Booking (NASDAQ:BKNG) Price Target Raised to $5,600.00

Booking (NASDAQ:BKNG) had its target price lifted by Barclays from $5,100.00 to $5,600.00 in a research note released on Friday morning,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

A number of other research analysts have also recently commented on BKNG. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Booking from $4,900.00 to $5,200.00 and gave the company a “buy” rating in a research report on Friday, November 1st. UBS Group upped their target price on shares of Booking from $5,050.00 to $5,550.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Susquehanna boosted their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Finally, JMP Securities reissued a “market outperform” rating and issued a $5,400.00 price objective on shares of Booking in a research note on Wednesday, December 11th. Nine investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $5,370.43.

Booking Trading Down 0.6 %

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

Booking (NASDAQ:BKNG) last posted its earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.60%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.18 billion. As a group, equities research analysts predict that Booking will post 207.62 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Mogy Joel R Investment Counsel Inc. grew its position in shares of Booking by 16.4% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 1,876 shares of the business services provider’s stock valued at $9,321,000 after buying an additional 264 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in shares of Booking by 55.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 931 shares of the business services provider’s stock valued at $3,921,000 after buying an additional 334 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Booking by 5.1% in the 4th quarter. Nordea Investment Management AB now owns 179,902 shares of the business services provider’s stock valued at $896,455,000 after buying an additional 8,735 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Booking by 6.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,869 shares of the business services provider’s stock worth $29,160,000 after purchasing an additional 368 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Booking by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 39,597 shares of the business services provider’s stock worth $166,787,000 after purchasing an additional 2,010 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

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.