Booking (NASDAQ:BKNG) PT Raised to $5,000.00

Booking (NASDAQ:BKNG) had its price objective lifted by stock analysts at JMP Securities from $3,950.00 to $5,000.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “market outperform” rating on the business services provider’s stock. JMP Securities’ price target would indicate a potential upside of 15.28% from the company’s previous close.

Several other research firms have also recently issued reports on BKNG. StockNews.com cut shares of Booking from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Wells Fargo & Company boosted their price target on shares of Booking from $3,976.00 to $4,173.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Bank of America reduced their price target on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Wedbush boosted their price target on shares of Booking from $3,850.00 to $4,200.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Truist Financial initiated coverage on shares of Booking in a report on Friday, September 6th. They issued a “hold” rating and a $4,100.00 price target for the company. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $4,130.18.

Booking Price Performance

Shares of BKNG stock opened at $4,337.27 on Tuesday. The company has a market capitalization of $147.15 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 1.31 and a beta of 1.40. Booking has a one year low of $2,733.04 and a one year high of $4,371.17. The company’s fifty day moving average price is $3,942.66 and its 200-day moving average price is $3,811.55.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, topping analysts’ consensus estimates of $39.22 by $2.68. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The firm had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same period in the previous year, the company earned $37.62 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts expect that Booking will post 176.92 earnings per share for the current fiscal year.

Insider Transactions at Booking

In other news, insider Paulo Pisano sold 100 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total value of $388,761.00. Following the sale, the insider now owns 3,787 shares in the company, valued at $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

Institutional Trading of Booking

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKNG. Chicago Partners Investment Group LLC acquired a new stake in Booking during the fourth quarter valued at $276,000. Centaurus Financial Inc. lifted its holdings in Booking by 47.7% during the fourth quarter. Centaurus Financial Inc. now owns 96 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 31 shares in the last quarter. SageView Advisory Group LLC lifted its holdings in Booking by 163.1% during the fourth quarter. SageView Advisory Group LLC now owns 221 shares of the business services provider’s stock valued at $786,000 after purchasing an additional 137 shares in the last quarter. CWM LLC lifted its holdings in Booking by 14.2% during the first quarter. CWM LLC now owns 2,354 shares of the business services provider’s stock valued at $8,540,000 after purchasing an additional 292 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Booking by 12.0% during the first quarter. GAMMA Investing LLC now owns 205 shares of the business services provider’s stock valued at $744,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

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.