Booking (NASDAQ:BKNG) PT Raised to $4,230.00 at HSBC

Booking (NASDAQ:BKNG) had its price target boosted by analysts at HSBC from $4,220.00 to $4,230.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. HSBC’s price objective points to a potential upside of 15.57% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of Booking from $3,550.00 to $3,900.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Edward Jones reaffirmed a “hold” rating on shares of Booking in a report on Friday, February 16th. Barclays lowered their target price on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. Erste Group Bank reaffirmed a “hold” rating on shares of Booking in a report on Wednesday, March 13th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $3,850.00 target price on shares of Booking in a report on Tuesday, April 30th. Ten research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $3,876.96.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $3,660.00 on Tuesday. Booking has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The firm has a market capitalization of $124.18 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.08 and a beta of 1.40. The company’s fifty day moving average price is $3,528.95 and its 200 day moving average price is $3,418.38.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The company had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same period last year, the firm posted $11.60 EPS. Booking’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, sell-side analysts anticipate that Booking will post 176.46 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Glenn D. Fogel sold 4,302 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the completion of the transaction, the chief executive officer now owns 33,548 shares of the company’s stock, valued at $114,826,417. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $3,437.25, for a total value of $75,619.50. Following the completion of the transaction, the director now owns 189 shares of the company’s stock, valued at $649,640.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Glenn D. Fogel sold 4,302 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the transaction, the chief executive officer now directly owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,424 shares of company stock worth $18,673,145. Insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Booking

A number of institutional investors have recently modified their holdings of BKNG. Norges Bank purchased a new stake in Booking in the fourth quarter valued at approximately $1,742,160,000. Northern Trust Corp grew its holdings in Booking by 1.3% in the third quarter. Northern Trust Corp now owns 383,996 shares of the business services provider’s stock valued at $1,184,224,000 after purchasing an additional 5,040 shares during the period. Fisher Asset Management LLC grew its holdings in Booking by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 376,734 shares of the business services provider’s stock valued at $1,336,362,000 after purchasing an additional 15,381 shares during the period. Sanders Capital LLC grew its holdings in Booking by 3.5% in the fourth quarter. Sanders Capital LLC now owns 275,172 shares of the business services provider’s stock valued at $976,096,000 after purchasing an additional 9,419 shares during the period. Finally, Mawer Investment Management Ltd. grew its holdings in Booking by 29.2% in the first quarter. Mawer Investment Management Ltd. now owns 193,515 shares of the business services provider’s stock valued at $702,049,000 after purchasing an additional 43,743 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.