Booking Holdings Inc. (NASDAQ:BKNG) Receives Average Rating of “Moderate Buy” from Brokerages

Booking Holdings Inc. (NASDAQ:BKNGGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the thirty-one research firms that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation, twenty-two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $3,914.00.

A number of research analysts have issued reports on BKNG shares. HSBC upped their target price on shares of Booking from $4,220.00 to $4,230.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Wedbush reaffirmed an “outperform” rating and set a $3,850.00 price target on shares of Booking in a research note on Tuesday, April 30th. Benchmark reissued a “hold” rating on shares of Booking in a report on Friday, May 3rd. StockNews.com downgraded Booking from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Argus raised their price target on Booking from $4,200.00 to $4,342.00 and gave the company a “buy” rating in a report on Tuesday, June 4th.

Check Out Our Latest Stock Report on BKNG

Booking Trading Up 0.3 %

Shares of Booking stock opened at $3,990.05 on Thursday. The company’s fifty day simple moving average is $3,831.67 and its 200-day simple moving average is $3,650.80. The company has a market cap of $135.38 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 1.19 and a beta of 1.38. Booking has a 1 year low of $2,733.04 and a 1 year high of $4,040.00.

Booking (NASDAQ:BKNGGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.03 by $6.36. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $11.60 EPS. As a group, research analysts forecast that Booking will post 178.54 earnings per share for the current fiscal year.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were given a dividend of $8.75 per share. The ex-dividend date was Friday, June 7th. This represents a $35.00 annualized dividend and a yield of 0.88%. Booking’s payout ratio is 26.25%.

Insider Buying and Selling

In other Booking news, insider Paulo Pisano sold 227 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total value of $812,830.25. Following the completion of the sale, the insider now owns 4,233 shares in the company, valued at approximately $15,157,314.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, the director now owns 211 shares in the company, valued at approximately $756,027.77. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paulo Pisano sold 227 shares of Booking stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $3,580.75, for a total value of $812,830.25. Following the transaction, the insider now owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The disclosure for this sale can be found here. Insiders have sold a total of 1,021 shares of company stock worth $3,617,852 in the last ninety days. 0.12% of the stock is owned by insiders.

Institutional Trading of Booking

Large investors have recently modified their holdings of the company. Activest Wealth Management purchased a new stake in shares of Booking in the fourth quarter worth about $25,000. Naples Money Management LLC purchased a new position in Booking during the 4th quarter worth $25,000. ICA Group Wealth Management LLC purchased a new position in Booking during the 4th quarter worth $25,000. Valued Wealth Advisors LLC purchased a new position in Booking during the 4th quarter worth $28,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Booking during the 4th quarter worth $28,000. Institutional investors own 92.42% of the company’s stock.

About Booking

(Get Free Report

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.

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Analyst Recommendations for Booking (NASDAQ:BKNG)

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