell-side analysts anticipate that Booking will post 176.46 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a dividend of $8.75 per share. The ex-dividend date was Thursday, March 7th. This represents a $35.00 annualized dividend and a dividend yield of 0.97%. Booking’s payout ratio is 26.25%.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now owns 189 shares in the company, valued at $649,640.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the transaction, the chief executive officer now owns 33,548 shares of the company’s stock, valued at $114,826,417. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total value of $75,619.50. Following the completion of the transaction, the director now directly owns 189 shares in the company, valued at $649,640.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,483 shares of company stock valued at $18,891,445. 0.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BKNG. Commonwealth Equity Services LLC raised its stake in Booking by 22.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,574 shares of the business services provider’s stock worth $14,106,000 after acquiring an additional 844 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Booking by 5.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 11,212 shares of the business services provider’s stock worth $34,577,000 after purchasing an additional 529 shares in the last quarter. Stratos Wealth Advisors LLC boosted its holdings in Booking by 6.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 85 shares of the business services provider’s stock worth $262,000 after buying an additional 5 shares during the period. Independent Advisor Alliance increased its stake in Booking by 0.7% in the 3rd quarter. Independent Advisor Alliance now owns 601 shares of the business services provider’s stock worth $1,854,000 after buying an additional 4 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in Booking during the third quarter valued at about $256,000. 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.