Booking (NASDAQ:BKNG) Price Target Raised to $5,500.00 at Susquehanna

Booking (NASDAQ:BKNG) had its target price raised by analysts at Susquehanna from $4,100.00 to $5,500.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “positive” rating on the business services provider’s stock. Susquehanna’s target price suggests a potential upside of 15.81% from the company’s current price.

BKNG has been the topic of a number of other research reports. BMO Capital Markets increased 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. Wedbush increased their price objective on Booking from $3,900.00 to $4,750.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Tigress Financial boosted their target price on shares of Booking from $4,285.00 to $4,580.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 9th. Truist Financial started coverage on shares of Booking in a research report on Friday, September 6th. They set a “hold” rating and a $4,100.00 price target for the company. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $3,590.00 price objective on shares of Booking in a research note on Monday, October 7th. Twelve analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Booking presently has an average rating of “Moderate Buy” and an average target price of $4,680.18.

Booking Stock Up 1.6 %

Shares of BKNG stock opened at $4,749.11 on Friday. The firm has a market capitalization of $157.20 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 1.52 and a beta of 1.38. The stock has a fifty day moving average of $4,136.96 and a 200 day moving average of $3,883.88. Booking has a 52 week low of $2,756.39 and a 52 week high of $4,856.60.

Booking (NASDAQ:BKNG) last posted its earnings results on Wednesday, October 30th. The business services provider reported $83.89 EPS for the quarter, topping the consensus estimate of $77.94 by $5.95. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. The firm had revenue of $7.99 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Equities research analysts anticipate that Booking will post 177.79 earnings per share for the current year.

Insider Transactions at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. CreativeOne Wealth LLC purchased a new position in Booking during the first quarter valued at approximately $537,000. BDF Gestion bought a new stake in Booking during the 2nd quarter valued at approximately $6,897,000. Gamco Investors INC. ET AL bought a new stake in Booking during the 1st quarter valued at approximately $519,000. CWM LLC lifted its holdings in Booking by 11.8% in the 2nd quarter. CWM LLC now owns 2,631 shares of the business services provider’s stock worth $10,423,000 after purchasing an additional 277 shares in the last quarter. Finally, Claro Advisors LLC boosted its stake in Booking by 16,668.9% in the 3rd quarter. Claro Advisors LLC now owns 15,092 shares of the business services provider’s stock worth $63,569,000 after purchasing an additional 15,002 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

About Booking

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.