Booking (NASDAQ:BKNG) Given Buy Rating at BTIG Research

BTIG Research restated their buy rating on shares of Booking (NASDAQ:BKNG) in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $6,250.00 price objective on the business services provider’s stock.

BKNG has been the topic of a number of other research reports. Seaport Global Securities lifted their price objective on Booking from $6,030.00 to $6,260.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Mizuho set a $6,000.00 price target on Booking in a report on Wednesday, October 29th. BNP Paribas set a $6,100.00 price target on shares of Booking in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Booking from $6,723.00 to $6,790.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Finally, Wells Fargo & Company lifted their target price on shares of Booking from $5,443.00 to $5,523.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average target price of $6,149.23.

Booking Trading Up 0.6%

NASDAQ:BKNG opened at $5,439.27 on Tuesday. The company has a market cap of $175.31 billion, a P/E ratio of 35.35, a P/E/G ratio of 1.36 and a beta of 1.25. Booking has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The company’s 50-day moving average price is $5,083.78 and its 200-day moving average price is $5,371.61.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating analysts’ consensus estimates of $95.56 by $3.94. The company had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. Booking’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $83.39 EPS. On average, analysts expect that Booking will post 209.92 earnings per share for the current year.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a dividend of $9.60 per share. This represents a $38.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, December 5th. Booking’s dividend payout ratio is 24.96%.

Insider Transactions at Booking

In other news, Director Vanessa Ames Wittman sold 15 shares of Booking stock in a transaction on Monday, November 17th. The stock was sold at an average price of $5,030.00, for a total value of $75,450.00. Following the completion of the sale, the director directly owned 717 shares of the company’s stock, valued at approximately $3,606,510. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 625 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $5,141.53, for a total value of $3,213,456.25. Following the completion of the sale, the chief executive officer owned 22,982 shares in the company, valued at $118,162,642.46. This represents a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,324 shares of company stock valued at $17,193,557. Corporate insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC grew its stake in shares of Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock worth $1,249,000 after acquiring an additional 65 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Booking in the fourth quarter valued at $209,000. CW Advisors LLC grew its stake in Booking by 13.3% during the 1st quarter. CW Advisors LLC now owns 221 shares of the business services provider’s stock worth $1,023,000 after purchasing an additional 26 shares in the last quarter. J. Stern & Co. LLP increased its holdings in Booking by 20.3% during the 1st quarter. J. Stern & Co. LLP now owns 754 shares of the business services provider’s stock worth $3,472,000 after purchasing an additional 127 shares during the period. Finally, Epoch Investment Partners Inc. raised its position in Booking by 45.6% in the 1st quarter. Epoch Investment Partners Inc. now owns 26,899 shares of the business services provider’s stock valued at $123,921,000 after purchasing an additional 8,426 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Company Profile

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.