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

Shares of Booking Holdings Inc. (NASDAQ:BKNGGet Free Report) have received a consensus rating of “Moderate Buy” from the thirty-two research firms that are presently covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation, twenty have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $4,997.64.

A number of research firms have recently commented on BKNG. Royal Bank of Canada boosted their price objective on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Benchmark restated a “buy” rating and set a $4,600.00 price objective on shares of Booking in a research report on Tuesday, October 29th. Robert W. Baird initiated coverage on shares of Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price on the stock. Tigress Financial raised their target price on shares of Booking from $4,580.00 to $5,600.00 and gave the stock a “strong-buy” rating in a report on Monday, November 18th. Finally, BMO Capital Markets upped their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a report on Thursday, October 31st.

View Our Latest Report on Booking

Institutional Trading of Booking

Several large investors have recently modified their holdings of BKNG. Jamison Private Wealth Management Inc. acquired a new position in Booking during the 3rd quarter worth $25,000. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Booking during the 4th quarter worth about $25,000. New Wave Wealth Advisors LLC bought a new stake in Booking during the 4th quarter valued at approximately $25,000. West Financial Advisors LLC acquired a new stake in Booking in the 3rd quarter valued at approximately $29,000. Finally, Valley National Advisers Inc. increased its position in Booking by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 7 shares of the business services provider’s stock worth $36,000 after buying an additional 6 shares during the period. 92.42% of the stock is owned by institutional investors.

Booking Price Performance

NASDAQ BKNG opened at $4,764.89 on Monday. Booking has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The firm has a market capitalization of $157.72 billion, a PE ratio of 32.33, a P/E/G ratio of 1.57 and a beta of 1.41. The company’s 50 day simple moving average is $5,028.05 and its 200 day simple moving average is $4,409.61.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were issued a dividend of $8.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $35.00 annualized dividend and a yield of 0.73%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Booking Company Profile

(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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