Booking’s (BKNG) Market Outperform Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of Booking (NASDAQ:BKNG) in a report published on Wednesday,Benzinga reports. The brokerage currently has a $5,400.00 price objective on the business services provider’s stock.

BKNG has been the topic of a number of other research reports. Citigroup upped their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Robert W. Baird began coverage on Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price objective for the company. Oppenheimer lifted their target price on Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. BMO Capital Markets increased their price target on Booking from $4,205.00 to $5,155.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Baird R W upgraded Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,837.17.

Booking Stock Up 2.1 %

NASDAQ BKNG opened at $5,293.00 on Wednesday. The business has a 50 day moving average price of $4,769.32 and a 200-day moving average price of $4,173.46. Booking has a 52 week low of $3,180.00 and a 52 week high of $5,337.20. The company has a market cap of $175.18 billion, a price-to-earnings ratio of 35.92, a P/E/G ratio of 2.14 and a beta of 1.41.

Booking Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a dividend of $8.75 per share. The ex-dividend date is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a yield of 0.66%. Booking’s dividend payout ratio is presently 23.75%.

Institutional Trading of Booking

A number of institutional investors have recently modified their holdings of the business. Nations Financial Group Inc. IA ADV raised its holdings in Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after acquiring an additional 334 shares during the period. Cumberland Partners Ltd grew its position in shares of Booking by 25.0% in the third quarter. Cumberland Partners Ltd now owns 500 shares of the business services provider’s stock valued at $2,106,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC raised its stake in shares of Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock valued at $981,929,000 after purchasing an additional 233,052 shares during the period. Infusive Asset Management Inc. raised its stake in shares of Booking by 75.9% during the 3rd quarter. Infusive Asset Management Inc. now owns 1,196 shares of the business services provider’s stock valued at $5,038,000 after purchasing an additional 516 shares during the period. Finally, Claro Advisors LLC lifted its holdings in Booking by 16,668.9% during the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after purchasing an additional 15,002 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

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.