Benchmark Raises Booking (NASDAQ:BKNG) Price Target to $5,900.00

Booking (NASDAQ:BKNG) had its price target upped by stock analysts at Benchmark from $5,000.00 to $5,900.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Benchmark’s price objective points to a potential upside of 12.40% from the stock’s current price.

A number of other brokerages have also weighed in on BKNG. Wells Fargo & Company lifted their price target on shares of Booking from $4,470.00 to $5,248.00 and gave the company an “equal weight” rating in a report on Friday. Mizuho boosted their price target on Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Oppenheimer upped their price target on Booking from $5,500.00 to $6,000.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada lifted their price target on shares of Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Nine research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5,244.00.

Booking Stock Up 4.6 %

Shares of NASDAQ:BKNG traded up $231.00 during midday trading on Friday, reaching $5,249.23. The company’s stock had a trading volume of 266,029 shares, compared to its average volume of 258,363. The business has a 50 day moving average price of $4,908.11 and a 200 day moving average price of $4,540.81. Booking has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The firm has a market cap of $173.75 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate of $35.82 by $5.73. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Booking had a negative return on equity of 166.06% and a net margin of 21.85%. Sell-side analysts anticipate that Booking will post 181.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Booking

Large investors have recently bought and sold shares of the business. Private Advisor Group LLC grew its position in Booking by 2.5% in the 3rd quarter. Private Advisor Group LLC now owns 2,435 shares of the business services provider’s stock worth $10,256,000 after purchasing an additional 60 shares during the last quarter. McAdam LLC bought a new stake in shares of Booking during the 3rd quarter worth about $202,000. Great Lakes Retirement Inc. lifted its stake in shares of Booking by 5.4% in the 3rd quarter. Great Lakes Retirement Inc. now owns 310 shares of the business services provider’s stock worth $1,304,000 after acquiring an additional 16 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Booking by 24.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 118 shares of the business services provider’s stock worth $497,000 after acquiring an additional 23 shares during the period. Finally, CENTRAL TRUST Co boosted its holdings in shares of Booking by 6.5% in the third quarter. CENTRAL TRUST Co now owns 363 shares of the business services provider’s stock valued at $1,530,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

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.