Booking’s (BKNG) Neutral Rating Reiterated at Piper Sandler

Piper Sandler reaffirmed their neutral rating on shares of Booking (NASDAQ:BKNG) in a research note released on Friday morning,Benzinga reports. Piper Sandler currently has a $5,120.00 price objective on the business services provider’s stock, up from their previous price objective of $4,900.00.

A number of other research analysts have also recently issued reports on BKNG. Robert W. Baird began coverage on shares of Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target for the company. The Goldman Sachs Group lifted their target price on shares of Booking from $3,940.00 to $4,510.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Barclays lifted their target price on shares of Booking from $5,100.00 to $5,600.00 and gave the stock an “overweight” rating in a report on Friday. B. Riley lifted their target price on shares of Booking from $4,650.00 to $5,100.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Mizuho lifted their target price on shares of Booking from $5,400.00 to $6,000.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Nine equities research 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Trading Down 0.6 %

Shares of BKNG opened at $4,989.22 on Friday. The firm’s 50-day moving average price is $4,903.34 and its 200-day moving average price is $4,568.73. The firm has a market capitalization 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 has a 1-year low of $3,180.00 and a 1-year high of $5,337.24.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 24.78% and a negative return on equity of 159.60%. On average, research analysts forecast that Booking will post 207.62 EPS for the current fiscal year.

Institutional Trading of Booking

Large investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC boosted its position in shares of Booking by 2.5% in the third quarter. Private Advisor Group LLC now owns 2,435 shares of the business services provider’s stock worth $10,256,000 after purchasing an additional 60 shares during the period. McAdam LLC bought a new position in shares of Booking in the third quarter worth approximately $202,000. Great Lakes Retirement Inc. boosted its position in shares of Booking by 5.4% in the third quarter. Great Lakes Retirement Inc. now owns 310 shares of the business services provider’s stock worth $1,304,000 after purchasing an additional 16 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Booking by 24.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 118 shares of the business services provider’s stock worth $497,000 after purchasing an additional 23 shares during the period. Finally, CENTRAL TRUST Co boosted its position in shares of Booking by 6.5% in the third quarter. CENTRAL TRUST Co now owns 363 shares of the business services provider’s stock worth $1,530,000 after purchasing an additional 22 shares during the period. 92.42% of the stock is currently owned by 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.