Mizuho Raises Booking (NASDAQ:BKNG) Price Target to $6,000.00

Booking (NASDAQ:BKNG) had its price objective lifted by equities research analysts at Mizuho from $5,400.00 to $6,000.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Mizuho’s price target indicates a potential upside of 21.38% from the stock’s current price.

A number of other brokerages have also commented on BKNG. StockNews.com upgraded Booking from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Jefferies Financial Group lifted their price target on shares of Booking from $4,200.00 to $4,300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Oppenheimer increased their price objective on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Argus lowered shares of Booking from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada increased their price target on Booking from $3,900.00 to $5,250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $4,909.90.

Booking Stock Performance

Shares of BKNG opened at $4,943.35 on Thursday. The business’s fifty day moving average price is $4,864.52 and its two-hundred day moving average price is $4,221.68. The firm has a market capitalization of $163.61 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 2.11 and a beta of 1.41. Booking has a 52 week low of $3,180.00 and a 52 week high of $5,337.24.

Institutional Investors Weigh In On Booking

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKNG. Jamison Private Wealth Management Inc. acquired a new stake in Booking in the third quarter valued at about $25,000. POM Investment Strategies LLC acquired a new stake in shares of Booking in the 2nd quarter valued at approximately $28,000. Grove Bank & Trust grew its holdings in shares of Booking by 133.3% during the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 4 shares during the last quarter. Kings Path Partners LLC acquired a new position in Booking during the 2nd quarter worth approximately $28,000. Finally, West Financial Advisors LLC bought a new position in Booking in the 3rd quarter valued at approximately $29,000. 92.42% of the stock is currently owned by 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.