Bank of America Raises Booking (NASDAQ:BKNG) Price Target to $5,522.00

Booking (NASDAQ:BKNG) had its price target lifted by equities research analysts at Bank of America from $4,850.00 to $5,522.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Bank of America‘s price objective would indicate a potential upside of 7.12% from the company’s previous close.

A number of other research analysts also recently issued reports on BKNG. The Goldman Sachs Group boosted their price objective on Booking from $3,940.00 to $4,510.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. 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 target price on the stock. Truist Financial increased their target price on Booking from $4,100.00 to $4,700.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Jefferies Financial Group boosted their price target on Booking from $4,200.00 to $4,300.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Booking presently has an average rating of “Moderate Buy” and a consensus target price of $4,889.21.

Booking Stock Performance

NASDAQ:BKNG opened at $5,154.96 on Wednesday. Booking has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,337.24. The business has a 50 day moving average price of $4,851.49 and a 200-day moving average price of $4,216.60. The firm has a market cap of $170.61 billion, a PE ratio of 34.98, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

Institutional Investors Weigh In On Booking

A number of hedge funds and other institutional investors have recently bought and sold shares of BKNG. Hennion & Walsh Asset Management Inc. increased its stake in Booking by 55.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 95 shares of the business services provider’s stock valued at $376,000 after purchasing an additional 34 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in Booking by 8.8% in the second quarter. Atria Wealth Solutions Inc. now owns 1,123 shares of the business services provider’s stock worth $4,449,000 after purchasing an additional 91 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Booking by 5.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 947 shares of the business services provider’s stock worth $3,752,000 after purchasing an additional 52 shares during the last quarter. Catalina Capital Group LLC increased its stake in shares of Booking by 14.9% in the second quarter. Catalina Capital Group LLC now owns 154 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 20 shares during the period. Finally, Premier Path Wealth Partners LLC grew its position in Booking by 2.8% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 183 shares of the business services provider’s stock valued at $726,000 after buying an additional 5 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

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.