Barclays Issues Positive Forecast for Booking (NASDAQ:BKNG) Stock Price

Booking (NASDAQ:BKNG) had its target price hoisted by equities researchers at Barclays from $4,500.00 to $5,100.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Barclays‘s price target indicates a potential upside of 7.39% from the stock’s previous close.

A number of other research firms have also recently commented on BKNG. B. Riley lifted their target price on Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a research note on Thursday. Mizuho lifted their target price on Booking from $4,250.00 to $4,800.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Piper Sandler lifted their target price on Booking from $3,560.00 to $4,900.00 and gave the stock a “neutral” rating in a research note on Thursday. BMO Capital Markets lifted their target price on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Jefferies Financial Group boosted their price objective on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $4,680.18.

Booking Trading Up 1.6 %

Shares of NASDAQ:BKNG opened at $4,749.11 on Thursday. The stock’s fifty day simple moving average is $4,136.96 and its two-hundred day simple moving average is $3,880.99. Booking has a 1-year low of $2,756.39 and a 1-year high of $4,856.60. The stock has a market cap of $159.19 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 1.45 and a beta of 1.40.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $83.89 earnings per share for the quarter, beating the consensus estimate of $77.94 by $5.95. Booking had a negative return on equity of 165.63% and a net margin of 21.85%. The business had revenue of $7.99 billion for the quarter, compared to analysts’ expectations of $7.63 billion. On average, sell-side analysts forecast that Booking will post 177.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total value of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by insiders.

Institutional Trading of Booking

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC raised its holdings in shares of Booking by 1.9% during the first quarter. Proficio Capital Partners LLC now owns 157 shares of the business services provider’s stock valued at $570,000 after acquiring an additional 3 shares in the last quarter. Team Hewins LLC raised its holdings in shares of Booking by 1.7% during the first quarter. Team Hewins LLC now owns 182 shares of the business services provider’s stock valued at $660,000 after acquiring an additional 3 shares in the last quarter. Csenge Advisory Group raised its holdings in shares of Booking by 4.7% during the first quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 3 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Booking by 0.3% during the first quarter. Bleakley Financial Group LLC now owns 869 shares of the business services provider’s stock valued at $3,153,000 after acquiring an additional 3 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its holdings in shares of Booking by 0.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,461,000 after acquiring an additional 3 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.