Mizuho Raises Booking (NASDAQ:BKNG) Price Target to $4,800.00

Booking (NASDAQ:BKNG) had its price target upped by equities researchers at Mizuho from $4,250.00 to $4,800.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Mizuho’s price objective would suggest a potential upside of 11.29% from the company’s current price.

A number of other research analysts have also issued reports on BKNG. B. Riley dropped their target price on Booking from $4,900.00 to $4,650.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. UBS Group upped their price objective 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. JPMorgan Chase & Co. lowered their target price on shares of Booking from $4,025.00 to $3,860.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Cantor Fitzgerald reissued a “neutral” rating and set a $3,590.00 price target on shares of Booking in a report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,183.75.

Booking Price Performance

BKNG stock opened at $4,313.01 on Thursday. Booking has a 12 month low of $2,733.04 and a 12 month high of $4,395.00. The company has a market cap of $146.33 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 1.33 and a beta of 1.40. The company has a fifty day moving average price of $4,029.83 and a 200 day moving average price of $3,838.71.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, August 1st. The business services provider reported $41.90 earnings per share for the quarter, topping the consensus estimate of $39.22 by $2.68. The business had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $37.62 earnings per share. As a group, analysts anticipate that Booking will post 177.05 earnings per share for the current year.

Insider Buying and Selling at Booking

In other news, insider Paulo Pisano sold 100 shares of Booking stock in a transaction dated 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 sale, the insider now directly owns 3,787 shares in the company, valued at $14,722,379.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.12% of the stock is owned by insiders.

Institutional Investors Weigh In On Booking

Hedge funds have recently made changes to their positions in the business. Jamison Private Wealth Management Inc. acquired a new position in shares of Booking during the 3rd quarter valued at about $25,000. Grove Bank & Trust increased its position in Booking by 133.3% during the second quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4 shares during the last quarter. POM Investment Strategies LLC purchased a new position in Booking during the second quarter worth approximately $28,000. Kings Path Partners LLC acquired a new position in shares of Booking in the 2nd quarter valued at $28,000. Finally, West Financial Advisors LLC acquired a new position in shares of Booking in the 3rd quarter valued at $29,000. 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.