JMP Securities Reaffirms “Market Outperform” Rating for Booking (NASDAQ:BKNG)

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

Other analysts have also recently issued research reports about the stock. Citigroup increased their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Royal Bank of Canada upped their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Mizuho raised their target price on shares of Booking from $4,800.00 to $5,400.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Piper Sandler raised their target price on shares of Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4,866.03.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $5,227.61 on Wednesday. The stock has a market cap of $173.03 billion, a P/E ratio of 35.47, a P/E/G ratio of 2.14 and a beta of 1.41. The firm has a fifty day moving average price of $4,813.41 and a 200 day moving average price of $4,191.01. Booking has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Booking Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.67%. Booking’s dividend payout ratio (DPR) is presently 23.75%.

Institutional Investors Weigh In On Booking

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Garner Asset Management Corp grew its holdings in shares of Booking by 0.8% during the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock worth $1,087,000 after buying an additional 2 shares in the last quarter. Optimist Retirement Group LLC grew its holdings in shares of Booking by 2.2% during the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock worth $383,000 after buying an additional 2 shares in the last quarter. American National Bank grew its holdings in shares of Booking by 3.7% during the second quarter. American National Bank now owns 84 shares of the business services provider’s stock worth $333,000 after buying an additional 3 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Booking by 3.2% during the second quarter. First Horizon Advisors Inc. now owns 96 shares of the business services provider’s stock worth $380,000 after buying an additional 3 shares in the last quarter. Finally, Jacobsen Capital Management grew its holdings in shares of Booking by 1.6% during the second quarter. Jacobsen Capital Management now owns 191 shares of the business services provider’s stock worth $757,000 after buying an additional 3 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

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.