HSBC Increases Booking (NASDAQ:BKNG) Price Target to $4,230.00

Booking (NASDAQ:BKNG) had its target price boosted by HSBC from $4,220.00 to $4,230.00 in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Several other analysts have also recently weighed in on BKNG. JPMorgan Chase & Co. upped their price objective on shares of Booking from $3,950.00 to $4,025.00 and gave the stock an overweight rating in a research note on Friday, May 3rd. JMP Securities reiterated a market outperform rating and set a $3,950.00 price target on shares of Booking in a research report on Monday. DA Davidson raised 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 report on Friday, May 3rd. Benchmark reiterated a hold rating on shares of Booking in a research report on Friday, May 3rd. Finally, Susquehanna increased their price target on shares of Booking from $3,600.00 to $4,100.00 and gave the company a positive rating in a research note on Monday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $3,844.48.

Booking Trading Up 0.2 %

BKNG stock opened at $3,605.41 on Tuesday. Booking has a 1-year low of $2,456.93 and a 1-year high of $3,918.00. The business’s 50 day moving average is $3,528.95 and its 200-day moving average is $3,418.38. The firm has a market cap of $122.33 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.08 and a beta of 1.40.

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

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $35.00 annualized dividend and a yield of 0.97%. Booking’s dividend payout ratio (DPR) is currently 26.25%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total transaction of $75,619.50. Following the sale, the director now directly owns 189 shares in the company, valued at $649,640.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Booking news, insider Paulo Pisano sold 300 shares of the company’s stock in a transaction that occurred on 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 SEC, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 22 shares of Booking 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 transaction of $75,619.50. Following the completion of the sale, the director now owns 189 shares in the company, valued at $649,640.25. The disclosure for this sale can be found here. Insiders sold 5,424 shares of company stock worth $18,673,145 over the last quarter. 0.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Booking

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Activest Wealth Management bought a new stake in Booking during the fourth quarter worth about $25,000. Naples Money Management LLC acquired a new position in shares of Booking during the 4th quarter worth approximately $25,000. ICA Group Wealth Management LLC bought a new stake in shares of Booking during the 4th quarter worth approximately $25,000. Valued Wealth Advisors LLC bought a new stake in shares of Booking during the 4th quarter worth approximately $28,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Booking in the 4th quarter valued at approximately $28,000. 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.