Truist Financial Boosts Booking (NASDAQ:BKNG) Price Target to $4,700.00

Booking (NASDAQ:BKNG) had its price target upped by equities research analysts at Truist Financial from $4,100.00 to $4,700.00 in a report released on Thursday, Benzinga reports. The firm presently has a “hold” rating on the business services provider’s stock. Truist Financial’s price target would suggest a potential downside of 6.02% from the company’s current price.

Several other research analysts have also issued reports on the company. Bank of America increased their price objective on Booking from $4,448.00 to $4,850.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised their price objective on shares of Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their price target on Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and issued a $4,600.00 target price on shares of Booking in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company boosted their price target on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Twelve investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4,749.83.

Booking Trading Up 1.8 %

Shares of NASDAQ BKNG opened at $5,001.19 on Thursday. The firm has a market capitalization of $165.54 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 1.49 and a beta of 1.38. The business has a fifty day simple moving average of $4,199.26 and a 200 day simple moving average of $3,914.68. Booking has a one year low of $2,963.75 and a one year high of $5,060.50.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares in the company, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.12% of the company’s stock.

Institutional Trading of Booking

Several large investors have recently made changes to their positions in BKNG. Adero Partners LLC bought a new position in shares of Booking in the 3rd quarter valued at $214,000. Evergreen Wealth Management LLC grew its position in Booking by 12.3% in the third quarter. Evergreen Wealth Management LLC now owns 301 shares of the business services provider’s stock valued at $1,266,000 after acquiring an additional 33 shares during the last quarter. Natixis Advisors LLC raised its stake in Booking by 2.7% during the third quarter. Natixis Advisors LLC now owns 15,608 shares of the business services provider’s stock worth $65,743,000 after acquiring an additional 415 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in shares of Booking by 464.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 14,770 shares of the business services provider’s stock valued at $62,213,000 after purchasing an additional 12,155 shares in the last quarter. Finally, KCM Investment Advisors LLC grew its holdings in shares of Booking by 8.2% during the 3rd quarter. KCM Investment Advisors LLC now owns 369 shares of the business services provider’s stock valued at $1,555,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds 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.