Booking (NASDAQ:BKNG) Price Target Raised to $5,900.00

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

A number of other research analysts have also commented on the stock. Piper Sandler reiterated a “neutral” rating and set a $5,120.00 price objective (up previously from $4,900.00) on shares of Booking in a research note on Friday. Benchmark lifted their price target on Booking from $5,000.00 to $5,900.00 and gave the company a “buy” rating in a research report on Friday. Robert W. Baird started coverage on Booking in a report on Wednesday, November 27th. They issued an “outperform” rating and a $5,850.00 price objective for the company. Tigress Financial raised their target price on Booking from $4,580.00 to $5,600.00 and gave the company a “strong-buy” rating in a research note on Monday, November 18th. Finally, Bank of America boosted their price target on shares of Booking from $4,850.00 to $5,522.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Nine investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Booking has an average rating of “Moderate Buy” and an average target price of $5,370.43.

Booking Stock Performance

NASDAQ:BKNG opened at $4,989.22 on Friday. The stock has a market cap of $165.14 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 1.77 and a beta of 1.39. Booking has a 1 year low of $3,180.00 and a 1 year high of $5,337.24. The business has a fifty day moving average of $4,903.34 and a 200-day moving average of $4,551.96.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, February 20th. The business services provider reported $41.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $35.82 by $5.73. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. On average, equities research analysts predict that Booking will post 181.63 EPS for the current year.

Institutional Trading of Booking

Several institutional investors have recently made changes to their positions in the stock. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Booking in the 4th quarter worth approximately $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Booking in the fourth quarter worth $25,000. Summit Securities Group LLC purchased a new stake in shares of Booking during the fourth quarter worth $30,000. Bernard Wealth Management Corp. acquired a new stake in Booking during the fourth quarter valued at $30,000. Finally, Promus Capital LLC purchased a new position in Booking in the fourth quarter valued at about $35,000. 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.