Booking (NASDAQ:BKNG) Price Target Raised to $260.00 at UBS Group

Booking (NASDAQ:BKNGFree Report) had its target price upped by UBS Group from $259.00 to $260.00 in a report released on Monday morning, Marketbeat Ratings reports. UBS Group currently has a buy rating on the business services provider’s stock.

A number of other research firms also recently issued reports on BKNG. Sanford C. Bernstein dropped their price objective on shares of Booking from $216.28 to $187.92 and set a “market perform” rating on the stock in a research note on Wednesday, March 11th. Piper Sandler reiterated a “neutral” rating and set a $200.00 price objective (down from $230.00) on shares of Booking in a research note on Thursday, February 19th. BNP Paribas Exane dropped their price objective on shares of Booking from $244.00 to $240.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Wells Fargo & Company dropped their price objective on shares of Booking from $215.00 to $214.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $179.80 price objective (down from $233.20) on shares of Booking in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.45.

View Our Latest Stock Report on Booking

Booking Stock Performance

NASDAQ BKNG opened at $177.45 on Monday. The firm’s 50 day moving average price is $173.33 and its 200-day moving average price is $192.79. Booking has a 52-week low of $150.62 and a 52-week high of $233.58. The company has a market cap of $140.51 billion, a PE ratio of 26.70, a P/E/G ratio of 1.03 and a beta of 1.20.

Booking (NASDAQ:BKNGGet Free Report) last released its quarterly earnings data on Wednesday, February 18th. The business services provider reported $48.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $46.88. Booking had a net margin of 20.08% and a negative return on equity of 128.99%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same period last year, the firm earned $1.66 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts forecast that Booking will post 10.67 earnings per share for the current fiscal year.

Booking Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, March 6th. Booking’s dividend payout ratio (DPR) is 25.26%.

Insider Buying and Selling at Booking

In other Booking news, CEO Glenn D. Fogel sold 16,726 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $185.36, for a total value of $3,100,331.36. Following the completion of the sale, the chief executive officer directly owned 298,174 shares in the company, valued at $55,269,532.64. This trade represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $192.00, for a total transaction of $216,000.00. Following the completion of the sale, the director owned 16,050 shares of the company’s stock, valued at approximately $3,081,600. This trade represents a 6.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 60,876 shares of company stock worth $10,559,629 over the last three months. Corporate insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Booking

Several institutional investors have recently bought and sold shares of the company. J. Stern & Co. LLP lifted its stake in shares of Booking by 191,965.8% during the fourth quarter. J. Stern & Co. LLP now owns 2,832,970 shares of the business services provider’s stock worth $15,171,489,000 after buying an additional 2,831,495 shares during the period. Norges Bank acquired a new stake in shares of Booking during the fourth quarter worth $3,271,041,000. HF Advisory Group LLC lifted its stake in shares of Booking by 28,353.8% during the fourth quarter. HF Advisory Group LLC now owns 204,298 shares of the business services provider’s stock worth $1,094,083,000 after buying an additional 203,580 shares during the period. Cardano Risk Management B.V. lifted its stake in shares of Booking by 862.0% during the fourth quarter. Cardano Risk Management B.V. now owns 218,080 shares of the business services provider’s stock worth $1,167,890,000 after buying an additional 195,411 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Booking by 15.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 966,121 shares of the business services provider’s stock worth $5,173,899,000 after buying an additional 128,700 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Key Booking News

Here are the key news stories impacting Booking this week:

About Booking

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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.

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Analyst Recommendations for Booking (NASDAQ:BKNG)

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