Booking (NASDAQ:BKNG) Price Target Raised to $6,000.00

Booking (NASDAQ:BKNG) had its price target raised by B. Riley from $5,700.00 to $6,000.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

A number of other equities analysts also recently commented on BKNG. Royal Bank of Canada increased their price objective on Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company upped their target price on Booking from $4,470.00 to $5,248.00 and gave the stock an “equal weight” rating in a research report on Friday. Morgan Stanley upped their target price on Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. StockNews.com raised Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Finally, BMO Capital Markets upped their target price on Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Price Performance

Shares of BKNG opened at $4,989.22 on Friday. The company has a market capitalization of $165.13 billion, a price-to-earnings ratio of 28.83, a P/E/G ratio of 1.74 and a beta of 1.39. Booking has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The business’s 50-day moving average is $4,903.34 and its 200-day moving average is $4,568.73.

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

Institutional Trading of Booking

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Garner Asset Management Corp increased its stake in shares of Booking by 0.8% in the third quarter. Garner Asset Management Corp now owns 258 shares of the business services provider’s stock valued at $1,087,000 after buying an additional 2 shares in the last quarter. Optimist Retirement Group LLC boosted its holdings in Booking by 2.2% in the third quarter. Optimist Retirement Group LLC now owns 91 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 2 shares during the last quarter. Covestor Ltd boosted its holdings in Booking by 6.9% in the fourth quarter. Covestor Ltd now owns 31 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 2 shares during the last quarter. SageView Advisory Group LLC boosted its holdings in Booking by 1.6% in the fourth quarter. SageView Advisory Group LLC now owns 124 shares of the business services provider’s stock valued at $616,000 after acquiring an additional 2 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its holdings in Booking by 2.2% in the fourth quarter. Belpointe Asset Management LLC now owns 95 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 2 shares during the last quarter. 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.