Booking (NASDAQ:BKNG) PT Raised to $3,497.00

Booking (NASDAQ:BKNG) had its price objective lifted by analysts at Wells Fargo & Company from $3,494.00 to $3,497.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the business services provider’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 12.36% from the stock’s current price.

A number of other brokerages have also weighed in on BKNG. Argus upped their target price on Booking from $4,200.00 to $4,342.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Erste Group Bank raised Booking from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. BMO Capital Markets reaffirmed an “outperform” rating and set a $4,205.00 target price (up from $4,150.00) on shares of Booking in a research report on Friday, May 3rd. DA Davidson upped their target price on Booking from $4,100.00 to $4,150.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $3,950.00 target price on shares of Booking in a research report on Monday, May 6th. Nine research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3,914.00.

Booking Price Performance

Shares of BKNG stock opened at $3,990.05 on Tuesday. The business’s 50 day simple moving average is $3,831.67 and its 200 day simple moving average is $3,650.80. Booking has a one year low of $2,733.04 and a one year high of $4,040.00. The stock has a market capitalization of $135.38 billion, a PE ratio of 29.92, a PEG ratio of 1.19 and a beta of 1.38.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.03 by $6.36. The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Booking had a negative return on equity of 288.35% and a net margin of 21.81%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business earned $11.60 EPS. As a group, research analysts expect that Booking will post 178.54 earnings per share for the current year.

Insider Buying and Selling at Booking

In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the completion of the sale, the director now owns 211 shares of the company’s stock, valued at $756,027.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Booking news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the completion of the sale, the director now owns 211 shares of the company’s stock, valued at $756,027.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Glenn D. Fogel sold 750 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $3,534.10, for a total value of $2,650,575.00. Following the completion of the transaction, the chief executive officer now directly owns 26,971 shares of the company’s stock, valued at approximately $95,318,211.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,021 shares of company stock valued at $3,617,852. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Booking

A number of hedge funds have recently made changes to their positions in BKNG. Activest Wealth Management bought a new position in shares of Booking in the fourth quarter worth about $25,000. Naples Money Management LLC bought a new position in Booking during the fourth quarter valued at approximately $25,000. ICA Group Wealth Management LLC bought a new position in Booking during the fourth quarter valued at approximately $25,000. Valued Wealth Advisors LLC bought a new position in Booking during the fourth quarter valued at approximately $28,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Booking during the fourth quarter valued at approximately $28,000. Institutional investors 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.