Booking (NASDAQ:BKNG) Price Target Increased to $4,025.00 by Analysts at JPMorgan Chase & Co.

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

Several other analysts have also recently issued reports on BKNG. DA Davidson boosted their price objective 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. Edward Jones reissued a hold rating on shares of Booking in a research report on Friday, February 16th. Susquehanna raised their price objective on Booking from $3,600.00 to $4,100.00 and gave the stock a positive rating in a report on Monday, February 26th. Evercore ISI boosted their target price on Booking from $3,800.00 to $4,500.00 and gave the stock an outperform rating in a report on Friday. Finally, UBS Group raised their price target on shares of Booking from $4,000.00 to $4,200.00 and gave the company a buy rating in a report on Monday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $3,823.00.

Booking Trading Up 3.0 %

NASDAQ BKNG opened at $3,577.38 on Friday. The business’s 50-day moving average price is $3,524.43 and its 200 day moving average price is $3,406.68. Booking has a twelve month low of $2,456.93 and a twelve month high of $3,918.00. The company has a market capitalization of $121.38 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, topping the consensus estimate of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same period in the prior year, the firm posted $11.60 EPS. The company’s revenue was up 16.9% on a year-over-year basis. Equities analysts predict that Booking will post 176.46 EPS for the current year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were paid a $8.75 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.98%. Booking’s dividend payout ratio (DPR) is presently 26.25%.

Insider Transactions at Booking

In related news, Director Radakovich Lynn Vojvodich sold 59 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total value of $218,300.00. Following the completion of the sale, the director now directly owns 289 shares of the company’s stock, valued at $1,069,300. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Paulo Pisano sold 300 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the completion of the sale, the insider now owns 4,233 shares of the company’s stock, valued at approximately $14,752,005. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the sale, the director now owns 289 shares in the company, valued at approximately $1,069,300. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,483 shares of company stock valued at $18,891,445. Insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Booking

Institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its holdings in shares of Booking by 22.6% during the third quarter. Commonwealth Equity Services LLC now owns 4,574 shares of the business services provider’s stock valued at $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 valued at $34,577,000 after purchasing an additional 529 shares during the period. Stratos Wealth Advisors LLC raised its holdings in shares of Booking by 6.3% during the third quarter. Stratos Wealth Advisors LLC now owns 85 shares of the business services provider’s stock valued at $262,000 after buying an additional 5 shares during the last quarter. Independent Advisor Alliance raised its holdings in shares of Booking by 0.7% during the third quarter. Independent Advisor Alliance now owns 601 shares of the business services provider’s stock valued at $1,854,000 after buying an additional 4 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of Booking during the third quarter worth approximately $256,000. 92.42% of the stock is 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.