Booking (NASDAQ:BKNG) Price Target Raised to $5,100.00 at Barclays

Booking (NASDAQ:BKNG) had its price target raised by Barclays from $4,500.00 to $5,100.00 in a report published on Thursday, Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Several other equities research analysts also recently commented on the stock. Truist Financial assumed coverage on shares of Booking in a research report on Friday, September 6th. They set a “hold” rating and a $4,100.00 target price for the company. Cantor Fitzgerald reissued a “neutral” rating and set a $3,590.00 target price on shares of Booking in a research report on Monday, October 7th. UBS Group boosted their target price on shares of Booking from $4,350.00 to $5,050.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their target price on shares of Booking from $4,205.00 to $5,155.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $3,900.00 target price on shares of Booking in a research report on Monday, August 5th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking currently has a consensus rating of “Moderate Buy” and an average price target of $4,510.71.

Booking Price Performance

NASDAQ BKNG traded up $43.82 during mid-day trading on Thursday, reaching $4,720.07. 43,751 shares of the stock were exchanged, compared to its average volume of 245,183. Booking has a one year low of $2,756.39 and a one year high of $4,856.60. The stock has a 50 day simple moving average of $4,118.59 and a 200-day simple moving average of $3,872.22. The stock has a market cap of $158.22 billion, a P/E ratio of 31.73, a P/E/G ratio of 1.45 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its earnings results on Wednesday, October 30th. The business services provider reported $83.89 earnings per share for the quarter, topping analysts’ consensus estimates of $77.94 by $5.95. Booking had a net margin of 21.85% and a negative return on equity of 165.63%. The business had revenue of $7.99 billion during the quarter, compared to the consensus estimate of $7.63 billion. Sell-side analysts anticipate that Booking will post 177.37 EPS for the current fiscal year.

Insider Activity at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the transaction, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.12% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Booking

Several institutional investors have recently made changes to their positions in BKNG. Proficio Capital Partners LLC grew its stake in Booking by 1.9% in the 1st quarter. Proficio Capital Partners LLC now owns 157 shares of the business services provider’s stock valued at $570,000 after acquiring an additional 3 shares during the period. Team Hewins LLC grew its stake in Booking by 1.7% in the 1st quarter. Team Hewins LLC now owns 182 shares of the business services provider’s stock valued at $660,000 after acquiring an additional 3 shares during the period. Csenge Advisory Group grew its stake in Booking by 4.7% in the 1st quarter. Csenge Advisory Group now owns 67 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 3 shares during the period. Bleakley Financial Group LLC grew its stake in Booking by 0.3% in the 1st quarter. Bleakley Financial Group LLC now owns 869 shares of the business services provider’s stock valued at $3,153,000 after acquiring an additional 3 shares during the period. Finally, Sheaff Brock Investment Advisors LLC grew its stake in Booking by 0.8% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 403 shares of the business services provider’s stock valued at $1,461,000 after acquiring an additional 3 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.

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.