Booking Holdings Likely to Announce Stock Split, Market Cap at $164 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 52m ago
0mins
Source: Fool
- Stock Split Potential: Booking Holdings, with a market cap of $164 billion and a current share price of $5,098.04, is seen as the most likely candidate to announce a stock split, which could attract more retail investors and enhance market liquidity.
- Market Reaction Expectations: Despite NVR's high share price of $7,762 and its asset-light business model performing well, the company's long-standing avoidance of stock splits has led to negligible expectations for future splits, potentially undermining investor confidence.
- Seaboard's Challenges: Seaboard's diversified operations have seen double-digit revenue growth in three of the last five years, but its volatility raises concerns that a stock split after a strong year could lead to further price declines during economic downturns, increasing the risks associated with splitting.
- Investor Focus: Investors are generally drawn to potential stock split candidates, and Booking Holdings, due to its consumer-facing business model and lower price point, is likely to become a favored choice among investors, potentially driving its stock price higher.
Analyst Views on BKNG
Wall Street analysts forecast BKNG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKNG is 6153 USD with a low forecast of 5407 USD and a high forecast of 6850 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
18 Buy
7 Hold
0 Sell
Moderate Buy
Current: 5150.900
Low
5407
Averages
6153
High
6850
Current: 5150.900
Low
5407
Averages
6153
High
6850
About BKNG
Booking Holdings Inc. is a provider of travel and restaurant online reservation and related services. The Company offers its services through five primary consumer-facing brands: Booking.com, Priceline, Agoda, KAYAK, and OpenTable. Through its brands, consumers can book an array of accommodations (including hotels, motels, resorts, homes, apartments, bed and breakfasts, hostels, and other alternative and traditional accommodation properties) and a flight to their destinations; make a car rental reservation or arrange for an airport taxi; make a dinner reservation; or book a vacation package, tour, activity, or cruise. Consumers can also use its meta-search services to easily compare travel reservation information, such as flight, hotel, and rental car reservations from hundreds of online travel platforms at once. Booking.com offers accommodation reservation services for approximately 4.0 million properties in over 220 countries and territories and in over 40 languages.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
