Booking (NASDAQ:BKNG) Price Target Raised to $3,950.00 at Bank of America

Booking (NASDAQ:BKNG) had its target price raised by Bank of America from $3,900.00 to $3,950.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

A number of other equities analysts have also recently commented on the company. Royal Bank of Canada lifted their target price on Booking from $3,550.00 to $3,900.00 and gave the stock an outperform rating in a report on Friday, February 23rd. Seaport Res Ptn reissued a buy rating on shares of Booking in a research note on Tuesday, February 20th. JMP Securities raised their price target on Booking from $3,600.00 to $3,950.00 and gave the stock a market outperform rating in a research note on Monday, February 26th. Wells Fargo & Company decreased their target price on Booking from $3,548.00 to $3,435.00 and set an equal weight rating for the company in a research report on Friday, February 23rd. Finally, BMO Capital Markets assumed coverage on Booking in a research report on Tuesday, January 9th. They set an outperform rating and a $4,150.00 target price for the company. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Booking has a consensus rating of Moderate Buy and an average target price of $3,823.00.

Booking Price Performance

Shares of Booking stock traded up $104.47 on Friday, reaching $3,577.38. The company had a trading volume of 534,715 shares, compared to its average volume of 200,734. The firm has a market cap of $121.70 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 1.05 and a beta of 1.40. The firm’s 50-day moving average price is $3,524.43 and its two-hundred day moving average price is $3,399.84. Booking has a 1 year low of $2,456.93 and a 1 year high of $3,918.00.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, topping analysts’ consensus estimates of $14.03 by $6.36. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Booking had a negative return on equity of 433.49% and a net margin of 21.81%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $11.60 EPS. As a group, analysts anticipate that Booking will post 176.1 EPS for the current year.

Booking Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, March 7th. Booking’s dividend payout ratio (DPR) is 26.25%.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total transaction of $75,619.50. Following the sale, the director now directly owns 189 shares of the company’s stock, valued at $649,640.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Booking news, CEO Glenn D. Fogel sold 4,302 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the transaction, the chief executive officer now owns 33,548 shares in the company, valued at $114,826,417. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total value of $75,619.50. Following the transaction, the director now owns 189 shares in the company, valued at approximately $649,640.25. The disclosure for this sale can be found here. Insiders have sold a total of 5,483 shares of company stock valued at $18,891,445 over the last ninety days. Company insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Booking

A number of hedge funds have recently bought and sold shares of the business. Activest Wealth Management purchased a new position in shares of Booking in the fourth quarter valued at approximately $25,000. Naples Money Management LLC purchased a new position in shares of Booking in the fourth quarter valued at approximately $25,000. ICA Group Wealth Management LLC purchased a new position in shares of Booking in the fourth quarter valued at approximately $25,000. Valued Wealth Advisors LLC purchased a new position in shares of Booking in the fourth quarter valued at approximately $28,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Booking in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

About Booking

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.