DA Davidson Boosts Booking (NASDAQ:BKNG) Price Target to $5,800.00

Booking (NASDAQ:BKNG) had its price objective lifted by DA Davidson from $5,005.00 to $5,800.00 in a research note released on Friday,Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

BKNG has been the topic of several other research reports. Bank of America upped their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Mizuho increased their price target on shares of Booking from $5,400.00 to $6,000.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Robert W. Baird started coverage on Booking in a research note on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 target price for the company. Argus cut Booking from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of Booking from $5,575.00 to $5,750.00 and gave the stock an “overweight” rating in a research note on Friday. Nine research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Stock Down 0.6 %

Shares of NASDAQ BKNG opened at $4,989.22 on Friday. The firm’s 50-day simple moving average is $4,903.34 and its 200 day simple moving average is $4,568.73. The company has a market cap of $165.13 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. Booking has a 12-month low of $3,180.00 and a 12-month high of $5,337.24.

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. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.60%. On average, equities analysts expect that Booking will post 207.62 earnings per share for the current year.

Institutional Investors Weigh In On Booking

Several hedge funds have recently added to or reduced their stakes in the business. Garner Asset Management Corp lifted its holdings in Booking by 0.8% during the 3rd quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 2 shares during the last quarter. Optimist Retirement Group LLC lifted its holdings in Booking by 2.2% during the 3rd quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 2 shares during the last quarter. Covestor Ltd lifted its holdings in Booking by 6.9% during the 4th quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 2 shares during the last quarter. SageView Advisory Group LLC lifted its holdings in shares of Booking by 1.6% during the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock worth $616,000 after buying an additional 2 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its holdings in shares of Booking by 2.2% during the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock worth $472,000 after buying an additional 2 shares in 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.