Booking (NASDAQ:BKNG) Price Target Raised to $6,000.00

Booking (NASDAQ:BKNG) had its price objective upped by analysts at B. Riley from $5,700.00 to $6,000.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. B. Riley’s price target indicates a potential upside of 14.75% from the stock’s previous close.

Several other research firms also recently issued reports on BKNG. DA Davidson increased their target price on Booking from $4,100.00 to $5,005.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. UBS Group boosted their price objective on shares of Booking from $5,050.00 to $5,550.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Citigroup increased their target price on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a report on Monday, November 4th. Cantor Fitzgerald lowered their price target on shares of Booking from $5,100.00 to $4,900.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Finally, Truist Financial upped their price target on shares of Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Nine investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5,197.57.

Booking Stock Up 4.2 %

Booking stock traded up $210.69 during midday trading on Friday, hitting $5,228.92. 190,509 shares of the stock were exchanged, compared to its average volume of 255,177. Booking has a 52-week low of $3,180.00 and a 52-week high of $5,337.24. The business’s 50-day moving average price is $4,908.11 and its 200-day moving average price is $4,540.81. The stock has a market capitalization of $173.08 billion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39.

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

Institutional Investors Weigh In On Booking

A number of hedge funds have recently bought and sold shares of BKNG. Private Advisor Group LLC increased its holdings in shares of Booking by 2.5% in the 3rd quarter. Private Advisor Group LLC now owns 2,435 shares of the business services provider’s stock valued at $10,256,000 after acquiring an additional 60 shares during the period. McAdam LLC purchased a new stake in Booking during the 3rd quarter valued at approximately $202,000. Great Lakes Retirement Inc. lifted its position in Booking by 5.4% during 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. grew 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 valued at $497,000 after purchasing an additional 23 shares during the last quarter. Finally, CENTRAL TRUST Co increased 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 purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

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.