Booking (NASDAQ:BKNG) PT Lowered to $4,105.00 at Deutsche Bank Aktiengesellschaft

Booking (NASDAQ:BKNG) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $4,275.00 to $4,105.00 in a research report released on Friday, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Other research analysts have also issued research reports about the stock. Erste Group Bank upgraded shares of Booking from a hold rating to a buy rating in a research report on Friday, June 14th. Oppenheimer cut their price target on shares of Booking from $4,600.00 to $4,200.00 and set an outperform rating on the stock in a report on Friday. Bank of America decreased their price objective on Booking from $3,950.00 to $3,750.00 and set a neutral rating for the company in a report on Friday. JMP Securities reaffirmed a market outperform rating and set a $3,950.00 target price on shares of Booking in a report on Monday, May 6th. Finally, Evercore ISI decreased their price target on Booking from $4,500.00 to $4,200.00 and set an outperform rating for the company in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $4,039.73.

Booking Stock Performance

Shares of NASDAQ:BKNG opened at $3,328.13 on Friday. Booking has a 52-week low of $2,733.04 and a 52-week high of $4,144.32. The company has a market capitalization of $112.92 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.09 and a beta of 1.38. The company has a fifty day moving average of $3,872.03 and a 200-day moving average of $3,689.37.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. The business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. Booking had a negative return on equity of 237.46% and a net margin of 22.46%. Booking’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $37.62 EPS. On average, equities analysts forecast that Booking will post 178.9 EPS for the current fiscal year.

Booking Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a dividend of $8.75 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $35.00 annualized dividend and a yield of 1.05%. Booking’s payout ratio is 26.25%.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 227 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the sale, the insider now directly owns 4,233 shares of the company’s stock, valued at approximately $15,157,314.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Booking news, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the completion of the sale, the chief executive officer now directly owns 24,721 shares of the company’s stock, valued at approximately $100,556,375.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paulo Pisano sold 227 shares of Booking stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the transaction, the insider now directly owns 4,233 shares in the company, valued at approximately $15,157,314.75. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Institutional Trading of Booking

Institutional investors and hedge funds have recently modified their holdings of the business. Naples Money Management LLC purchased a new stake in shares of Booking during the 4th quarter valued at $25,000. ICA Group Wealth Management LLC purchased a new stake in Booking during the fourth quarter worth about $25,000. Grove Bank & Trust raised its position in Booking by 133.3% in the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4 shares during the period. POM Investment Strategies LLC purchased a new position in Booking in the second quarter valued at about $28,000. Finally, Kings Path Partners LLC purchased a new position in Booking in the second quarter valued at about $28,000. 92.42% of the stock is 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.