DA Davidson Boosts Booking (NASDAQ:BKNG) Price Target to $4,150.00

Booking (NASDAQ:BKNG) had its price objective lifted by DA Davidson from $4,100.00 to $4,150.00 in a research report report published on Friday, Benzinga reports. DA Davidson currently has a buy rating on the business services provider’s stock.

A number of other research firms have also commented on BKNG. UBS Group lifted their price objective on Booking from $4,000.00 to $4,200.00 and gave the stock a buy rating in a research note on Monday, February 5th. JMP Securities boosted their target price on Booking from $3,600.00 to $3,950.00 and gave the stock a market outperform rating in a report on Monday, February 26th. BMO Capital Markets began coverage on shares of Booking in a research report on Tuesday, January 9th. They issued an outperform rating and a $4,150.00 price objective for the company. Bank of America upped their target price on shares of Booking from $3,900.00 to $3,950.00 and gave the company a neutral rating in a research report on Friday. Finally, Royal Bank of Canada boosted their price target on shares of Booking from $3,550.00 to $3,900.00 and gave the company an outperform rating in a report on Friday, February 23rd. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking has an average rating of Moderate Buy and an average price target of $3,823.00.

Booking Stock Up 0.6 %

Shares of Booking stock opened at $3,598.41 on Friday. Booking has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The business has a fifty day simple moving average of $3,526.40 and a 200-day simple moving average of $3,412.40. The stock has a market cap of $122.09 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 1.08 and a beta of 1.40.

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, beating the consensus estimate of $14.03 by $6.36. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.25 billion. During the same period last year, the company earned $11.60 earnings per share. The business’s revenue was up 16.9% compared to the same quarter last year. Analysts expect that Booking will post 176.46 EPS for the current fiscal year.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were paid a dividend of $8.75 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $35.00 annualized dividend and a dividend yield of 0.97%. Booking’s dividend payout ratio is presently 26.25%.

Insider Activity at Booking

In other news, Director Radakovich Lynn Vojvodich sold 59 shares of Booking stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the completion of the transaction, the director now directly owns 289 shares in the company, valued at approximately $1,069,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Paulo Pisano sold 300 shares of Booking stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total transaction of $1,045,500.00. Following the completion of the sale, the insider now owns 4,233 shares of the company’s stock, valued at approximately $14,752,005. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the completion of the transaction, the director now directly owns 289 shares in the company, valued at $1,069,300. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,483 shares of company stock worth $18,891,445. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Booking

Institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Booking during the 4th quarter worth approximately $1,742,160,000. Northern Trust Corp lifted its holdings in shares of Booking by 1.3% during the third quarter. Northern Trust Corp now owns 383,996 shares of the business services provider’s stock worth $1,184,224,000 after buying an additional 5,040 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Booking by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 376,734 shares of the business services provider’s stock valued at $1,336,362,000 after acquiring an additional 15,381 shares during the period. Sanders Capital LLC grew its stake in shares of Booking by 3.5% in the fourth quarter. Sanders Capital LLC now owns 275,172 shares of the business services provider’s stock valued at $976,096,000 after acquiring an additional 9,419 shares in the last quarter. Finally, Mawer Investment Management Ltd. increased its position in Booking by 29.2% during the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock worth $702,049,000 after acquiring an additional 43,743 shares during the period. Institutional investors own 92.42% of the company’s stock.

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.