Booking (NASDAQ:BKNG) Given New $5,800.00 Price Target at DA Davidson

Booking (NASDAQ:BKNG) had its price target raised by DA Davidson from $5,005.00 to $5,800.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

A number of other research analysts have also issued reports on BKNG. B. Riley upped their target price on shares of Booking from $5,700.00 to $6,000.00 and gave the company a “buy” rating in a report on Friday. Tigress Financial upped their price objective on shares of Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research note on Monday, November 18th. Robert W. Baird began coverage on shares of Booking in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 target price for the company. Susquehanna boosted their price target on Booking from $4,100.00 to $5,500.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, BMO Capital Markets raised their price objective on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating, twenty-one have assigned 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 a consensus target price of $5,370.43.

Booking Price Performance

Shares of BKNG opened at $4,989.22 on Friday. Booking has a 1-year low of $3,180.00 and a 1-year high of $5,337.24. The stock has a market cap of $165.14 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39. The firm has a 50 day simple moving average of $4,903.34 and a 200-day simple moving average of $4,551.96.

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

Hedge Funds Weigh In On Booking

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mogy Joel R Investment Counsel Inc. lifted its position in shares of Booking by 16.4% during the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock worth $9,321,000 after purchasing an additional 264 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in Booking by 55.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock worth $3,921,000 after buying an additional 334 shares during the period. Nordea Investment Management AB lifted its holdings in Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock worth $896,455,000 after buying an additional 8,735 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in Booking by 6.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock valued at $29,160,000 after buying an additional 368 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Booking by 5.3% during the third quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock valued at $166,787,000 after acquiring an additional 2,010 shares in the last quarter. Hedge funds and other 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.