Booking (NASDAQ:BKNG) Price Target Increased to $4,230.00 by Analysts at HSBC

Booking (NASDAQ:BKNG) had its target price boosted by HSBC from $4,220.00 to $4,230.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Other equities research analysts also recently issued reports about the company. Wedbush reiterated an outperform rating and set a $3,850.00 target price on shares of Booking in a report on Tuesday, April 30th. Evercore ISI upped their target price on shares of Booking from $3,800.00 to $4,500.00 and gave the company an outperform rating in a research note on Friday, May 3rd. Barclays lowered their price target on shares of Booking from $3,900.00 to $3,800.00 and set an overweight rating for the company in a report on Friday, February 23rd. Bank of America boosted their price objective on shares of Booking from $3,900.00 to $3,950.00 and gave the stock a neutral rating in a report on Friday, May 3rd. Finally, Oppenheimer raised their target price on Booking from $3,450.00 to $4,200.00 and gave the company an outperform rating in a research note on Monday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Booking presently has a consensus rating of Moderate Buy and a consensus target price of $3,844.48.

Booking Stock Up 0.2 %

BKNG opened at $3,605.41 on Tuesday. Booking has a 52-week low of $2,456.93 and a 52-week high of $3,918.00. The company has a 50 day moving average of $3,528.95 and a two-hundred day moving average of $3,418.38. The company has a market cap of $122.33 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.08 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share for the quarter, topping analysts’ consensus estimates of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the prior year, the company earned $11.60 EPS. The firm’s revenue was up 16.9% on a year-over-year basis. Research analysts anticipate that Booking will post 176.46 earnings per share for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $8.75 dividend. The ex-dividend date is Friday, June 7th. This represents a $35.00 annualized dividend and a yield of 0.97%. Booking’s dividend payout ratio is presently 26.25%.

Insider Buying and Selling at Booking

In other news, Director Radakovich Lynn Vojvodich sold 22 shares of Booking stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the sale, the director now owns 211 shares of the company’s stock, valued at $756,027.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total value of $78,827.54. Following the completion of the transaction, the director now owns 211 shares of the company’s stock, valued at $756,027.77. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of Booking stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $3,534.10, for a total transaction of $2,650,575.00. Following the sale, the chief executive officer now owns 26,971 shares in the company, valued at $95,318,211.10. The disclosure for this sale can be found here. Insiders sold 5,424 shares of company stock valued at $18,673,145 in the last ninety days. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Activest Wealth Management acquired a new stake in shares of Booking in the fourth quarter valued at $25,000. Naples Money Management LLC bought a new stake in Booking in the fourth quarter worth about $25,000. ICA Group Wealth Management LLC acquired a new stake in Booking in the 4th quarter valued at about $25,000. Valued Wealth Advisors LLC bought a new position in shares of Booking during the 4th quarter valued at about $28,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of Booking in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds 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.