Booking (NASDAQ:BKNG) Price Target Raised to $5,900.00 at BMO Capital Markets

Booking (NASDAQ:BKNG) had its target price hoisted by BMO Capital Markets from $5,155.00 to $5,900.00 in a report released on Friday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Several other equities analysts also recently commented on the stock. Wells Fargo & Company upped their price target on shares of Booking from $4,470.00 to $5,248.00 and gave the company an “equal weight” rating in a research note on Friday. UBS Group upped their price target on shares of Booking from $5,560.00 to $5,960.00 and gave the company a “buy” rating in a research note on Friday. Baird R W upgraded shares of Booking to a “strong-buy” rating in a research note on Wednesday, November 27th. Royal Bank of Canada increased their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Oppenheimer raised their target price on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Price Performance

NASDAQ:BKNG opened at $4,989.22 on Friday. Booking has a one year low of $3,180.00 and a one year high of $5,337.24. The company has a market cap of $165.13 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.74 and a beta of 1.39. The firm’s fifty day moving average price is $4,903.34 and its two-hundred day moving average price is $4,568.73.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, beating the consensus estimate of $35.82 by $5.73. Booking had a net margin of 24.78% and a negative return on equity of 159.60%. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.18 billion. As a group, equities research 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 BKNG. Proficio Capital Partners LLC boosted its position in Booking by 621,874.8% during the 4th quarter. Proficio Capital Partners LLC now owns 864,545 shares of the business services provider’s stock worth $4,295,423,000 after buying an additional 864,406 shares during the period. Norges Bank acquired a new stake in Booking during the 4th quarter worth approximately $1,958,352,000. Icon Wealth Advisors LLC boosted its position in Booking by 342,723.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 233,120 shares of the business services provider’s stock worth $981,929,000 after buying an additional 233,052 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Booking by 51.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,629 shares of the business services provider’s stock worth $1,394,283,000 after buying an additional 95,308 shares during the period. Finally, Northern Trust Corp boosted its position in Booking by 18.8% during the 4th quarter. Northern Trust Corp now owns 368,628 shares of the business services provider’s stock worth $1,831,499,000 after buying an additional 58,357 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

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.