Booking Holdings Inc. (NASDAQ:BKNG) Declares Quarterly Dividend of $9.60

Booking Holdings Inc. (NASDAQ:BKNG) announced a quarterly dividend on Monday, October 27th. Investors of record on Friday, December 5th will be given a dividend of 9.60 per share by the business services provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, December 5th.

Booking has a dividend payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Booking to earn $243.28 per share next year, which means the company should continue to be able to cover its $38.40 annual dividend with an expected future payout ratio of 15.8%.

Booking Stock Performance

NASDAQ BKNG traded down $46.29 during trading hours on Wednesday, hitting $5,088.79. 48,340 shares of the company traded hands, compared to its average volume of 248,838. The stock has a market capitalization of $164.01 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 1.23 and a beta of 1.25. Booking has a twelve month low of $4,096.23 and a twelve month high of $5,839.41. The business’s 50-day moving average is $5,104.89 and its 200-day moving average is $5,388.17.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $99.50 EPS for the quarter, beating the consensus estimate of $95.56 by $3.94. The company had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $8.71 billion. Booking had a negative return on equity of 134.86% and a net margin of 19.37%.The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $83.39 EPS. Analysts predict that Booking will post 209.92 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on BKNG. KeyCorp raised their target price on shares of Booking from $6,450.00 to $6,630.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Wells Fargo & Company upped their price objective on Booking from $5,443.00 to $5,523.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Cowen reiterated a “buy” rating on shares of Booking in a research report on Wednesday. Robert W. Baird set a $6,325.00 target price on shares of Booking in a research report on Wednesday, October 29th. Finally, Truist Financial set a $5,810.00 price target on shares of Booking in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6,141.52.

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.